where is bill gates' farmland in michigan where is bill gates' farmland in michigan

Trump killed them., The Kansas City Chiefs Super Bowl win has been put on hold as NFL plans to launch an investigation on possible (performance-enhancing drug) use by Patrick Mahomes during halftime.. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. It reported that as of 2022, Gates owned about 248,000 acres of farmland. This isn't the first time Gates has called for higher taxes on the wealthy. 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). Other examples can be seen (here), (here). The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. Another meme circulating online reads: Bill Gates is buying all the farmland. Talk about big bets. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Social media post scrambles the facts on high egg prices, Gateway Pundit, "Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage," Jan. 24, 2023, PolitiFact, "What Bill Gates has to do with livestock, lab-grown meat," May 18, 2020, PolitiFact, "Eggflation? Sign up for notifications from Insider! 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. Michigan. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Drinking or using tap water treated with chlorine is dangerous because chlorine is a poison., Obama imposed stricter rules on trains carrying toxins. Read also:Which Billionaire Owns The Most Land In The U.S.? Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Gates has been asked about his farmland purchases before. 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. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Why am I just learning about this NOW?. Neither of these are a perfect option. 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. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. The publication named Gates the countrys largest private farmland owner in 2020, 2021 and 2022. It's not part of his plans to save the planet. Benzinga does not provide investment advice. What is the most profitable crop in Michigan? 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. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. 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). It reported that as of 2022, Gates owned about 248,000 acres of farmland. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. "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. He also reportedly owns about 16,000. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. This article was produced by the Reuters Fact Check team. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. Chicken nuggets and cream cheese grow in trays in a South Side lab. 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 appears to be pro-chicken farming. 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. How long is it from Michigan to Detroit? 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. He was right when he predicted the COVID-19 epidemic in 2015. Hes also written about the need for more ways to produce meat without depleting environmental resources. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Business entities have, however, been increasing their presence as owners of rental properties. Gates and his wife own 269,000 acres of farmland. - Farmland Riches where is bill gates' farmland in michigan. How much land does Russia own in the United States? 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. Nebraska has the third-most Gates-owned farmland in the nation. North Dakota officials have questions and residents are furious about a major land grab by a trust linked to billionaire and anti-meat zealot Bill Gates, the nation's biggest owner of farmland. 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. Hes the largest landowner in the United States. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}60 Scientists Are Trying to Block the Sun, Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. 22. Bill Gates and conspiracy theories go together like peanut butter and jelly. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Bill Gates does not own the majority of U.S. farmland. Mar 4, 2009. Egg prices havent come down with inflation. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. Bill Gates reportedly owns more farmland than anyone else in the United States. Supreme Court just voted to ban condoms., Says Ukrainian President Volodymyr Zelenskyy said he wants Americas sons and daughters to go die in Ukraine., In Ohio, there are 75,000 acres of farmland, fertile farmland, that are all now being poured down with acid rain., Muslims by the millions are converting to Christianity.. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. a Reddit user asked. That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. With the Washington state acreage and other recent additions to his portfolio,. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. ", Gates responded at the time, "My investment team bought the farmland. 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. The North Dakota purchase would put those total holdings at more than 270,000 acres, though it's not clear how the property is being divided following Gates and French Gates' divorce last year. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Contacted by Reuters, a BlackRock spokesperson said: BlackRock is not buying single-family homes and is not competing with individuals to purchase houses in America.. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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%. 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. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. The old saying about land is they aren't making any more of it. Supply and demand? State law prohibits corporations, LLCs, and trusts from farming or ranching activities. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! Farmland originally appeared on Benzinga.com. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. Since his divorce, it is unclear how the assets were split up between the couple. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. While private companies and corporations are increasing their ownership of U.S. homes, BlackRock, through its investments, does not own a majority of single-family homes. Suggests virologists death is linked to COVID-19 vaccines. By Rebecca . 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. 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. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Top editors give you the stories you want delivered right to your inbox each weekday. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. Northern Kansas land sale averages $3,500 per acre. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Satellites are on balloons and not in space.. . In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. You can find his previous stuff at Gizmodo and Paste if you look hard enough. Our Standards: The Thomson Reuters Trust Principles. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. According to 2021 article from the Land Report, a magazine about land. The agriculture sector is important," Gates wrote. No one but Bill Gates knows that answer. How can this inform our personal investment decisions? However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. "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. 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. Former Microsoft CEO Bill Gates owns a majority of America's farmland. Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable, nourishing food for future generations 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. He has also been aproponent of chicken farming. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Owning farmland is one of the most prudent financial investments to make now. It's hard to visualize just how much land 242,000 acres amounts to unless . Gates is just using farmland to make Agri-Tech and financial investments. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. Heres why.," Jan. 10, 2023. How Many Hours Is It From Detroit To Michigan? Over the last decade, Bill Gates has invested in multiple companies, including Beyond Meat and Impossible Foods, that develop plant-based meat alternatives. The No. Other factors are pandemic-related supply chain issues andholiday demand. Our only agenda is to publish the truth so you can be an informed participant in democracy. So, what's the interest in farmland? Why Is Bill Gates Buying So Much Farmland? 309. The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. Does this investment say anything about the state of the. As we learned above, in most farmland investment situations, the farmland owner leases their land to tenant farmers, who usually live on and work the land. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. 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 tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. 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. An ingredient in some of Chick-fil-As dipping sauces can cause serious health problems. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Either that or I had a screw loose. Who is the largest farmer in the United States? I had heard this in the past, but didn't give it much thought. He has been buying thousands of acres across America. Youre not investing in a building that will decay over time, but the rich farmland itself. The Land Report found in 2021 that the Gateses had 242,000 acres of farmland, 1,234 acres of recreational land, and 25,750 acres of land in transition from farmland to residential and commercial use (think suburban development). In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Chinas American agricultural land holdings have increased over tenfold in the last decade, and at the beginning of 2020, investments from China held $2 billion of American agricultural land. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Access your favorite topics in a personalized feed while you're on the go. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? 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. 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. These claims are not true. Some are near cities and might end up having other uses.". 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. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. 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. Michigan Muslim Group Warns State That LGBTQ Bill Might Be Unconstitutional CAIR has objected to the Michigan Senate's passage of an expanded version of a state human-rights law protecting LGBTQ . 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. Since it works as an investment for him, it also includes the benefits of using land as an . Hearst Magazine Media, Inc. All Rights Reserved. 1800 I Street NW Over time, Gates sold personal stock in Microsoft and. Gates responded: "I own less than 1/4000 of the farmland in the US. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Gates also owned up to the various failures in their initiatives, and admitted that they try their best to leverage the expertise and wisdom from the community leaders present in the areas they aid. 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. 2022. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. 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 . There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers.