where is bill gates' farmland in michigan

In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". 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? More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Farmland originally appeared on Benzinga.com. By clicking Sign up, you agree to receive marketing emails from Insider Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. 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. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. Contacted by Reuters, a BlackRock spokesperson said: BlackRock is not buying single-family homes and is not competing with individuals to purchase houses in America.. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . Gates does own a lot of farmland. Gates does own a lot of farmland. By Jenna Hoffman July 5, 2022. The 2,100 acre potato farm adds to his massive portfolio of farm investments. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Why? The Guardian, 5 Apr. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. Eggs have become expensive and scarce in some parts of the country. Official: Michigan State gunman had note threatening 2 New Jersey schools. LIVE OAK, Fla. -- The investment company that manages the wealth of the world's richest man, Bill Gates, has been acquiring gobs of farmland in north Florida the past two years . But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. I have invested in these farms to make them more productive and create more jobs. No one but Bill Gates knows that answer. F' off Gates! 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 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. The transitional land he owns in Arizona is reportedly being built into a suburb. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. You're looking into Bill Gates' Red River Trust purchase of . As of the latest Rental Housing Finance Survey (2018), there were 19.955 million rental properties in the United States (bit.ly/3FdPtKZ), 17.16 million of them single unit rental properties (bit.ly/3KLCjWH). That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. 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. 33701 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. He has been buying thousands of acres across America. 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. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. Just over 70% of these were owned by individual investors. 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. 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. Gates' 242,000 acres amounts to about 0.03% of the total. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. Recently, Bill Gates has purchased 300,000 acres of farmland, you would think that buying all of the farmland would be bigger news than Elon Musk buying all of Twitter (here). Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. What does Weyerhaeuser have to do with Michigan? 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. 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. This material may not be reproduced without permission. The agriculture sector is important," Gates wrote. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). The Land Report found in 2021 that the Gateses had 242,000 acres of farmland, 1,234 acres of recreational land, and 25,750 acres of land in transition from farmland to residential and commercial use (think suburban development). 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. These claims are not true. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. Heres why.," Jan. 10, 2023. Michigan. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. Download free guide with advice for beginners. Who owns the most property in Detroit Michigan? In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. In the past, Gates has invested in companies developing artificial or plant-based alternatives to meat, and he is currently the countrys largest private farmland owner, according to The Land Report, a magazine that surveys the countrys largest landowners annually. The $13.5 million sale in November of roughly 2,100 acres in the northeast corner of the state was first sleuthed and reported by AgWeek's Mikkel Pates earlier this month. 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. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? Think about how much Bill Gates would have lost if he hadn't diversified in 1999. 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. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. Check out:How To Invest In Real Estate With $100. He has also been aproponent of chicken farming. Accessed 28 Apr. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. Since it works as an investment for him, it also includes the benefits of using land as an . Our only agenda is to publish the truth so you can be an informed participant in democracy. According to the Tri-City Herald, a 14,500-acre swath of choice eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. Many people wonder why Bill Gates would make these moves with his investment portfolio. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. It reported that as of 2022, Gates owned about 248,000 acres of farmland. By Rebecca . Stay up to date with what you want to know. With the Washington state acreage and other recent additions to his portfolio,. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Billionaire Bill Gates reportedly shopped for 'hundreds of acres of farmland' in Turkey while vacationing aboard a superyacht that emits an estimated 19 tons of CO2 a day before heading to the . In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. He's the new MacDonald: Bill Gates owns hundreds of thousands of acres across the United States including 242,000 acres of farmland making him the country's top agricultural landholder, according to Eric O'Keefe's The Land Report. Gates is just using farmland to make Agri-Tech and financial investments. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 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. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. 22. 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.". That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. 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 is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 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. 309. Across the nation, Gates' affiliates . NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). The . How Old Do I Have To Be To Go To A Strip Club In Michigan? One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. How can this inform our personal investment decisions? Deals are highly vetted with around a 1% acceptance rate, You pick and choose what specific farms you want to invest in, Investors do not have access to a secondary market yet, so you should be familiar with the time horizon. Some of the links on this site are affiliate links. Well, as with everything in life, there is always a trade-off especially in finance. 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. Accessed 28 Apr. Tue, Feb 28, 2023 LOGIN . Are you ready for alternative proteins made from a volcanic microbe? In January 2021, Bill Gates became the largest owner of farmland in the United States. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. 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. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Access your favorite topics in a personalized feed while you're on the go. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. a Reddit user asked. 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. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. 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. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. Louisiana is the top state. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. 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. Hes also written about the need for more ways to produce meat without depleting environmental resources. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. 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 figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. St. Petersburg, FL 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. His . He was right when he predicted the COVID-19 epidemic in 2015. 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. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Your membership is the foundation of our sustainability and resilience. 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). 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. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Gates is not the only billionaire on The Land Report 's list of top private farmland owners. What Returns Should You Expect From Farmland Investing? What special interest does Bill Gates have in farmland? Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. Former Microsoft CEO Bill Gates owns a majority of America's farmland. Why doesnt everyone just invest in farmland then? 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. to not use their land, is working towards their real agenda. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. 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. 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. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. Cascade Investment began purchasing farmland in significant strides in 2013. Gates does not own anywhere close to the majority of America's farmland. (AP). 2022. 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. Bill Gates reportedly owns more farmland than anyone else in the United States. 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. Gates does not own the majority of U.S. farmland. 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. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Perhaps history is repeating itself? 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.. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Report. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Infected flocks are culled to prevent the flu from spreading. Featured in the agricultural side of their plan is a strategy for subsistence farmers and other small-acre farms in Africa and the developing world education, resources, and layaway payment plans which can be used through smartphones. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. 2,167 acres. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . Youre not investing in a building that will decay over time, but the rich farmland itself. However, there are also countless farmland investing platforms gaining traction now too. Hearst Magazine Media, Inc. All Rights Reserved. Their low fees and competitive returns set them apart from many of the other platforms out there. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". 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. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. as well as other partner offers and accept our. 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 . It isless than .1% of all US farmland because the ownership is so diverse. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. 3. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Bill Gates does not own the majority of U.S. farmland. 2022. 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. (here) (here). The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. But these companies do not own a majority of U.S. single-family homes. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. This article Bill Gates Finally Explains Why He's Buying So Much U.S. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. Breitbart News previously reported that Gates is Americas largest private owner of farmland. 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. How old do you have to be to strip? "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?" Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. 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. . The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. 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. No, its the Roman Catholic Church. 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. While private companies and corporations are increasing . There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 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.

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