Hearst Magazine Media, Inc. All Rights Reserved. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. Why Bill Gates Is Investing Big Time In Farmland Across Washington And 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. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . How Old Do I Have To Be To Go To A Strip Club In Michigan? More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Cascade Investment began purchasing farmland in significant strides in 2013. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Bill Gates does not own the majority of U.S. farmland. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. In the past 20 years, the foundation has grown to hold over $48 billion. Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. 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. While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. Bill Gates Attempts to Explain Why He Bought More Farmland - Futurism 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. 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. Bill Gates Is the Biggest Private Owner of Farmland in the United States. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Is Farmland Partners (FPI) A Good Investment? An archived version of the tweet can be found (archive.ph/8Tq36). The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. 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. There are 94.6 million single-family houses in the United States, according to the latest data available from the U.S. Census Bureau American Housing Survey (2019) (bit.ly/3seI7kV). Heres why. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. Bill Gates owns massive parcels of farmland. It's not part of his plans How much land does Russia own in the United States? How Much Land Does Bill Gates Own? | askBAMLand Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Bill Gates Is Buying Up American Farmland. But Why? Why Is Bill Gates Buying So Much Farmland? 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. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. 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. Who is the largest landowner in the world? It's not part of his plans to save the planet. Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Bill and Melinda Gates own 70,000 acres of Louisiana farmland; what Bill Gates gobbling up Florida farmland | News | sharonherald.com Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 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. He recently tried to explain why, and it was a little hard to follow. 1995 - 2023 by Snopes Media Group Inc. Infected flocks are culled to prevent the flu from spreading. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. How long is it from Michigan to Detroit? Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. 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. 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. Download free guide with advice for beginners. 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. Perhaps history is repeating itself? Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. Where Does Bill Gates Own Land In Montana? - PartyShopMaine Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Where did Gates buy farmland? | Dependable NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. Our only agenda is to publish the truth so you can be an informed participant in democracy. Benzinga does not provide investment advice. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Breitbart News previously reported that Gates is Americas largest private owner of farmland. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Accessed 28 Apr. Michigan - 2,167 acres; Mississippi - 16,963 acres; Nebraska - 20,588 acres; New Mexico - 1 acre; North Carolina - 874 . Bill Gates Is America's Largest Private Owner of Farmland - Breitbart 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. 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. 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. 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. This is because of more intense seasons of drought and rain. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. In fact, he reportedly owns more farmland than any other individual in America. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio According to lovemoney.com, the church owns more than 70 million hectares. Bill Gates Finds Farmland To Be One Hot Commodity Which Billionaire Owns The Most Land In The U.S.? Bill Gates' North Dakota Farmland Purchase Approved by the - AgWeb Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. These allow investors to get stared with as little as $10,000. "Those people are upset, but there are others that are just livid about this.". By clicking Sign up, you agree to receive marketing emails from Insider Bill Gates now the biggest owner of farmland in the US The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. 2,167 acres. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. F' off Gates! Gates owns less than 1% of the nations farmland. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. as well as other partner offers and accept our. Climate Connection. What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: 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?, He responded, I own less than 1/4000 of the farmland in the US.