where is bill gates' farmland in michigan

Some are near cities and might end up having other uses.". 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. Farmland in am. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. You can find his previous stuff at Gizmodo and Paste if you look hard enough. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. 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. 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. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. Northern Kansas land sale averages $3,500 per acre. 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 . Bill Gates and conspiracy theories go together like peanut butter and jelly. There were 895.3. 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. His . Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. Bill Gates owns massive parcels of farmland. North Dakota officials have questions and residents are furious about a major land grab by a trust linked to billionaire and anti-meat zealot Bill Gates, the nation's biggest owner of farmland. These claims are not true. What does Weyerhaeuser have to do with Michigan? It was a cold January day in 2021 when Eric O'Keefe, editor and founder of The Land Report, walked up to the podium at the Land Expo in Iowa and announced Bill Gates as America's largest individual farmland owner.He learned this after investigating Gates' purchase of the 100 . Bill Gates Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. Today, Bill Gates owns 242,000 acres of farmland in 19 states. See here for a complete list of exchanges and delays. 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. Accessed 28 Apr. Nov 14, 2022. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. TheNew York Post reportsthat public records recently cited by AgWeek reveal that an entity called Red River Trust with links to billionaire Bill Gates recently purchased 2,100 acres of potato farmland in northern North Dakota, prompting state officials to intervene after complaints from local residents. Bill Gates reportedly owns more farmland than anyone else in the United States. Bill Gates (AP Images) Bill Gates is buying up America's farmland. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 33701 Oversight. Our only agenda is to publish the truth so you can be an informed participant in democracy. The major cash crops are field beans, sugar beets, corn and wheat. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. What special interest does Bill Gates have in farmland? Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. Bill Gates is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 2,167 acres. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? We need your help. 54. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). In a world of wild talk and fake news, help us stand up for the facts. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Your membership is the foundation of our sustainability and resilience. "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?" Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. 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). Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. 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. 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. Perhaps history is repeating itself? This is because of more intense seasons of drought and rain. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. Or, have more control over the resources we all use and need. 1800 I Street NW The figure is far below the total area of U.S. farmland. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. Gear-obsessed editors choose every product we review. 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. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. By Rebecca . In their 2018 annual letter, the Gates Foundation answers the top ten questions they received, and they admitted that they didnt think it was fair that their family had so much global influence. 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. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). 2023 Benzinga.com. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. This article was produced by the Reuters Fact Check team. We may earn commission if you buy from a link. 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. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. All rights reserved. St. Petersburg, FL In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. It reported that as of 2022, Gates owned about 248,000 acres of farmland. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Our state produces about 75 percent of the nations tart cherry crop. 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 . to not use their land, is working towards their real agenda. He also reportedly owns about 16,000. Gates said during a Reddit AMA: My investment group chose to do this. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. Bill Gates buys farmland in Amish Country. Sign up for notifications from Insider! 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? February 27, 2023, 11:49 AM. Who owns the most farmland in the world? 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. How long is it from Michigan to Detroit? 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. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Climate Connection. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 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. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. Gates appears to be pro-chicken farming. The timeline of events leading to the shortages, claim multiple Instagram posts, goes like this: "2013: Bill Gates invests (in) plant-based eggs, poultry, and meat", "2021: Bill Gates becomes the largest private farmland owner in the U.S.", "2021-2023: Mass chicken and egg shortages hit American farms", The Gateway Pundit, a conservative website, shared a similar claim. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. 41 on The Land Report's 2022 list of Americans who own the most land. He has also been aproponent of chicken farming. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. 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. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. According to lovemoney.com, the church owns more than 70 million hectares. In fact, he reportedly owns more farmland than any other individual in America. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. Here are a few likely reasons why Bill Gates is scooping up farmland: Whatever you may think about the man himself, 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. How can this inform our personal investment decisions? Gates does own a lot of farmland. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Satellites are on balloons and not in space.. 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. Bill Gates does not own the majority of U.S. farmland. ", Gates responded at the time, "My investment team bought the farmland. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. 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. 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. 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. 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. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Purchasing your own farm outright means that you are not diversified across many farms; just 1. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. What Land Does Bill Gates Own In Michigan? I have invested in these farms to make them more productive and create more jobs. Our Standards: The Thomson Reuters Trust Principles. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. Why Is Bill Gates Buying So Much Farmland? He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Top editors give you the stories you want delivered right to your inbox each weekday. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . 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. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. He recently tried to explain why, and it was a little hard to follow. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Talk about big bets. Former Microsoft CEO Bill Gates owns a majority of America's farmland. The main factor driving the nationwide price hikes and supply shortages, according to the U.S. Department of Agriculture, is a U.S. avian influenza, or bird flu, outbreak. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. 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. Estes, Nick. 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). Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. 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. Click here to view current offerings on AcreTrader! Pates wrote that while "nobody involved in the deal seems eager to talk about it," public records connected Gates and the buyer, Red River Trust. Hearst Magazine Media, Inc. All Rights Reserved. Using those figures, Gates would own about 0.027% of U.S. farmland. It reported that as of 2022, Gates owned about 248,000 acres of farmland. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. The U.S. Federal Government. Another meme circulating online reads: Bill Gates is buying all the farmland. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. 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. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. The transitional land he owns in Arizona is reportedly being built into a suburb .. (here). Does Michigan Allow Personal Tax Exemptions? 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.. Gates does not own anywhere close to the majority of America's farmland. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. 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. The total portfolio of farmland is worth well over $700 million. Gates and his wife, Melinda, own 242,000-acres across the U.S., according to The Land Report.. Gates' farmland includes 69,071-acres in Louisiana, 47,927-acres in Arkansas, 25,750-acres in Arizona, and 20,588 in Nebraska, and property in 14 other states, the magazine reported. The old saying about land is they aren't making any more of it. Supply and demand? Read also:Which Billionaire Owns The Most Land In The U.S.? 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.

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