for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Stay up to date with what you want to know. Gear-obsessed editors choose every product we review. Since his divorce, it is unclear how the assets were split up between the couple. 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. Sign up for notifications from Insider! In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Northern Kansas land sale averages $3,500 per acre. This isn't the first time Gates has called for higher taxes on the wealthy. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 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. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became. By clicking Sign up, you agree to receive marketing emails from Insider Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. 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 . Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. 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. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Nebraska has the third-most Gates-owned farmland in the nation. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. 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. (here). Bill Gates buys farmland in Amish Country. 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. (here) (here). 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. Louisiana is the top state. 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.. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Across the nation, Gates' affiliates . American Homes 4 Rent holds around 57,024 single-family properties (here). where is bill gates' farmland in michigan - ccecortland.org His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. (AP). It is not connected to climate. 801 3rd St. S How Much Land Does Bill Gates Own? | askBAMLand The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. 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. Mar 4, 2009. 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. Gates' interest in farmland is still strong. He recently tried to explain why, and it was a little hard to follow. Partnering with Monsanto to create these super seeds is also part of the plan. Their low fees and competitive returns set them apart from many of the other platforms out there. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. You can find his previous stuff at Gizmodo and Paste if you look hard enough. 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. Bill Gates owns a lot of farmland. | Iowa Hawkeyes fan forums - Go Iowa "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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Gates appears to be pro-chicken farming. Does Michigan Allow Personal Tax Exemptions? 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. 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. 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. Charlie Kirk EXPOSES Shocking, Highly Worrisome Reason Why Bill Gates The 2,100 acre potato farm adds to his massive portfolio of farm investments. Suggests virologists death is linked to COVID-19 vaccines. Or, have more control over the resources we all use and need. Gates said during a Reddit AMA: My investment group chose to do this. Gates and his wife own 269,000 acres of farmland. Bill Gates-Linked Trust Probed For Buying Up Farmland In North Dakota Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. 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. Eggs have become expensive and scarce in some parts of the country. Where Does Bill Gates Own Farmland in the US. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Why Is Bill Gates Buying So Much Farmland? 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. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that farmland returns historically out performs most other investment vehicles, and is also comparatively the least volatile asset among the bunch. Photo of electric charging station powered by diesel generator is emblematic of the electric vehicle movement. Nov 14, 2022. 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. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. 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 tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The REAL reason Bill Gates is buying US land. Hint, It's Not Bill Gates. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions." Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. His idea, like many others, was to diversify his investments across different asset classes. In fact, Gates is the owner of over. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. Infected flocks are culled to prevent the flu from spreading. Some of the links on this site are affiliate links. To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. 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). By clicking Sign up, you agree to receive marketing emails from Insider North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Heres why. China has steadily accumulated U.S. Treasury securities over the last few decades. Read more about our work to fact-check social media posts here . 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. Does Bill Gates Own the Majority of US Farmland? - Snopes 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. Amazing, if truebut its extremely not. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Read also:Which Billionaire Owns The Most Land In The U.S.? Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! Since it works as an investment for him, it also includes the benefits of using land as an . Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. 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. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. 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. Report: Bill Gates is largest owner of private farmland in U.S., with 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. Hint, It's Not Bill Gates, Bezos-Backed Startup Lets You Become A Landlord With $100, Try the tool that will help you invest smarter, faster, and better, Bill Gates Finally Explains Why He's Buying So Much U.S. St. Petersburg, FL Recently, NBC News reported that Bill Gates along with his estranged wife Melinda Gates had acquired more than 269,000 acres of farm in the United States in the past 10 years. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. No one but Bill Gates knows that answer. You're looking into Bill Gates' Red River Trust purchase of . 1995 - 2023 by Snopes Media Group Inc. 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. . 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. 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. According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate value s nationwide increased 7% from 2020 to $3,390 per acre. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. 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. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Real estate investors overall have also been increasingly targeting single-family homes. 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. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. The other major crops oats and forages are mostly fed to livestock on farms in the area. Owning farmland is one of the most prudent financial investments to make now. Well, as with everything in life, there is always a trade-off especially in finance. Whose land is it anyway? Farmers, billionaires - Michigan Farm News Bill Gates is America's biggest farmer, his 269000 acres farmland grows Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Since its IPO in 1985, Microsoft has seen continual success. 2022. Hes also written about the need for more ways to produce meat without depleting environmental resources. Donald Trump is back on Twitter, thanks to Elon Musk. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade.
How Much Difference Is Half A Shoe Size Uk, Which Of The Following Is Not True Of Synovial Joints?, Mohamed Salah Net Worth 2021, 97 Rock Personalities, Articles W