Hint, It's Not 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). 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. How Much Land Does Bill Gates Own? | askBAMLand 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. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. 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. Who is the largest landowner in the world? Gates is No. Just over 70% of these were owned by individual investors. 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. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Neither of these are a perfect option. Read also:Which Billionaire Owns The Most Land In The U.S.? However, there are also countless farmland investing platforms gaining traction now too. 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. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Who are the biggest absentee landowners in Illinois? Bill Gates Asked Why He's Buying So Much US Farmland: Here's His Answer While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". 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. The total portfolio of farmland is worth well over $700 million. The other major crops oats and forages are mostly fed to livestock on farms in the area. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Distance from Michigan to Detroit The shortest route between Michigan and Detroit is, Michigan law is absolutely clear that an adult over the age of 21 shall not sell or furnish alcohol to a minor. 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. How Much U.S. Farmland Does China Really Own? More Than Bill GatesAnd While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Essentially, by year 2030, the estimated results of what carbon emissions (and their effect on the environment) will look like in 2050 will be decided in full. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. 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. Bill Gates reveals reasons behind massive farmland purchases 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. BlackRock is a shareholder in both companies (here) (here). Social media posts blame Gates investments in plant-based meat alternatives and his status as the nations largest private farmland owner for triggering the countrys current chicken and egg shortages. Perhaps history is repeating itself? For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. The North Dakota attorney general's office recently inquired into a 2,100-acre farmland purchase by Red River Trust, an entity affiliated with Bill Gates. Some of the links on this site are affiliate links. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Reuters traced the figure cited by social media posts as the number of acres owned by Bill Gates to The Land Report, which reports on major land ownership in the United States. Farm Gates - Ohio Ag Net | Ohio's Country Journal F' off Gates! Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Bill and Melinda Gates own 70,000 acres of Louisiana farmland; what He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . 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. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Where Does Bill Gates Own Farmland in the US. I have invested in these farms to make them more productive and create more jobs. According to lovemoney.com, the church owns more than 70 million hectares. Why Bill Gates is now the US' biggest farmland owner - New York Post In the past 20 years, the foundation has grown to hold over $48 billion. where is bill gates' farmland in michigan - ccecortland.org 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. 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. Over time, Gates sold personal stock in Microsoft and. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. 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). Climate Connection. Bill Gates is the biggest private owner of farmland in the United Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Other factors are pandemic-related supply chain issues andholiday demand. While private companies and corporations are increasing their ownership of U.S. homes, BlackRock, through its investments, does not own a majority of single-family homes. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. to not use their land, is working towards their real agenda. Bill Gates Top Farmland Owner in US | Newsmax.com According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. Is Gladstone Land Corp (LAND) A Good Investment? Why? 2022. 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. We invest in the farms to raise productivity. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. I had heard this in the past, but didn't give it much thought. Bill Gates explains why he buys so much farmland 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. 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 responded: "I own less than 1/4000 of the farmland in the US. How long is it from Michigan to Detroit? 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. Gates does own a lot of farmland. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. Accessed 28 Apr. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . Farmland has some natural built-in drawbacks for all of the built-in benefits: Just 20 years ago, it was difficult to invest in farmland if you werent already independently wealthy. Bill Gates' North Dakota Farmland Purchase Approved by the - AgWeb 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. Where does Bill Gates own farmland in Illinois? - 2023 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. Purchasing your own farm outright means that you are not diversified across many farms; just 1. What Asset Class Is Farmland Considered To Be? Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. (here) (here). It reported that as of 2022, Gates owned about 248,000 acres of farmland. In a world of wild talk and fake news, help us stand up for the facts. Report: Bill Gates is largest owner of private farmland in U.S., with Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Bill Gates gobbling up Florida farmland | News | sharonherald.com 33701 Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . 2023 Benzinga.com. Is Farmland Partners (FPI) A Good Investment? Bill Gates Finds Farmland To Be One Hot Commodity Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. 3. Well, as with everything in life, there is always a trade-off especially in finance. 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 appears to be pro-chicken farming. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. Trump killed them., The Kansas City Chiefs Super Bowl win has been put on hold as NFL plans to launch an investigation on possible (performance-enhancing drug) use by Patrick Mahomes during halftime.. Heres why.," Jan. 10, 2023. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. 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. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes 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. 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.
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