Who owns the most farm ground in the US? 33701 More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. 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. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? How Many Hours Is It From Detroit To Michigan? Business entities have, however, been increasing their presence as owners of rental properties. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Our state produces about 75 percent of the nations tart cherry crop. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. As reported by Bloomberg . The. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). Gates does not own anywhere close to the majority of America's farmland. Mar 4, 2009. 2021. 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). FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. There were 895.3. Gates owns less than 1% of the nations farmland. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. See here for a complete list of exchanges and delays. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. In reality, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal. 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). These posts were flagged as part of Instagrams efforts to combat false news and misinformation. The 2,100 acre potato farm adds to his massive portfolio of farm investments. False. However, there are also countless farmland investing platforms gaining traction now too. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. (here). In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Who owns the most farmland in the world? 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. One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. The . Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. The Justice Department has been calling parents that are concerned about what their kids are being taught, they are labeling them terrorists., Sen. Marco Rubio signed a 2021 letter that supports waivers that would reduce visual track inspections.. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. 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. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Accessed 28 Apr. No, its the Roman Catholic Church. Snopes and the Snopes.com logo are registered service marks of Snopes.com. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". According to a 2022 report from the U.S. Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the U.S. Gates owns roughly 242,000 acres, about 0.03% of the total. Well, as with everything in life, there is always a trade-off especially in finance. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. It reported that as of 2022, Gates owned about 248,000 acres of farmland. He was right when he predicted the COVID-19 epidemic in 2015. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? 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. 28. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. 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. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. It's hard to visualize just how much land 242,000 acres amounts to unless . 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.. 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. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . 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. How much land does Russia own in the United States? Donald Trump is back on Twitter, thanks to Elon Musk. This article will go into detail about how much land Bill Gates owns and why he owns so much. Their low fees and competitive returns set them apart from many of the other platforms out there. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. Northern Kansas land sale averages $3,500 per acre. The old saying about land is they aren't making any more of it. Supply and demand? 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 . Your membership is the foundation of our sustainability and resilience. A 2021 report published by the U.S. Department of Agriculture (USDA) said there were 895,300,000 acres of farmland in the United States. No one but Bill Gates knows that answer. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. 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. 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. Is Gladstone Land Corp (LAND) A Good Investment? Sign up for notifications from Insider! This informational is by no means a promotion, solicitation, or recommendation of any specific investment. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. 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. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. Gates' farmland purchases, which have mostly been made in the last five years, started in 2017 when he bought $520 million of farmland spread over five dozen properties from the Canada. 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. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. - Farmland Riches where is bill gates' farmland in michigan. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Invitation Homes, for example, has approximately 80,000 homes for lease across the country and is the largest landlord for single-family homes in the United States (here) (here). ", Gates responded at the time, "My investment team bought the farmland. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Table of Contents show How old do you have to be to strip? We may earn commission if you buy from a link. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. 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. What special interest does Bill Gates have in farmland? Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. Bill Gates and conspiracy theories go together like peanut butter and jelly. 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. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states.