Bill Gates does not own the majority of U.S. farmland. 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. Credit Chris Janiec at Agri Investor for this eagle-eyed investigating. Does Bill Gates Own the Majority of US Farmland? | Snopes.com The farm was subsequently sold to AgCoA, which was acquired by the Canada Pension Plan Investment Board. How can this inform our personal investment decisions? Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. In 2018, when 100 Circles sold, it was even better. Nebraska has the third-most Gates-owned farmland in the nation. Any historical returns, expected returns, or probability projections are forward looking statements and may not reflect actual future performance. Report: Bill Gates is largest owner of private farmland in U.S., with Investors generally are nevertheless buying an increasing share of the U.S. housing market. In its review, the Midwest Center found that Baloo Enterprises LLC purchased: 1,926.3 acres of farmland in Douglas County for at least $19,694,096 between 2016 and 2019. However, these are just estimations. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. At current valuations, its one of the nations best farmland opportunities. This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. Corporations own the other 3% and rent land or buy many of the crops owned by the 97%. buying an increasing share of the U.S. housing market. I scanned the headline for the umpteenth time and then read and reread the pertinent details. Their low fees and competitive returns set them apart from many of the other platforms out there. The Land Report tracks numerous Louisiana landowners; Angelina Agriculture is not one of them. Bill and Melinda Gates. This private U.S. farmland REIT was a joint venture between Duquesne Capital Management and Goldman Sachs that launched in 2007. Are you interested in investing in farmland? Strike two. THE FACTS: As Elon Musks bid to purchase Twitter has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. New technologies must be developed to give more sustenance to land that we farm to keep it sustainable. While Gates appears . US generated 91m tons of surplus food in 2021, representing 6% of all GHG emissions. Gate's private American farmlands are worth an estimated $690 million.. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Access your favorite topics in a personalized feed while you're on the go. In January 2020, The Land Report announced the launch of a sustainability standard that was developed by U.S. farmland owners and operators. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches 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. We invest in the farms to raise productivity. of the richest people in the country, owns less than one percent of the nations total farmland. You might remember an intriguing story from earlier this year, when an investigative journalist discovered that Microsoft co-founder Bill Gates had been quietly buying up so much farmland. mesurer votre utilisation de nos sites et applications. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Contact Land Income today! Other questions put to Gates during his Reddit AMA session similarly touched on the sustainability of the agrifood system. Even in an age of rapidly encroaching automation, it isn't, and never has been, easy being a farmer. 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. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. But the details are murky, and there is no evidence that the billionaires farmland-buying spree is driven by anything more than a desire to have a well-diversified portfolio. Gates co-founded Microsoft. Ebbers was many things a dreamer, a liar, a swindler and he loved land. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. Instead, the Canada Pension Plan Investment Board revealed in the fine print of a quarterly statement that it had sold $520 million in U.S. farmland assets held by Agriculture Company of America. Bill Gates Farmland: Why Is the Billionaire Buying So Much? Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. This story has been shared 240,292 times. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I Gates co-founded Microsoft. 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. His idea, like many others, was to diversify his investments across different asset classes. And Eastern Washington has some of the richest, most expensive farmland in the country. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Farmland Riches is sponsored by FarmTogether. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. What do you think it could mean for the future of farming and food production? By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. According to the United States Department of Agriculture, profits in the farming sector have increased by $23.9 billion in 2021. These are a few of the reasons why savvy investors have been plowing millions of dollars into farmland on both the Oregon and the Washington sides of the Columbia River Gorge. Past performance is no guarantee of future results. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but that's still a relatively small slice of the nation's nearly 900 million total farm acres. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. He also owned a 26,236-acre Louisiana farm. The magazine editor, Eric O'Keefe, was researching a purchase of 14,500 acres of prime Washington State farmland and found that the buyer was a small company in . Malone is #1 when it comes to owning the most corporate farmland in the United States. CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. "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. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. 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. The cost is prohibitive for agricultural use of water. In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. a Reddit user asked. Additionally, because the farmers don't have access to state-of-the-art agriculture tools or technology, they never maximize yield potential. