These posts were flagged as part of Instagrams efforts to combat false news and misinformation. a Reddit user asked. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. By Dec. 31, 2022, the Agriculture Department reported 43 million egg-laying hens had died because of the disease or depopulation. It's hard to visualize just how much land 242,000 acres amounts to unless . Who knows. According to lovemoney.com, the church owns more than 70 million hectares. 28. Gates appears to be pro-chicken farming. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. With over 242,000 acres of farmland, Bill Gates is America's biggest farmland owner, and his ownership may be connected to climate change and plant-based meat substitutes. Benzinga does not provide investment advice. Today, Bill Gates owns 242,000 acres of farmland in 19 states. How long is it from Michigan to Detroit? 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 . A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. 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. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Why am I just learning about this NOW?. 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. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . Since its IPO in 1985, Microsoft has seen continual success. 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. We need your help. 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 . 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. Gates has been asked about his farmland purchases before. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much 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. Does Michigan Allow Personal Tax Exemptions? 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. Business entities have, however, been increasing their presence as owners of rental properties. Suggests virologists death is linked to COVID-19 vaccines. American Homes 4 Rent holds around 57,024 single-family properties (here). (here) (here). Stay up to date with what you want to know. Since it works as an investment for him, it also includes the benefits of using land as an . 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 . What does Weyerhaeuser have to do with Michigan? Many people wonder why Bill Gates would make these moves with his investment portfolio. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. It reported that as of 2022, Gates owned about 248,000 acres of farmland. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. Oftentimes, those fingers get pointed at Gates. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. Heres why.," Jan. 10, 2023. We may earn commission if you buy from a link. Which Billionaire Owns The Most Land In The U.S.? A 2021 report published by the U.S. Department of Agriculture (USDA) said there were 895,300,000 acres of farmland in the United States. 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. 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). So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. Chicken nuggets and cream cheese grow in trays in a South Side lab. Bill Gates does not own the majority of U.S. farmland. 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. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). How old do you have to be to strip? He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. 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. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. 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 . Download free guide with advice for beginners. Why did he decide to buy in Amish Country? 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. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. The transitional land he owns in Arizona is reportedly being built into a suburb. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. Bill Gates does not own the majority of U.S. farmland. 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). Gates does own a lot of farmland. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. 3. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. 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. 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. 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. What Returns Should You Expect From Farmland Investing? Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. 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. 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. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. 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. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. According to a 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the United States. Top editors give you the stories you want delivered right to your inbox each weekday. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. 41 on The Land Report's 2022 list of Americans who own the most land. Gates is just using farmland to make Agri-Tech and financial investments. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Bill Gates (AP Images) Bill Gates is buying up America's farmland. 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). The figure is far below the total area of U.S. farmland. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Why Is Bill Gates Buying So Much Farmland? Bill Gates Is the Biggest Private Owner of Farmland in the United States. Accessed 28 Apr. This article will go into detail about how much land Bill Gates owns and why he owns so much. 33701 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. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. 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. Investors from the Netherlands own 33% of that land with Canadians owning 25%. 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. "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. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. Sign up for notifications from Insider! 309. False. In fact, he reportedly owns more farmland than any other individual in America. It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Who owns the most farm ground in the US? What Land Does Bill Gates Own In Michigan? NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. 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. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Bill Gates owns massive parcels of farmland. How can this inform our personal investment decisions? (AP). 2,167 acres. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. 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. Real estate investors overall have also been increasingly targeting single-family homes. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. False. Hes the largest landowner in the United States. 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. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. So, what's the interest in farmland? 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. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. No one but Bill Gates knows that answer. There were 895.3. Bill Gates buys farmland in Amish Country. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . It is not connected to climate. As unfounded rumors related to the cause of a yet-to-happen food crisis circulated online, many people started to point fingers at a favorite target of conspiracy theorists, former Microsoft CEO Bill Gates. 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. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. 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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. These claims are not true. 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%. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Gates' interest in farmland is still strong. Estes, Nick. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres . the Gates Foundation answers the top ten questions they received, and they admitted that they didnt think it was fair that their family had so much global influence. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Pregnancy tests include a hidden Plan B pill. 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. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%.
Victor Mohica Cause Of Death,
What Time Does Chris Stapleton Go On Stage Tonight,
David Branson Smith,
Houston High School Basketball Coach,
Lamborghini Aventador Svj 0 100 Mph,
Articles W