where is bill gates' farmland in michigan where is bill gates' farmland in michigan

Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. 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. 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. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Purchasing your own farm outright means that you are not diversified across many farms; just 1. In January 2021, Bill Gates became the largest owner of farmland in the United States. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. This isn't the first time Gates has called for higher taxes on the wealthy. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. 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. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Gates is just using farmland to make Agri-Tech and financial investments. Is Farmland Partners (FPI) A Good Investment? Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. 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.. Bill Gates, and the Chinese, are not just buying up farm land for that purpose. In a world of wild talk and fake news, help us stand up for the facts. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. Top editors give you the stories you want delivered right to your inbox each weekday. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. It has been very fulfilling for me and is my full time job," Gates continued. 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. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. 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.. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. 1995 - 2023 by Snopes Media Group Inc. Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. In fact, he reportedly owns more farmland than any other individual in America. Those people are upset, but there are others that are just livid about this.. I have invested in these farms to make them more productive and create more jobs. Other examples can be seen (here), (here). Who owns the most land in the world 2021? Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. 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. Oct 22, 2014. In reality, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. Gates is No. While Gates does not own the majority of U.S. farmland, he is the largest private farmland owner, according to The Land Report. TheNew York Post reportsthat public records recently cited by AgWeek reveal that an entity called Red River Trust with links to billionaire Bill Gates recently purchased 2,100 acres of potato farmland in northern North Dakota, prompting state officials to intervene after complaints from local residents. Farmland as an investment offers low volatility. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. According to a January 2021 article by The Land Report, Gates owned 242,000 acres of farmland through two investment management firms - Cottonwood Ag Management and Cascade Investment (here). 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. 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 . Who owns the most property in Detroit Michigan? Earlier this week,North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, stating that its corporations and LLCs were prohibited from owning or leasing farmland or ranchland in the state of North Dakota. Wrigley added that these entities were banned from engaging in farming or ranching.. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. Bill Gates Uses Farmland as an Investment Outlet Buying up Potato, Carrot and Onion Farms. NBC News, https://www.nbcnews.com/tech/tech-news/mcdonald-s-french-fries-carrots-onions-all-foods-come-bill-n1270033. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Bill Gates owns massive parcels of farmland. a Reddit user asked. Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . Sign up for notifications from Insider! In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. He was right when he predicted the COVID-19 epidemic in 2015. 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. The main factor driving the nationwide price hikes and supply shortages, according to the U.S. Department of Agriculture, is a U.S. avian influenza, or bird flu, outbreak. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. 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. The U.S. Federal Government. However, when you read between the lines with an objective and open mind, one can infer much. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. Costs are expected to fall in the coming weeks as egg-laying flocks are restored. The agriculture sector is important," Gates wrote. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 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. Access your favorite topics in a personalized feed while you're on the go. These allow investors to get stared with as little as $10,000. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. 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. So, what's the interest in farmland? By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. Washington, DC (Read more about our partnership with Meta, which owns Facebook and Instagram.). "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?" Bill Gates reportedly owns more farmland than anyone else in the United States. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. 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. to not use their land, is working towards their real agenda. - Farmland Riches where is bill gates' farmland in michigan. 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. 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 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. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Perhaps history is repeating itself? All rights reserved. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. We need your help. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Why Is Bill Gates Buying So Much Farmland? Why did he decide to buy in Amish Country? As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. Since his divorce, it is unclear how the assets were split up between the couple. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. Official: Michigan State gunman had note threatening 2 New Jersey schools. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. 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. 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). . These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. Gates farmland now totals 242,000 acres. 2,167 acres. The state is investigating the purchase of potato farmland by the Gates-linked trust, with the states Attorney General writing in a letter that it wasprohibited from owning or leasing farmland or ranchland in the state of North Dakota.. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. 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. The biggest chunks of Gates' holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlet's research found. 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 . Then, on Tuesday, the North Dakota attorney general's office sent a letter to the Red River Trust notifying a trustee, Peter Headley, of a Depression-era rule barring companies, LLCs, and trusts from farming and ranching activities in the state. It reported that as of 2022, Gates owned about 248,000 acres of farmland. Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. What special interest does Bill Gates have in farmland? All quotes delayed a minimum of 15 minutes. Our state produces about 75 percent of the nations tart cherry crop. Bill Gates Is the Biggest Private Owner of Farmland in the United States. He has been buying thousands of acres across America. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. 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. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. He has also been aproponent of chicken farming. 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. 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. Read also:Which Billionaire Owns The Most Land In The U.S.? Your membership is the foundation of our sustainability and resilience. 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. Now Chinese companies and businessmen are planning to make their home in the United States. 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. How old do you have to be to strip? 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. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. The transitional land he owns in Arizona is reportedly being built into a suburb. 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. 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. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. The. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. He responded that it was a decision his investment group made. 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. 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.. As per the report, the Gates have their own land in at least 18 American states. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. Click here to view current offerings on AcreTrader! Which Billionaire Owns The Most Land In The U.S.? Northern Kansas land sale averages $3,500 per acre. Does this investment say anything about the state of the. By clicking Sign up, you agree to receive marketing emails from Insider 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 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. The figure is far below the total area of U.S. farmland. 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). Our only agenda is to publish the truth so you can be an informed participant in democracy. The old saying about land is they aren't making any more of it. Supply and demand? In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. You're looking into Bill Gates' Red River Trust purchase of . 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. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S.