where is bill gates' farmland in michigan where is bill gates' farmland in michigan

Many people wonder why Bill Gates would make these moves with his investment portfolio. 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. 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. 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. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Gates does not own anywhere close to the majority of America's farmland. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Who knows. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. What Part Of Michigan Is Considered The Upper Peninsula? 2022. Recently, NBC News reported that Bill Gates along with his estranged wife Melinda Gates had acquired more than 269,000 acres of farm in the United States in the past 10 years. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. 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. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. 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. I have written several articles on postings related to Big Tech, Social Media and Corporations. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. researchers warned about the potential risk of a global food shortage, currently no nationwide food shortages in the United States, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal, 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, you'd cover an area about a quarter the size of Rhode Island, Gates was putting microchips into vaccines, Gates had input tracking devices into vaccines, vaccinations as a way to depopulate the planet. Read also:Which Billionaire Owns The Most Land In The U.S.? District of Columbia Farmland in am. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. Gates is No. Check out:How To Invest In Real Estate With $100. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. 2021. 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. 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. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Bill Gates: Americas Top Farmland Owner | The Land Report. 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. 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. Stay up to date with what you want to know. Oftentimes, those fingers get pointed at Gates. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . Just over 70% of these were owned by individual investors. 22. Heres why. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. Sign up for notifications from Insider! (Read more about our partnership with Meta, which owns Facebook and Instagram.). 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. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. 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). Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. The other major crops oats and forages are mostly fed to livestock on farms in the area. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. 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. Now Chinese companies and businessmen are planning to make their home in the United States. 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. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Cascade Investment began purchasing farmland in significant strides in 2013. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. 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. Why am I just learning about this NOW?. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Our Standards: The Thomson Reuters Trust Principles. Our state produces about 75 percent of the nations tart cherry crop. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. A spokesperson for Gates also told Reuters the claim that Gates owns the majority of U.S. farmland was false, pointing to the USDA figures. In fact, Gates is the owner of over. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. 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). 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.. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. 1995 - 2023 by Snopes Media Group Inc. 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.. Bill Gates does not own the majority of U.S. farmland. Perhaps history is repeating itself? While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Real estate investors overall have also been increasingly targeting single-family homes. As per the report, the Gates have their own land in at least 18 American states. 20006, Florida He has also written on his personal blog about the future of food, the increasing demand for meat as the global population rises and the environmental effects of livestock farming. The biggest chunks of Gates' holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlet's research found. - Farmland Riches where is bill gates' farmland in michigan. Download free guide with advice for beginners. American Homes 4 Rent holds around 57,024 single-family properties (here). 2022. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. The cost of chicken has also gone up, although not as drastically. Talk about big bets. "It is not connected to climate. Is this just a regular investment move, made on a large scale? While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Neither of these are a perfect option. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Who owns the most farm ground in the US? Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. 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. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. What is the most profitable crop in Michigan? 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. Hint, It's Not Bill Gates. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. More than 58 million birds in hundreds of commercial and backyard flocks have been affected since the bird flu outbreak began in February 2022, the Agriculture Department estimated. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . Hint, It's Not Bill Gates, Bezos-Backed Startup Lets You Become A Landlord With $100, Try the tool that will help you invest smarter, faster, and better, Bill Gates Finally Explains Why He's Buying So Much U.S. 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. How long is it from Michigan to Detroit? However, Microsoft wasn't Bill Gates' only successful venture. 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? While private companies and corporations are increasing . The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Gates private office, Gates Ventures, told PolitiFact this claim is false. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 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. Gates responded: "I own less than 1/4000 of the farmland in the US. "Those people are upset, but there are others that are just livid about this.". Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. Check out current deals on AcreTrader now! He was right when he predicted the COVID-19 epidemic in 2015. Since it works as an investment for him, it also includes the benefits of using land as an . 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. We need your help. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 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. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. 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. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. Satellites are on balloons and not in space.. But these land holdings account for only a tiny share of the countrys total farmland. This article Bill Gates Finally Explains Why He's Buying So Much U.S. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. I have invested in these farms to make them more productive and create more jobs. 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. 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. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. 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. In fact, he reportedly owns more farmland than any other individual in America. In a world of wild talk and fake news, help us stand up for the facts. 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. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}60 Scientists Are Trying to Block the Sun, Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth.