Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. Former Microsoft CEO Bill Gates owns a majority of America's farmland. Since it works as an investment for him, it also includes the benefits of using land as an . 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 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. All rights reserved. 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. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Check out:How To Invest In Real Estate With $100. Hearst Magazine Media, Inc. All Rights Reserved. Tue, Feb 28, 2023 LOGIN . Any why now after years of massive success? Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. 2021. Using those figures, Gates would own about 0.027% of U.S. farmland. Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. He responded that it was a decision his investment group made. This isn't the first time Gates has called for higher taxes on the wealthy. 801 3rd St. S Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. This article Bill Gates Finally Explains Why He's Buying So Much U.S. There are 94.6 million single-family houses in the United States, according to the latest data available from the U.S. Census Bureau American Housing Survey (2019) (bit.ly/3seI7kV). Perhaps history is repeating itself? Bill Gates (AP Images) Bill Gates is buying up America's farmland. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. 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. 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). On social media, we found people claiming, for example, that Gates owns the "majority" of U.S. farmland -- 80%, they claimed -- and that Gates is trying to buy up "all" of the farmland. Gates is No. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. 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.. According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. Bill Gates investments in farmland can be seen as part of this trend. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. This is because of more intense seasons of drought and rain. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Who is the largest farmer in the United States? I had heard this in the past, but didn't give it much thought. 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. 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. 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. 2023 Benzinga.com. Hint, It's Not Bill Gates. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Stay up to date with what you want to know. (Read more about our partnership with Meta, which owns Facebook and Instagram.). 41 on The Land Report's 2022 list of Americans who own the most land. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. In fact, he reportedly owns more farmland than any other individual in America. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. "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. 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. Is Gladstone Land Corp (LAND) A Good Investment? 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. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. 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. While private companies and corporations are increasing . By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. Click here to view current offerings on AcreTrader! What is the most profitable crop in Michigan? While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. 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. 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.
Bill Gates, Sustainable Agriculture Champion, Is America's Biggest Today, Bill Gates owns 242,000 acres of farmland in 19 states. BlackRock is a shareholder in both companies (here) (here). Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? 309. Farmland originally appeared on Benzinga.com. Representatives for Gates did not immediately respond to messages from Insider requesting comment. 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. 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. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. 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. Across the nation, Gates' affiliates . 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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. News reports from the last several years suggest that Gates has at different times invested in start-ups focused on developing artificial or plant-based alternatives to meat, such as Natures Fynd, Hampton Creek, Memphis Meats, Beyond Meat and Impossible Foods.
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.
Heineken accused of secretly shipping adrenochrome in kegs after Bill 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. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . 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. Climate Connection. 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 . 22. In a world of wild talk and fake news, help us stand up for the facts. By clicking Sign up, you agree to receive marketing emails from Insider Washington, DC These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. In the wake of this uncertainty, unfounded rumors began to spread that attempted to lay the blame for any coming food shortages on nefarious forces. 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. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. 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. How old do you have to be to strip? Our only agenda is to publish the truth so you can be an informed participant in democracy. Table of Contents show to not use their land, is working towards their real agenda. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. While many have also speculated that Gates' land purchases were in some way related to his efforts to curb climate change, Gates has said that the two are unrelated. Snopes and the Snopes.com logo are registered service marks of Snopes.com. Bill Gates buys farmland in Amish Country. During times of uncertainty, people often look for someone to blame, and peddlers of misinformation are quick to tell others at whom they should be pointing their fingers.
Bill Gates is the biggest private owner of farmland in the United The North Dakota purchase would put those total holdings at more than 270,000 acres, though it's not clear how the property is being divided following Gates and French Gates' divorce last year. Estes, Nick.
Bill Gates's Plan to Destroy Animal Agriculture | National Review All quotes delayed a minimum of 15 minutes. In fact, he reportedly owns more farmland than any other individual in America. Although Gates owns these farms, he isnt changing their practices. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres .
Bill Gates' North Dakota Land Purchase Sparks Questions Online - Newsweek As reported by Bloomberg . 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). 3. 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. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". 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. What Returns Should You Expect From Farmland Investing? And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. He recently tried to explain why, and it was a little hard to follow. Suggests virologists death is linked to COVID-19 vaccines. #1.
Why Is Bill Gates Buying Farmland? You'll be Surprised In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005.
Why Bill Gates is the largest private farmland owner in the United In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Business entities have, however, been increasing their presence as owners of rental properties. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Read more about our work to fact-check social media posts here .
Bill and Melinda Gates own 70,000 acres of Louisiana farmland; what