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. Gates has been asked about his farmland purchases before. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. But these companies do not own a majority of U.S. single-family homes. Official: Michigan State gunman had note threatening 2 New Jersey schools. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. February 27, 2023, 11:49 AM. 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. Gates private office, Gates Ventures, told PolitiFact this claim is false. Using those figures, Gates would own about 0.027% of U.S. farmland. His idea, like many others, was to diversify his investments across different asset classes. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. 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. 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. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Pregnancy tests include a hidden Plan B pill. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. 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. During his 11th appearance in the "Ask Me Anything" . Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. 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. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. What they are doing locking up land, not just private land, but in Wilderness Areas, National anything to do with land, Conservation programs that literally pay farmers, dairymen, etc. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. 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. 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. Bill Gates owns massive parcels of farmland. 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. 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. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Microsoft co-founder Bill Gates is America's top private farmland owner. 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 and his wife, Melinda, own 242,000-acres across the U.S., according to The Land Report.. Gates' farmland includes 69,071-acres in Louisiana, 47,927-acres in Arkansas, 25,750-acres in Arizona, and 20,588 in Nebraska, and property in 14 other states, the magazine reported. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Conspiracy theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. in order to starve Americans for an unknown reason, Snopes said, after researchers said in. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Gates does not own anywhere close to the majority of America's farmland. Other examples can be seen (here), (here). as well as other partner offers and accept our. Over time, Gates sold personal stock in Microsoft and. However, when you read between the lines with an objective and open mind, one can infer much. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. No one but Bill Gates knows that answer. While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Across the nation, Gates' affiliates . The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. As reported by Bloomberg . Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Many people wonder why Bill Gates would make these moves with his investment portfolio. 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. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Who owns the most land in the world 2021? Trump killed them., The Kansas City Chiefs Super Bowl win has been put on hold as NFL plans to launch an investigation on possible (performance-enhancing drug) use by Patrick Mahomes during halftime.. 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. Who knows. What Asset Class Is Farmland Considered To Be? 2,167 acres. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. He was right when he predicted the COVID-19 epidemic in 2015. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. a Reddit user asked. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. 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. Michigan. Their low fees and competitive returns set them apart from many of the other platforms out there. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Stay up to date with what you want to know. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. 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. How Many Hours Is It From Detroit To Michigan? Just over 70% of these were owned by individual investors. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . Mar 4, 2009. 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. Gates farmland now totals 242,000 acres. Gear-obsessed editors choose every product we review. We invest in the farms to raise productivity. In January 2021, Bill Gates became the largest owner of farmland in the United States. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Why? He also reportedly owns about 16,000. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. It reported that as of 2022, Gates owned about 248,000 acres of farmland. False. 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. Click here to view current offerings on AcreTrader! (here). 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 . While there are currently no nationwide food shortages in the United States, nor widespread disruptions in the supply chain, the potential of such shortages caused many people to feel that their food security was suddenly uncertain. How many farms Does Bill Gates Own? I had heard this in the past, but didn't give it much thought. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. Sign up for notifications from Insider! Your membership is the foundation of our sustainability and resilience. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Washington, DC 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. 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. Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18-states. 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. 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. Gates does own a lot of farmland. Agfundernews.com, a website about agricultural investments, reported in 2021 that Gates' investments were part of a broader trend that started after the financial crisis of 2008, as investors looked for reliable returns. Infected flocks are culled to prevent the flu from spreading. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. This is a sponsored promotion for the AcreTrader platform. 1800 I Street NW 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.. (here). 3. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. The total portfolio of farmland is worth well over $700 million. Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs 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. There were 895.3. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. Essentially, by year 2030, the estimated results of what carbon emissions (and their, Eradicate major diseases such as polio, malaria, and HIV, Reduce child death by half across the developing countries in Africa, Educate and empower small-holder farmers through mobile banking, Featured in the agricultural side of their plan is a strategy for. Climate Connection. 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. How Long Can You Be Held Without Bond In Michigan? Gates does own a lot of farmland. 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. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. 2022. 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. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Stay up to date with what you want to know. Bill and Melinda released their latest initiative, Bill Gates Big Bet, where the Foundation states theyre betting on the major success of developing nations within the next 15 years, hoping to see more improvement than at any time in history. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. The U.S. Federal Government. The . Bill Gates does not own the majority of U.S. farmland. "It is not connected to climate. 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. 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. 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. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Why Bill Gates Keeps Buying Up So Much Farmland, 60 Scientists Are Trying to Block the Sun, Your Privacy Choices: Opt Out of Sale/Targeted Ads. The cost of chicken has also gone up, although not as drastically. Former Microsoft CEO Bill Gates owns a majority of America's farmland. In the past 20 years, the foundation has grown to hold over $48 billion. Owning farmland is one of the most prudent financial investments to make now. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report.
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