where is bill gates' farmland in michigan

American Homes 4 Rent holds around 57,024 single-family properties (here). Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. Bill Gates and conspiracy theories go together like peanut butter and jelly. In the wake of this uncertainty, unfounded rumors began to spread that attempted to lay the blame for any coming food shortages on nefarious forces. The agriculture sector is important. Bill Gates reportedly owns more farmland than anyone else in the United States. North Dakotans are outraged as Bill Gates, the largest private farmland owner in the US, apparently buys a $13.5 million potato farm Dominick Reuter Jun 24, 2022, 8:13 AM Leon Neal/Getty. Michigan Muslim Group Warns State That LGBTQ Bill Might Be Unconstitutional CAIR has objected to the Michigan Senate's passage of an expanded version of a state human-rights law protecting LGBTQ . By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. 2,167 acres. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Bill Gates Defends Farmland Purchases: 'There Isn't Some Grand Scheme' - Farmland Riches where is bill gates' farmland in michigan. Those people are upset, but there are others that are just livid about this.. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. Tue, Feb 28, 2023 LOGIN . Heineken accused of secretly shipping adrenochrome in kegs after Bill Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. Their low fees and competitive returns set them apart from many of the other platforms out there. By Jenna Hoffman July 5, 2022. Gates has been asked about his farmland purchases before. 2021. This is a sponsored promotion for the AcreTrader platform. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid the long-time conspiracy theory that he owns some 80% of all U.S. farmland to rest in . It is not connected to climate. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Estes, Nick. Well, as with everything in life, there is always a trade-off especially in finance. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. Whose land is it anyway? Farmers, billionaires - Michigan Farm News As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Bill Gates is the biggest private owner of farmland in the United While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. By clicking Sign up, you agree to receive marketing emails from Insider To put that into perspective, if you put all of the land that Gates owns into one place (his holdings are spread throughout the country), you'd cover an area about a quarter the size of Rhode Island. (here). 2022. What does Weyerhaeuser have to do with Michigan? Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Donald Trump is back on Twitter, thanks to Elon Musk. Bill Gates' 20,000 acres in Nebraska help make him the top farmland Today, Bill Gates owns 242,000 acres of farmland in 19 states. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . The tweet had gathered over 215,000 likes at the time of writing. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. The cost of chicken has also gone up, although not as drastically. What is the most profitable crop in Michigan? These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid the long-time conspiracy theory that he owns some 80% of all U.S. farmland to rest in his 11th appearance in an Ask Me Anything (AMA) session on Reddit. False. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Chinas American agricultural land holdings have increased over tenfold in the last decade, and at the beginning of 2020, investments from China held $2 billion of American agricultural land. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Who owns the most farmland in the world? You can find his previous stuff at Gizmodo and Paste if you look hard enough. Microsoft co-founder Bill Gates is America's top private farmland owner. Gates said during a Reddit AMA: My investment group chose to do this. to not use their land, is working towards their real agenda. The explanation offered by conspiracy theorists for this untrue claim was that these fires were being intentionally set in order to create a food crisis. PolitiFact | The Bill Gates egg shortage conspiracy isn't all it's This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}60 Scientists Are Trying to Block the Sun, Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. I have written several articles on postings related to Big Tech, Social Media and Corporations. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. If Not for Climate, Then Why Is Bill Gates Buying so Much Farmland? AFN, 27 Aug. 2021, https://agfundernews.com/gates-if-not-for-climate-then-why-is-bill-buying-up-so-much-farmland. Gates does own a lot of farmland. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Farm Gates - Ohio Ag Net | Ohio's Country Journal Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Which Billionaire Owns The Most Land In The U.S.? Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. According to a 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the United States. Oct 22, 2014. Bill Gates's Plan to Destroy Animal Agriculture | National Review But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. He responded that it was a decision his investment group made. As unfounded rumors related to the cause of a yet-to-happen food crisis circulated online, many people started to point fingers at a favorite target of conspiracy theorists, former Microsoft CEO Bill Gates. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. stated on February 26, 2023 a video on Facebook: stated on February 15, 2023 a photo on Facebook: stated on January 29, 2023 a video on Facebook: stated on February 5, 2023 an Instagram post: stated on January 27, 2023 a video on Facebook: stated on January 22, 2023 an Instagram post: stated on January 16, 2023 a photo on Facebook: stated on January 12, 2023 a photo on Facebook: stated on November 6, 2022 an Instagram post: stated on October 26, 2022 a post on Instagram: stated on October 12, 2022 an Instagram post: stated on October 9, 2022 a Facebook post: stated on March 3, 2023 in a Conservative Political Action Conference speech: stated on February 19, 2023 in a Facebook post: stated on February 24, 2023 in an Instagram post: stated on March 2, 2023 in a speech at CPAC: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. Some of the links on this site are affiliate links. How old do you have to be to strip? Here in Michigan, roughly 1.35 million acres of ag land is held by foreign investors and nearly 90% of this land is in forests. During times of uncertainty, people often look for someone to blame, and peddlers of misinformation are quick to tell others at whom they should be pointing their fingers. According to OKeefe, Gates isnt the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Neither of these are a perfect option. This is because of more intense seasons of drought and rain. Our state produces about 75 percent of the nations tart cherry crop. Gates is No. Report: Bill Gates is largest owner of private farmland in U.S., with However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Why doesnt everyone just invest in farmland then? Some of the biggest critics of Gates have deemed his philanthropy as a budding technocracy a tyranny of experts that both centralizes power into a private corporations interests. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. What special interest does Bill Gates have in farmland? What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?, He responded, I own less than 1/4000 of the farmland in the US. Social media post scrambles the facts on high egg prices, Gateway Pundit, "Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage," Jan. 24, 2023, PolitiFact, "What Bill Gates has to do with livestock, lab-grown meat," May 18, 2020, PolitiFact, "Eggflation? Bill Gates Finally Explains Why He's Buying So Much U.S. Farmland He has also been aproponent of chicken farming. The Justice Department has been calling parents that are concerned about what their kids are being taught, they are labeling them terrorists., Sen. Marco Rubio signed a 2021 letter that supports waivers that would reduce visual track inspections.. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Former Microsoft CEO Bill Gates owns a majority of America's farmland. Gear-obsessed editors choose every product we review. In January 2021, Bill Gates became the largest owner of farmland in the United States. Here's why the ultra-wealthy like Bill Gates and Thomas Peterffy are While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Or, have more control over the resources we all use and need. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. This material may not be reproduced without permission. "It is not connected to climate. Bill Gates is the largest farmland owner in America: report - New York Post Business entities have, however, been increasing their presence as owners of rental properties. Any why now after years of massive success? Bill Gates: Americas Top Farmland Owner | The Land Report. While many have also speculated that Gates' land purchases were in some way related to his efforts to curb climate change, Gates has said that the two are unrelated. Is this just a regular investment move, made on a large scale? Sign up for notifications from Insider! Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. 2023 Benzinga.com. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . Your membership is the foundation of our sustainability and resilience. It isless than .1% of all US farmland because the ownership is so diverse. Just over 70% of these were owned by individual investors. Snopes and the Snopes.com logo are registered service marks of Snopes.com. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. he has consistently made investing choices that brought him unusual and incredible returns, and this has brought him great wealth when others made the wrong fiscal moves, and lost much. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. Talk about big bets. Gates does own a lot of farmland. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. 20006, Florida It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. (AP). The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio Social media users are falsely claiming that Gates owns the majority of U.S. farmland. While there are currently no nationwide food shortages in the United States, nor widespread disruptions in the supply chain, the potential of such shortages caused many people to feel that their food security was suddenly uncertain. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. As we learned above, in most farmland investment situations, the farmland owner leases their land to tenant farmers, who usually live on and work the land. Gates does not own anywhere close to the majority of America's farmland. No one but Bill Gates knows that answer. a Reddit user asked. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. What Returns Should You Expect From Farmland Investing? Bill Gates investments in farmland can be seen as part of this trend. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). 2 min read Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all. This article Bill Gates Finally Explains Why He's Buying So Much U.S. Gates' interest in farmland is still strong. Because of this crucial factor inherent to farmland, it also tends to provide better, consistent returns during times where inflation rises another scenario where more traditional assets like stocks and real estate suffer in. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. February 27, 2023, 11:49 AM. Bill Gates gobbling up Florida farmland; investment arm recently paid Bill and Melinda Gates own 70,000 acres of Louisiana farmland; what No, its the Roman Catholic Church. Does Bill Gates Own the Majority of US Farmland? - Snopes The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. The other major crops oats and forages are mostly fed to livestock on farms in the area. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Bill Gates Uses Farmland as an Investment Outlet Buying up Potato, Carrot and Onion Farms. NBC News, https://www.nbcnews.com/tech/tech-news/mcdonald-s-french-fries-carrots-onions-all-foods-come-bill-n1270033. Where farmland differs from other alt assets is that because its such a crucial human resource (food = humans), in less-than-desirable economic situations, farmland tends to appreciate even further in value, as opposed to losing value (I.E., during a dreaded stock market crash). These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. In a world of wild talk and fake news, help us stand up for the facts. Youre not investing in a building that will decay over time, but the rich farmland itself. Bill Gates purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week. The total portfolio of farmland is worth well over $700 million. Breitbart News reporter Alana Mastrangelo wrote: Gates is now Americas largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according tothe Land Report. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. Oversight. 3. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. Gates does not own the majority of U.S. farmland. Bill Gates owns a lot of American farmland, but not the majority While Microsoft took a major hit in the tech crash of 2000, Bill Gates portfolio with Cascade would gain around 40% return in that same year. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. . When it comes to alternative assets, there are a few options investors can look at such as real estate, fine art, foreign stocks, cryptocurrencies, even NFTs (verdict still out on them). Accessed 28 Apr. Then, on Tuesday, the North Dakota attorney general's office sent a letter to the Red River Trust notifying a trustee, Peter Headley, of a Depression-era rule barring companies, LLCs, and trusts from farming and ranching activities in the state.