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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. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. Gates does own a lot of farmland. St. Petersburg, FL Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. What does Weyerhaeuser have to do with Michigan? This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. 54. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. Perhaps Bill Gates is looking to test out his GMO seeds. Why am I just learning about this NOW?. District of Columbia 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. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. False. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. The 2,100 acre potato farm adds to his massive portfolio of farm investments. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. Read more about our work to fact-check social media posts here . 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. By clicking Sign up, you agree to receive marketing emails from Insider Gates is No. Our state produces about 75 percent of the nations tart cherry crop. 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. Hes also written about the need for more ways to produce meat without depleting environmental resources. This material may not be reproduced without permission. Well, as with everything in life, there is always a trade-off especially in finance. Why? The Guardian, 5 Apr. Who is the largest farmer in the United States? Farmland in am. Does this investment say anything about the state of the. For context, Invitation Homes and American Homes 4 Rents combined homes would be less than 1% of the 17.16 million homes, if total housing numbers stayed the same in the last three years. Access your favorite topics in a personalized feed while you're on the go. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . Their low fees and competitive returns set them apart from many of the other platforms out there. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. 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). The Detroit Land Bank Authority (DLBA) is a public authority that owns and manages approximately 100,000 parcels of property in the City of Detroit making it the citys largest landowner.Detroit Land Bank Authority. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. Over time, Gates sold personal stock in Microsoft and. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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. 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. 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. 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 currently owns over 268,000 acres of American farmland spread out over 19 states. See here for a complete list of exchanges and delays. Other examples can be seen (here), (here). The figure is far below the total area of U.S. farmland. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Why? This article Bill Gates Finally Explains Why He's Buying So Much U.S. "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. However, there are also countless farmland investing platforms gaining traction now too. 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. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. How Old Do I Have To Be To Go To A Strip Club In Michigan? February 27, 2023, 11:49 AM. Download free guide with advice for beginners. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. 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. Eggs have become expensive and scarce in some parts of the country. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. 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). Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. Business entities have, however, been increasing their presence as owners of rental properties. By Jenna Hoffman July 5, 2022. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. Stay up to date with what you want to know. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. How Long Can You Be Held Without Bond In Michigan? Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. There were 895.3. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. 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. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. These allow investors to get stared with as little as $10,000. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Reuters traced the figure cited by social media posts as the number of acres owned by Bill Gates to The Land Report, which reports on major land ownership in the United States. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Check out:How To Invest In Real Estate With $100. Or, have more control over the resources we all use and need. Breitbart News previously reported that Gates is Americas largest private owner of farmland. This isn't the first time Gates has called for higher taxes on the wealthy. 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. BlackRock is a shareholder in both companies (here) (here). 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. 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. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. 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. According to OKeefe, Gates isnt the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. Just over 70% of these were owned by individual investors. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. The major cash crops are field beans, sugar beets, corn and wheat. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Louisiana is the top state. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres . Why Bill Gates Is Investing In Chicken-Less Eggs, Memphis Meats raised $161 million to grow meat from cells, Bill Gates and Richard Branson backed a food startup which grows meat in labs, How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds', Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers, How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates. 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. 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. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. 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. China has steadily accumulated U.S. Treasury securities over the last few decades. To better understand these questions, it's helpful to review Bill Gates' financial decision through the years, especially as it relates to Microsoft, Cascade Investments, and The Bill and Melinda Gates Foundation. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Talk about big bets. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? a Reddit user asked. 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. Gear-obsessed editors choose every product we review. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions." Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. 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). These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Infected flocks are culled to prevent the flu from spreading. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Climate Connection. 801 3rd St. S Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . "Those people are upset, but there are others that are just livid about this.". 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. It was a cold January day in 2021 when Eric O'Keefe, editor and founder of The Land Report, walked up to the podium at the Land Expo in Iowa and announced Bill Gates as America's largest individual farmland owner.He learned this after investigating Gates' purchase of the 100 . Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable, nourishing food for future generations In a world of wild talk and fake news, help us stand up for the facts. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Sign up for notifications from Insider! Breitbart News reporter Alana Mastrangelo wrote: Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report.