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. Microsoft co-founder Bill Gates is America's top private farmland owner. 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. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. More than 58 million birds in hundreds of commercial and backyard flocks have been affected since the bird flu outbreak began in February 2022, the Agriculture Department estimated. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. No, its the Roman Catholic Church. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. F' off Gates! As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. You can find his previous stuff at Gizmodo and Paste if you look hard enough. Since his divorce, it is unclear how the assets were split up between the couple. They ripen in late July and early. 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. Infected flocks are culled to prevent the flu from spreading. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. "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?" 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. According to the Tri-City Herald, a 14,500-acre swath of choice eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. Sign up for notifications from Insider! According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. 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. 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. Farmland originally appeared on Benzinga.com. 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. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. Bill Gates purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week. Bill Gates As of 2020, industry reports show he owned about 0.027% of U.S. farmland. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. He has also been aproponent of chicken farming. 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. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. 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%. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. 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 America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. The figure is far below the total area of U.S. farmland. Gates does not own anywhere close to the majority of America's farmland. 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. 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. Gates' 242,000 acres amounts to about 0.03% of the total. Neither of these are a perfect option. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. 2 min read Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all. There were 895.3. Why Is Bill Gates Buying So Much Farmland? 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. What Part Of Michigan Is Considered The Upper Peninsula? 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. Suggests virologists death is linked to COVID-19 vaccines. During his 11th appearance in the "Ask Me Anything" . Bill Gates does not own the majority of U.S. farmland. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Another meme circulating online reads: Bill Gates is buying all the farmland. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. I had heard this in the past, but didn't give it much thought. - Farmland Riches where is bill gates' farmland in michigan. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Oftentimes, those fingers get pointed at Gates. Accessed 28 Apr. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. 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. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. 2022. Access your favorite topics in a personalized feed while you're on the go. as well as other partner offers and accept our. Where farmland differs from other alt assets is that because its such a crucial human resource (food = humans), in less-than-desirable economic situations, farmland tends to appreciate even further in value, as opposed to losing value (I.E., during a dreaded stock market crash). Gates does not own the majority of U.S. farmland. 20006, Florida Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. 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. 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.. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. 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. Northern Kansas land sale averages $3,500 per acre. Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. According to lovemoney.com, the church owns more than 70 million hectares. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. The Justice Department has been calling parents that are concerned about what their kids are being taught, they are labeling them terrorists., Sen. Marco Rubio signed a 2021 letter that supports waivers that would reduce visual track inspections.. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. By clicking Sign up, you agree to receive marketing emails from Insider Many people wonder why Bill Gates would make these moves with his investment portfolio. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Donald Trump is back on Twitter, thanks to Elon Musk. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. 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. The controversy over Bill Gates becoming the largest private farmland owner in the US People are drawing connections between Gates's vast farmlands and climate change advocacy. Sign up for notifications from Insider! 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. "I've gotten a big earful on this from clear across the state, it's not even from that neighborhood," Doug Goehring, the state's agricultural commissioner, told a local NBC affiliate this week. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 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. 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. I have written several articles on postings related to Big Tech, Social Media and Corporations. One main benefit to alt assets especially for those whore heavily invested in the stock market is you can diversify your overall investment portfolio outside the NYSE/NASDAQ.