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. But why specifically North Dakota? Many people wonder why Bill Gates would make these moves with his investment portfolio. Without innovation, we will not solve climate change, Gates said. Pretty pricey dirt, right? Although the Bill & Melinda Gates Foundation has no ties whatsoever to Cascade or its investments, it also has a farmland initiative: Gates Ag One, which has established its headquarters in the Greater St. Louis area. The acreage sits off Interstate 10, and it is poised to be accessible by Interstate 11, a proposed highway that would traverse 5 miles of the 40-square-mile holding. The world is running out of oil. Based in Toronto, the Canada Pension Plan Investment Board began assembling an agricultural portfolio in 2013, when it acquired AgCoA, aka, Agricultural Company of America. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. All investments involve risk and may result in loss. Bill Gates is about to change the way America farms The endowment that funds the Bill & Melinda Gates Foundation is independently managed by a separate entity, the Bill & Melinda Gates Foundation Trust, a spokesperson for Cascade Investment told The Post. In addition, corporations and the rich are investing in farmland to deal with climate change and supply products to a hungry world with changing tastes.. One of the most telling moments in the field that summer came when a soil scientist by the name of Alan Busacca grabbed a shovel and stepped into a 10-foot trench that had been ripped open on the farm by a Caterpillar 336. The Microsoft co-founder is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last years edition of. But a rep for Gates is calling these claims ludicrous. We need a lot of technologies synthetic meat, energy storage, new ways of making building materials, he wrote. What Asset Class Is Farmland Considered To Be? Is this just a regular investment move, made on a large scale? Learn more about fact-checking at AP. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. And it did this so quietly one might even say it was done in secret. 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,. The typical farmer may plant anywhere between 75,000 to 250,000 seeds per acre to maximize as much seed yield advantage as possible. Responding to the question, Hey Bill! In January 2021, Bill Gates became the largest owner of farmland in the United States. Read more here. Farmland Is Valuable, but Buying It Is Tricky for Fund Investors Land Income 2021. Former Microsoft CEO Bill Gates owns a majority of America's farmland. So, if farmers do not improve farming methods, local communities suffer. His . And the Belmont property is located along Interstate 10, the regions major east-west artery, making it an excellent location for Amazon-style warehouse complexes. This is because of more intense seasons of drought and rain. APS ASSESSMENT: False. Contact Contact Land Income today. 'Gorilla Glue girl' Tessica Brown finds breast lumps befor Woman has 'loud, full body orgasm' in the middle of LA concert, Bride killed, groom seriously hurt by drunk driver just minutes after leaving reception, All the red carpet highlights and star-studded fashionfrom the Karl Lagerfeld-themed Met Gala, The best-dressed celebs at the 2023 Met Gala: Rihanna, Gisele Bndchen, more, Kim Kardashians Met Gala 2023 look sparks comparisons to Playboy cover, Kim Kardashian, Pete Davidson reunite at Met Gala 9 months after breakup, Khristina Williams previews the New York Liberty's 2023 WNBA season, Elon Musk Tells Bill Maher Woke Mind Virus Is Dangerous On Real Time, Katy Perry will be temporarily replaced on 'American Idol' amid drama. Janiecs sources said some of the AgCoA assets were quickly sold off, but according to the Land Report 100 Research Team, an estimated 242,000 acres of farmland remained. One asked about the viability of seawater desalination to solve global water shortages. 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. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). However, there are also countless farmland investing platforms gaining traction now too. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. LITTLE ROCK, Ark. Bill Gates' purchase of North Dakota farmland has locals 'livid': official Sign up for notifications from Insider! Rating: False About this rating Context In April 2022, conspiracy theorists insinuated that billionaire Bill Gates. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Among the participants in the 13-member Sustainable Agriculture Working Group are Ceres Partners, Hancock Natural Resources Group, The Rohaytn Group, and UBS Farmland Investors. So I took a look at Dun & Bradstreet. For related content and insights from industry experts, sign up for Successful Farming newsletters. Because of this crucial factor inherent to farmland, it also tends to provide better, consistent returns during times where inflation rises another scenario where more traditional assets like stocks and real estate suffer in. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. His portfolio is diversified, in other words. 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. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Since its IPO in 1985, Microsoft has seen continual success. Inside Sofia Richie and Elliot Grainge's $26.9M newlywed mansion, Inside NYC's charming Villa Charlotte Bront, where units rarely list, Secluded North Carolina home with its own private beach that went viral lists for sale, The best-dressed celebs at the 2023 Met Gala: Rihanna, Gisele Bndchen, more, Kim Kardashians Met Gala 2023 look sparks comparisons to Playboy cover, Kim Kardashian, Pete Davidson reunite at Met Gala 9 months after breakup, Khristina Williams previews the New York Liberty's 2023 WNBA season, Katy Perry will be temporarily replaced on 'American Idol' amid drama, Woman has 'loud, full body orgasm' in the middle of LA concert. The total portfolio of farmland is worth well over $700 million. Bill Gates is about to change the way America farms The cofounder of Microsoft and his wife make an auspicious debut on the 2020 LAND REPORT 100, as America's largest private farmland owners. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Perhaps history is repeating itself? And already in 2022, the forecast averages about $100 billion in profits. