Another meme circulating online reads: Bill Gates is buying all the farmland. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . Eggs have become expensive and scarce in some parts of the country. (here) (here). He has also been aproponent of chicken farming. We may earn commission if you buy from a link. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Either that or I had a screw loose. At about $6,000 per acre, the potato farm cost roughly half of what Gates reportedly spent on highly coveted soil closer to his home in Washington. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Gates private office, Gates Ventures, told PolitiFact this claim is false. Gates also owns land in Arizona (25,750 acres), Illinois (17,940),Mississippi (16,963),Washington (16,097), Florida (14,828), Idaho (9,233), Indiana (9,136), Ohio (8,915), California (4,509), Colorado (2,270), Michigan (2,167), Wisconsin (1,188), Wyoming (975), North Carolina (874), Iowa (552), and New Mexico (1). The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. The billionaire philanthropist Bill Gates, America's largest farmland owner, apparently bought a potato farm in North Dakota, and local residents aren't too happy about it. In fact, Gates is the owner of over. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. While private companies and corporations are increasing . Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. Bill Gates owns a lot of farmland. | Iowa Hawkeyes fan forums - Go Iowa Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. Gates appears to be pro-chicken farming. Supreme Court just voted to ban condoms., Says Ukrainian President Volodymyr Zelenskyy said he wants Americas sons and daughters to go die in Ukraine., In Ohio, there are 75,000 acres of farmland, fertile farmland, that are all now being poured down with acid rain., Muslims by the millions are converting to Christianity.. Why Bill Gates' Purchase of Farmland Concerns Conspiracy Theorists The 2,100 acre potato farm adds to his massive portfolio of farm investments. Gates also owned up to the various failures in their initiatives, and admitted that they try their best to leverage the expertise and wisdom from the community leaders present in the areas they aid. As of 2022, he owned 248,000 acres of farmland across more than a dozen states, but this accounts for less than 1% of the total farmland in the U.S. These claims are not true. Bill Gates Asked Why He's Buying So Much US Farmland: Here's His - MSN Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. 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. Essentially, by year 2030, the estimated results of what carbon emissions (and their, Eradicate major diseases such as polio, malaria, and HIV, Reduce child death by half across the developing countries in Africa, Educate and empower small-holder farmers through mobile banking, Featured in the agricultural side of their plan is a strategy for. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. 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. Farmland originally appeared on Benzinga.com. This article Bill Gates Finally Explains Why He's Buying So Much U.S. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). North Dakota Investigates Farmland Purchases by Trust Linked to Bill Gates Gates' 242,000 acres amounts to about 0.03% of the total. Bill Gates Becomes the Largest Farmland Owner in the United - People About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. American Homes 4 Rent holds around 57,024 single-family properties (here). Please let us know if you're having issues with commenting. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres . Who are the biggest absentee landowners in Illinois? The state is investigating the purchase of potato farmland by the Gates-linked trust, with the states Attorney General writing in a letter that it wasprohibited from owning or leasing farmland or ranchland in the state of North Dakota.. Bill Gates Doesn't Own That Much Farmland | Aaron Smith What is the most profitable crop in Michigan? .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 invested in these farms to make them more productive and create more jobs. 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. 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. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. He was right when he predicted the COVID-19 epidemic in 2015. Bill Gates, Sustainable Agriculture Champion, Is America's Biggest The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. The current chicken and egg shortages trace mainly to an avian flu outbreak in the U.S. that began in early 2022 and was exacerbated by holiday demand and supply chain problems, the Agriculture Department reported. It reported that as of 2022, Gates owned about 248,000 acres of farmland. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. Though the Gates Foundation has spent so much time and resources on helping humanity more than any other private entity in history the sheer power their enterprise wields has drawn the attention and fear of many. Bill Gates Is Buying Up American Farmland. But Why? Gates is just using farmland to make Agri-Tech and financial investments. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Bill Gates: Americas Top Farmland Owner | The Land Report. 801 3rd St. S Today, Bill Gates owns 242,000 acres of farmland in 19 states. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. This is especially helpful if, say, the stock market crashed, and you had a more aggressive stock portfolio (or any large stake in stock at all). The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. Gates does own a lot of farmland. How can this inform our personal investment decisions? In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Gates has been asked about his farmland purchases before. Is Farmland Partners (FPI) A Good Investment? During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. Why Bill Gates Keeps Buying Up So Much Farmland, 60 Scientists Are Trying to Block the Sun, Your Privacy Choices: Opt Out of Sale/Targeted Ads. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. According to the Tri-City Herald, a 14,500-acre swath of choice eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. This is a sponsored promotion for the AcreTrader platform. Bill Gates and conspiracy theories go together like peanut butter and jelly. