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. Gates does own a lot of farmland. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. Lower-than-usual egg inventories near the end of the year, when demand is up from holiday baking, resulted in several successive weeks of record-high egg prices, the department said. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Gates does not own anywhere close to the majority of America's farmland. By clicking Sign up, you agree to receive marketing emails from Insider Gates' interest in farmland is still strong. Bill Gates just bought almost 3,000 more acres of farmland in North Dakota, a purchase that was eventually cleared by the North Dakota Attorney General even though it raised numerous questions about his intentions and why he has been buying up over a hundred thousand acres of American farmland. The figure is far below the total area of U.S. farmland. 54. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). Who owns the most land in the world 2021? Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. However, when you read between the lines with an objective and open mind, one can infer much. Gates appears to be pro-chicken farming. 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. 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. Are you ready for alternative proteins made from a volcanic microbe? This article will go into detail about how much land Bill Gates owns and why he owns so much. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 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. What Land Does Bill Gates Own In Michigan? In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Gear-obsessed editors choose every product we review. As per the report, the Gates have their own land in at least 18 American states. 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. 2023 Benzinga.com. North Dakota officials have questions and residents are furious about a major land grab by a trust linked to billionaire and anti-meat zealot Bill Gates, the nation's biggest owner of farmland. Infected flocks are culled to prevent the flu from spreading. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. Other examples can be seen (here), (here). Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. 22. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. Some of the biggest critics of Gates have deemed his philanthropy as a budding technocracy a tyranny of experts that both centralizes power into a private corporations interests. Or, have more control over the resources we all use and need. 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. He responded that it was a decision his investment group made. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. The major cash crops are field beans, sugar beets, corn and wheat. Egg prices havent come down with inflation. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. However, there are also countless farmland investing platforms gaining traction now too. Bill Gates investments in farmland can be seen as part of this trend. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. .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. I had heard this in the past, but didn't give it much thought. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. ", Gates responded at the time, "My investment team bought the farmland. 33701 In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Read also:Which Billionaire Owns The Most Land In The U.S.? But these land holdings account for only a tiny share of the countrys total farmland. Estes, Nick. You're looking into Bill Gates' Red River Trust purchase of . 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. China has steadily accumulated U.S. Treasury securities over the last few decades. a Reddit user asked. They ripen in late July and early. 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? Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. Now Chinese companies and businessmen are planning to make their home in the United States. Some of the links on this site are affiliate links. Gates does own a lot of farmland. Please let us know if you're having issues with commenting. Eggs have become expensive and scarce in some parts of the country. 1800 I Street NW It is not connected to climate. 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). 41 on The Land Report's 2022 list of Americans who own the most land. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Gates and his wife own 269,000 acres of farmland. 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.. If Not for Climate, Then Why Is Bill Gates Buying so Much Farmland? AFN, 27 Aug. 2021, https://agfundernews.com/gates-if-not-for-climate-then-why-is-bill-buying-up-so-much-farmland. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. 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. This is especially helpful if, say, the stock market crashed, and you had a more aggressive stock portfolio (or any large stake in stock at all). Table of Contents show Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. By Jenna Hoffman July 5, 2022. Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Oversight. 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.. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. Talk about big bets. 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 is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. No one but Bill Gates knows that answer. 2,167 acres. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. The Gates have been quietly acquiring farmland through their investment manager, Cascade Investment, for over 10 years. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. By clicking Sign up, you agree to receive marketing emails from Insider NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. He recently tried to explain why, and it was a little hard to follow. 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. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. However, Microsoft wasn't Bill Gates' only successful venture. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Cascade Investment began purchasing farmland in significant strides in 2013. 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. In April 2022, researchers warned about the potential risk of a global food shortage, spurred on in part by Russia's ongoing attacks on Ukraine. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. This isn't the first time Gates has called for higher taxes on the wealthy. What Asset Class Is Farmland Considered To Be? Farmland as an investment offers low volatility. In April 2022, conspiracy theorists insinuated that billionaire Bill Gates was buying up "the majority" of American farmland as part of a diabolical plot to cause widespread food shortages. Our only agenda is to publish the truth so you can be an informed participant in democracy. 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.