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 . That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. In fact, he reportedly owns more farmland than any other individual in America. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Other examples can be seen (here), (here). Farmland as an investment offers low volatility. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Investors from the Netherlands own 33% of that land with Canadians owning 25%. 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. a Reddit user asked. It isless than .1% of all US farmland because the ownership is so diverse. as well as other partner offers and accept our. Does this investment say anything about the state of the. This isn't the first time Gates has called for higher taxes on the wealthy. Gates has been asked about his farmland purchases before. 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. Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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. Access your favorite topics in a personalized feed while you're on the go. 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. Check out current deals on AcreTrader now! How much land does Russia own in the United States? Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Microsoft co-founder Bill Gates is America's top private farmland owner. Table of Contents show Check out:How To Invest In Real Estate With $100. Some of the links on this site are affiliate links. 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. Many people wonder why Bill Gates would make these moves with his investment portfolio. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. 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.. Bill Gates Is the Biggest Private Owner of Farmland in the United States. I have written several articles on postings related to Big Tech, Social Media and Corporations. 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. The 2,100 acre potato farm adds to his massive portfolio of farm investments. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. 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. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. The transitional land he owns in Arizona is reportedly being built into a suburb .. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. An archived version of the tweet can be found (archive.ph/8Tq36). Hes also written about the need for more ways to produce meat without depleting environmental resources. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Gates is just using farmland to make Agri-Tech and financial investments. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. The figure is far below the total area of U.S. farmland. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. It's not part of his plans to save the planet. 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. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. 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. False. The total portfolio of farmland is worth well over $700 million. Infected flocks are culled to prevent the flu from spreading. Gates responded: "I own less than 1/4000 of the farmland in the US. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. According to lovemoney.com, the church owns more than 70 million hectares. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. 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. 2023 Benzinga.com. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. How many farms Does Bill Gates Own? American Homes 4 Rent holds around 57,024 single-family properties (here). You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. No, its the Roman Catholic Church. Access your favorite topics in a personalized feed while you're on the go. Oct 22, 2014. Bill Gates does not own the majority of U.S. farmland. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. What Part Of Michigan Is Considered The Upper Peninsula? 2022. 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. BlackRock is a shareholder in both companies (here) (here). 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. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Our only agenda is to publish the truth so you can be an informed participant in democracy. Suggests virologists death is linked to COVID-19 vaccines. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. 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. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. 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. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Read more about our work to fact-check social media posts here . In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. 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 . Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. What Land Does Bill Gates Own In Michigan? 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. 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. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates.
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