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. Either that or I had a screw loose. BlackRock also does not own the majority of the country's 80 million single-family homes. Pessimistic conspiracy theories abound, but Bill Gates, America's largest farmland owner, is born from non-salacious and pragmatic reasons. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. I readily admit forgetting where and when I first caught wind of it, but the moment I read that Tri-City Herald story, I knew the ending definitely needed a rewrite. This half-billion-dollar figure corroborated the AgCoA acquisition, and the paper trail led directly to Cascade Investment LLC. People that live in that area, people that live around the state know about the situation, Goehring said in response, Theyre probably more angry because, first of all, they dont want Bill Gates as a neighbor, but the land was sold for less than what it would have been auctioned.. Busacca was in his element: It was some of the richest farmland in the Lower 48. 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. I am quite confident that Eastwoods character, Steve Everett, would have picked up the stench from this setup a mile off: a $171 million acquisition by an LLC with two employees in a metal-sided building down a dirt road off the Bayou Teche? That means Gates, whose net worth is estimated at some $134 billion. Bill Gates Attempts to Explain Why He Bought More Farmland - Futurism Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. Farmland investments overseen by Cascade are completely unrelated to the Foundations programs or efforts to advance agricultural development in Africa or anyplace else in the world.. While private companies and corporations are increasing. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. The project isnt yet funded. By the time it was sold to the Canada Pension Plan Investment Board in 2013, AgCoA ranked as one of the leading institutional owners of row-crop farmland in the United States. Bill Gates is the biggest private owner of farmland in the United In it, the four-time Academy Award winner plays an over-the-hill journalist who has a nosefor a story. There is absolutely no connection between the Gate[s] North Dakota farmland investments and the Fufeng Group, a spokesperson for Cascade Investment, which oversees the investments of the Bill & Melinda Gates Foundation Trust and Bill Gates, told The Post. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. Some partners in the Arizona project issued a press release touting plans to build a forward-thinking community that embraces cutting-edge technology. There was talk of high-speed digital networks and autonomous logistics hubs. That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. The buyer, Red River Trust, is tied to Bill Gates . Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. More farmland investments may help struggling farms survive. Many people wonder why Bill Gates would make these moves with his investment portfolio. Owning farmland is one of the most prudent financial investments to make now. 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. It, too, was sold, on September 25, 2006, the day before Ebbers began serving his sentence at the Oakdale Federal Correctional Institution. For example, seeds are being genetically designed to grow in near non-arable and hostile soil conditions.. Over time, Gates sold personal stock in Microsoft and. Why Bill Gates is Buying Farmland. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. The firm is a shareholder in plant-based protein companiesBeyond MeatandImpossible Foods, as well as agricultural equipment makerJohn Deere. I dont think the poorest [] countries will be eating synthetic meat. The world is moving forward with renewable energy sources like solar and biofuels. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Does the name Bernie Ebbers ring a bell? Contact Land Income today! In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. In the past 20 years, the foundation has grown to hold over $48 billion. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. Farmlands will only become more automated in the future. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Warren E. Buffett acquired a 400-acre Nebraska farm in the '80s that . Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. A spokesperson for Cascade Investment a firm chaired and controlled by Bill Gates, and possibly what he was referring to as my investment group on Reddit declined to comment on specific land holdings at the time. Additionally, these small-scale, developing country farms serve local communities. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. In an interviewwithMIT Technology Review last month, Gates argued that higher-income societies should completely replace their consumption of cattle-derived beef with synthetic alternatives. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. The region west of Phoenix is booming. By Tim Gray. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The Best North Dakota Farmland to Invest in There are specific regions within North Dakota that are better suited for growing certain commodities. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. About 97% of American farms are small and medium-sized family-owned operations. Cascade Investment doubled down on Phoenix transitional land two years later when it made a second major investment by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million. Futures: at least 10 minute delayed. The burgeoning metropolis of Monterey, population 462, rang a bell, but despite my best efforts, I couldnt connect the dots to anyone whom we had profiled in The Land Report or, for that matter, anyone who was on our watch list. The biggest concern has been the Chinese companys proximity to a Grand Forks Air Force Base a United States military installation located 20 minutes down the road. The largest parcel, a proposed 24,800-acre development known as Belmont, might someday contain 80,000 homes, along with offices, retail, industrial and logistics facilities.
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