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Table of Contents show Why Is Bill Gates Buying So Much Farmland? - Farmland Riches The No. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. Digital IDs were given to residents in East Palestine, Ohio, to track long term health problems like difficulty breathing before the Feb. 3 train derailment. Agfundernews.com, a website about agricultural investments, reported in 2021 that Gates' investments were part of a broader trend that started after the financial crisis of 2008, as investors looked for reliable returns. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. Why Is Bill Gates Buying Farm Land? Why? The Guardian, 5 Apr. By clicking Sign up, you agree to receive marketing emails from Insider Any why now after years of massive success? 1800 I Street NW AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Since its IPO in 1985, Microsoft has seen continual success. Download free guide with advice for beginners. Contacted by Reuters, a BlackRock spokesperson said: BlackRock is not buying single-family homes and is not competing with individuals to purchase houses in America.. Is this just a regular investment move, made on a large scale? These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Does Bill Gates Own the Majority of US Farmland? - Snopes ", Gates responded at the time, "My investment team bought the farmland. Since his divorce, it is unclear how the assets were split up between the couple. What Asset Class Is Farmland Considered To Be? The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. "It is not connected to climate. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. 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. This article was produced by the Reuters Fact Check team. Where Does Bill Gates Own Farmland in the US. Bill Gates explains why he buys so much farmland Bill and Melinda released their latest initiative, Bill Gates Big Bet, where the Foundation states theyre betting on the major success of developing nations within the next 15 years, hoping to see more improvement than at any time in history. Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Earlier this week,North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, stating that its corporations and LLCs were prohibited from owning or leasing farmland or ranchland in the state of North Dakota. Wrigley added that these entities were banned from engaging in farming or ranching.. 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. The REAL reason Bill Gates is buying US land. According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate value s nationwide increased 7% from 2020 to $3,390 per acre. Farmland in am. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Bill Gates Asked Why He's Buying So Much US Farmland: Here's His Answer Why Bill Gates is now the US' biggest farmland owner - New York Post But these companies do not own a majority of U.S. single-family homes. Stay up to date with what you want to know. Hes the largest landowner in the United States. One main benefit to alt assets especially for those whore heavily invested in the stock market is you can diversify your overall investment portfolio outside the NYSE/NASDAQ. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. 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. The . According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. Sign up for notifications from Insider! 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. Youre not investing in a building that will decay over time, but the rich farmland itself. Bill Gates just bought 2,100 acres of farmland in North Dakota, adding to the 270,000 acres he inexplicably owns throughout the US China also just bought 300 acres there, adding to the 192,000 . It isless than .1% of all US farmland because the ownership is so diverse. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. According to lovemoney.com, the church owns more than 70 million hectares. What Land Does Bill Gates Own In Michigan? - PartyShopMaine Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Read more about our work to fact-check social media posts here . Many people wonder why Bill Gates would make these moves with his investment portfolio. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Those people are upset, but there are others that are just livid about this.. With over 242,000 acres of farmland, Bill Gates is America's biggest farmland owner, and his ownership may be connected to climate change and plant-based meat substitutes. Breitbart News reporter Alana Mastrangelo wrote: Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. Other examples can be seen (here), (here). However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Bill Gates is about to change the way America farms Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Perhaps Bill Gates is looking to test out his GMO seeds. Try the tool that will help you invest smarter, faster, and better. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? It's not part of his plans to save the planet. How Old Do I Have To Be To Go To A Strip Club In Michigan? Perhaps history is repeating itself? "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. Although Gates owns these farms, he isnt changing their practices. The cost of chicken has also gone up, although not as drastically. Washington, DC The agriculture sector is important," Gates wrote. Now Chinese companies and businessmen are planning to make their home in the United States. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. Is Gladstone Land Corp (LAND) A Good Investment? 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). Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . Gates owns less than 1% of the nations farmland. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. As of the latest Rental Housing Finance Survey (2018), there were 19.955 million rental properties in the United States (bit.ly/3FdPtKZ), 17.16 million of them single unit rental properties (bit.ly/3KLCjWH). Accessed 28 Apr. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America.