The North Dakota purchase would put those total holdings at more than 270,000 acres, though it's not clear how the property is being divided following Gates and French Gates' divorce last year. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. Read also:Which Billionaire Owns The Most Land In The U.S.? It has also funded myriad research facilities and humanitarian operations, focusing on overcoming diseases, climate change, agricultural research, and health and nutrition in underdeveloped areas. 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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Chicken nuggets and cream cheese grow in trays in a South Side lab. "I've gotten a big earful on this from clear across the state, it's not even from that neighborhood," Doug Goehring, the state's agricultural commissioner, told a local NBC affiliate this week. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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.. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Lower-than-usual egg inventories near the end of the year, when demand is up from holiday baking, resulted in several successive weeks of record-high egg prices, the department said. Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18-states. The total portfolio of farmland is worth well over $700 million. District of Columbia 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. What does Weyerhaeuser have to do with Michigan? However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Report. The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. Your membership is the foundation of our sustainability and resilience. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. The controversy over Bill Gates becoming the largest private farmland owner in the US People are drawing connections between Gates's vast farmlands and climate change advocacy. Gates does own a lot of farmland. Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that farmland returns historically out performs most other investment vehicles, and is also comparatively the least volatile asset among the bunch. News reports from the last several years suggest that Gates has at different times invested in start-ups focused on developing artificial or plant-based alternatives to meat, such as Natures Fynd, Hampton Creek, Memphis Meats, Beyond Meat and Impossible Foods. 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. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. 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. 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? We may earn commission if you buy from a link. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. 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). "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. Accessed 28 Apr. Heres why. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. However, there are also countless farmland investing platforms gaining traction now too. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. The old saying about land is they aren't making any more of it. Supply and demand? 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. According to lovemoney.com, the church owns more than 70 million hectares. See here for a complete list of exchanges and delays. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . Check out:How To Invest In Real Estate With $100. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 2022. 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. . Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. 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. Who is the largest farmer in the United States? I have invested in these farms to make them more productive and create more jobs. 41 on The Land Report's 2022 list of Americans who own the most land. Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. 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. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. Well, as with everything in life, there is always a trade-off especially in finance. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . Farmland as an investment offers low volatility. Why did he decide to buy in Amish Country? Are you ready for alternative proteins made from a volcanic microbe? "It is not connected to climate. Gates does not own anywhere close to the majority of America's farmland. Some are near cities and might end up having other uses.". 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 speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. As the Land Report notes, 24,800 acres of the land istransitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the mostpopulous city in Arizona. So, what's the interest in farmland? Conspiracy theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. in order to starve Americans for an unknown reason, Snopes said, after researchers said in. 20006, Florida According to a January 2021 article by The Land Report, Gates owned 242,000 acres of farmland through two investment management firms - Cottonwood Ag Management and Cascade Investment (here). 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. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. How old do you have to be to strip? For context, Invitation Homes and American Homes 4 Rents combined homes would be less than 1% of the 17.16 million homes, if total housing numbers stayed the same in the last three years. Egg prices havent come down with inflation. Accessed 28 Apr. In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Partnering with Monsanto to create these super seeds is also part of the plan. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . To better understand these questions, it's helpful to review Bill Gates' financial decision through the years, especially as it relates to Microsoft, Cascade Investments, and The Bill and Melinda Gates Foundation. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. The $13.5 million sale in November of roughly 2,100 acres in the northeast corner of the state was first sleuthed and reported by AgWeek's Mikkel Pates earlier this month. I have invested in these farms to make them more productive and create more jobs. An archived version of the tweet can be found (archive.ph/8Tq36). 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. The transitional land he owns in Arizona is reportedly being built into a suburb. The. "Those people are upset, but there are others that are just livid about this.". Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. With her 6.6 billion acres, Elizabeth II is far and away the worlds largest landowner, with the closest runner-up (King Abdullah) holding control over a mere 547 million, or about 12% of the lands owned by Her Majesty, The Queen. See MCL 436.1701., Michigan taxpayers are allowed to take a number of exemptions, depending on the number of people in the taxpayers household, their ages, and other factors, If the defendant is held for more than 24 hours without being brought before the court under subsection (2), the officer in charge of the, An ORV or off-road vehicle is a motor-driven, recreational vehicle capable of driving on a range of terrains not limited to roadways and, Michigan leads the nation in tart cherry production. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. Gates appears to be pro-chicken farming. (here). American Homes 4 Rent holds around 57,024 single-family properties (here). These claims are not true. 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. 2,167 acres. Zu den grten Gates-Unternehmen zhlen etwa Betriebe mit 27.952 Hektar in Louisiana, 19.395 Hektar in Arkansas, 10.420 Hektar in Arizona, 8.331 Hektar in Nebraska und 6.514 Hektar im Bundesstaat. 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.