American Homes 4 Rent holds around 57,024 single-family properties (here). 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. 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. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. 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. Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. 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. Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. "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?" The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. 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. I have invested in these farms to make them more productive and create more jobs. 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). In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Farmland in am. 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. . The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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). Gates does own a lot of farmland. 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. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Is Farmland Partners (FPI) A Good Investment? You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. 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. 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. Why? Other factors are pandemic-related supply chain issues andholiday demand. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Why did he decide to buy in Amish Country? Farmland originally appeared on Benzinga.com. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Digital IDs were given to residents in East Palestine, Ohio, to track long term health problems like difficulty breathing before the Feb. 3 train derailment. While private companies and corporations are increasing their ownership of U.S. homes, BlackRock, through its investments, does not own a majority of single-family homes. 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). He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Farmland, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. Who is the largest farmer in the United States? Today, Bill Gates owns 242,000 acres of farmland in 19 states. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. There were 895.3. 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. Nebraska has the third-most Gates-owned farmland in the nation. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. As reported by Bloomberg . He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Benzinga does not provide investment advice. 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. As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. 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). Are you ready for alternative proteins made from a volcanic microbe? What Land Does Bill Gates Own In Michigan? 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. 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. Some of the links on this site are affiliate links. The Land Reportmagazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Northern Kansas land sale averages $3,500 per acre. 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. Microsoft co-founder Bill Gates is America's top private farmland owner. Cascade Investment began purchasing farmland in significant strides in 2013. 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. Download free guide with advice for beginners. to not use their land, is working towards their real agenda. (here) (here). The U.S. Federal Government. 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. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Though the Gates Foundation has spent so much time and resources on helping humanity more than any other private entity in history the sheer power their enterprise wields has drawn the attention and fear of many. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. 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. His . Don't miss real-time alerts on your stocks - join Benzinga Pro for free! 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. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. 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. 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. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. I have invested in these farms to make them more productive and create more jobs. Stay up to date with what you want to know. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. Check out current deals on AcreTrader now! Eggs have become expensive and scarce in some parts of the country. 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. Bill Gates By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. It is not connected to climate. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. Our only agenda is to publish the truth so you can be an informed participant in democracy. So, what's the interest in farmland? 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. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. 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. Gates does not own the majority of U.S. farmland. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. (here). 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. The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Click here to view current offerings on AcreTrader! The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. In fact, he reportedly owns more farmland than any other individual in America. Former Microsoft CEO Bill Gates owns a majority of America's farmland. "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. 3. 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). 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. as well as other partner offers and accept our. The major cash crops are field beans, sugar beets, corn and wheat. 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). 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. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. By clicking Sign up, you agree to receive marketing emails from Insider
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