He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Their low fees and competitive returns set them apart from many of the other platforms out there. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. After AgCoA, the Canada Pension Plan Investment Board acquired a second tranche of farmland assets when it paid $2.5 billion for a 40% stake in Glencore Agricultural Products in 2016. According to The Land Report, at the time, Gates had a total of 268,985 acres, almost all of which is active farmland. This is a sponsored promotion for the AcreTrader platform. While Gates appears . The investments from both parties had locals raise their concerns to North Dakota Agriculture Commissioner Doug Goehring on a July 6 in a town meeting. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Land Income. Gates was also asked which niche technology he believed could play a significant role in the battle against climate change. He is also the fourth richest man on planet Earth with a net worth of $125 billion. Many people wonder why Bill Gates would make these moves with his investment portfolio. Pessimistic conspiracy theories abound, but Bill Gates, America's largest farmland owner, is born from non-salacious and pragmatic reasons. Why Is Bill Gates Buying So Much Farmland? Get the latest news and research from AFN & AgFunder in your inbox. BlackRock also does not own the majority of the country's 80 million single-family homes. 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? is not a registered broker-dealer, investment adviser, or crowdfunding portal under Regulation CF. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. It is not connected to climate, he wrote. In it, the four-time Academy Award winner plays an over-the-hill journalist who has a nosefor a story. It isless than .1% of all US farmland because the ownership is so diverse. 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.. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. Biogas is a natural gas alternative that can be sourced from animal manure or algae., Future biofuel advancements could make farming more self-sustaining, environmentally friendly and more efficient.. While Bill Gates is technically the largest farmland owner in the United States, he isn't. By Eric O'Keefe 1/15/2021 Listen to article Photo credit: Chesnot, Getty Images Call it a hunch, but the story did not jibe. 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). The billionaire couple, in less than a. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. Warren E. Buffett acquired a 400-acre Nebraska farm in the '80s that . Nous, Yahoo, faisons partie de la famille de marques Yahoo. Why Is Bill Gates Buying Farmland? You'll be Surprised Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. And its headquarters was in you guessed it Monterey, Louisiana. Some of the most sensitive elements of Grand Forks exist with the digital uplinks and downlinks inherent with unmanned air systems and their interaction with space-based assets, Officer, Maj. Jeremy Fox, wrote in an April memo obtained by CNBC, adding that any such data collection would present a costly national security risk causing grave damage to the United States strategic advantages.. from February that showed there were more than 895 million total acres of farmland in the country last year. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Goehring, however, reiterated the legality of owning farmland in the United States. Dusky layers of silt and sand towered over the 6-foot-tall retired Washington State professor. Stay up to date with what you want to know. 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. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. by Harvard Universitys Joint Center for Housing Studies. In 2017, Cascade Investment bought a significant stake in 24,800 acres of transitional land on the western edge of Phoenix, the most populous city in Arizona and the tenth-largest metropolitan area in the country. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named White Oak Pastures in Bluffton, Georgia, said he has concerns about Gates controlling . In fact, Gates is the owner of over 270,000acres of farmland, which is worth over $700 million! Committing the resources to launch this all-important standard validates the assertion that Cascade supports sustainable strategies that advance resiliency and efficiency, retain talent, and reduce regulatory burdens. And for those wondering why exactly Gates has taken a keen interest in investing in farmland across the country, look no farther than the profit margins. That immediately set off alarm bells, OKeefe says. Click here to view current offerings on AcreTrader! Talk about big bets. It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. This parcel which apparently makes up the bulk of the Gatess farmland holdings had previously belonged to Agriculture Company of America, a real estate investment trust acquired by CPIBB in 2013. Theres a tendency in the media to personalize this, OKeefe says. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. 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.. Responding to the question, Hey Bill! However, when you read between the lines with an objective and open mind, one can infer much. That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. I scanned the headline for the umpteenth time and then read and reread the pertinent details. Download free guide with advice for beginners. That proposed superhighway would run across a 5-mile stretch of the Belmont property. , an annual survey of the nations largest landowners. None of the information contained on this website is a recommendation to invest in any securities. The small LLC had $171 million . 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. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Partnering with Monsanto to create these super seeds is also part of the plan. What special interest does Bill Gates have in farmland? Bill Gates owns more private farmland in the US than anyone . Bill Gates Attempts to Explain Why He Bought More Farmland - Futurism People want to know, Why does Bill Gates want all this land? , But hyper-wealthy people like Gates dont make every decision personally, OKeefe notes. It, too, was sold, on September 25, 2006, the day before Ebbers began serving his sentence at the Oakdale Federal Correctional Institution. And it tends to be negatively correlated against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up. Yet he's hardly alone. Seed technology is the process of using technology, updated farming methods, and genetically modified seeds to optimize yield potential; maximize yield potential in less-than-ideal farming conditions; and make farming practices infinitely more cost-efficient.. Bill Gates' purchase of North Dakota farmland has locals 'livid': official Other questions put to Gates during his Reddit AMA session similarly touched on the sustainability of the agrifood system. The day before he went to prison, Ebbers sold Angelina for $32 million. 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. One asked about the viability of seawater desalination to solve global water shortages. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. The Gateses largest single block of dirt was acquired in 2017: a group of farmland assets owned by the Canada Pension Plan Investment Board. But the purchaser of record was a small, obscure company in Louisiana. Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans I do think all rich countries should move to 100% synthetic beef, he said. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. The Tri-City Herald reported that the purchaser was a Louisiana investor, a limited liability company associated with Angelina Agriculture of Monterey, Louisiana. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. 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. And why is Bill Gates the largest private owner of farmland in the United States? 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. This half-billion-dollar figure corroborated the AgCoA acquisition, and the paper trail led directly to Cascade Investment LLC. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a small part of the estimated 911 million acres of farmland in the US. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. However, no one knows precisely when that will happen. Indian farmers tending to rice fields by hand. Just 2% was donated. In the spring, the Fufeng Group, the largest privately-owned xanthan gum producer and flavor enhancer in China, dropped $2.6 million for farmland near Grand Forks a rural area that borders Minnesota and is about a 90-minute drive from the Canadian border. Many people wonder why Bill Gates would make these moves with his investment portfolio. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. But a rep for Gates is calling these claims ludicrous. Former Microsoft CEO Bill Gates owns a majority of America's farmland. Meanwhile, Chinese owners currently control more than 192,000 agricultural acres in the US, worth $1.9 billion, including land used for farming, ranching and forestry, the Agriculture Department told Politico last year. 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 the Land Report 100, an annual survey of the nations largest landowners. Rating: False About this rating Context In April 2022, conspiracy theorists insinuated that billionaire Bill Gates. Lets call that strike one. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Climate change, rising automation, the ravages of climate change, virulent plant diseases, international politics and changing consumer tastes make it progressively difficult for family-owned farms to operate. 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. Some of the wealthiest landowners including Jeff Bezos, John Malone, and Thomas Peterffy are buying up forests, ranches and farmlands across . Read more here. 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. 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. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. Bill Gates' purchase of North Dakota farmland cleared - New York Post These allow investors to get stared with as little as $10,000. What Asset Class Is Farmland Considered To Be? In a recent episode of 60 Minutes, Gates explained that zero-carbon energy sources like nuclear power are vital in reducing the emissions that warm the atmosphere. Credit Chris Janiec at Agri Investor for this eagle-eyed investigating. For more information read our Risk Statement click here. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Only sovereign wealth funds and institutional investors can stroke a check for tracts in that league, which is exactly what occurred on the sell side of the 100 Circles transaction: The seller was John Hancock Life Insurance, a multibillion-dollar asset manager with key holdings in all the major U.S. markets as well as Canada and Australia. 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. And it did this so quietly one might even say it was done in secret. 2023 Meredith Corporation. How about Google Maps? Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. 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. According to The Arizona Republic, Belmont is projected to include up to 80,000 homes; 3,800 acres of industrial, office, and retail space; 3,400 acres of open space; and 470 acres for public schools. The new green economy will mean new opportunities for land owners, OKeefe believes. Check out current deals on AcreTrader now! North Dakota AG Clears Farmland Purchase Tied to Bill Gates - US News Bill Gates owns massive parcels of farmland. It's not part of his plans Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. When Ebbers owned this Louisiana farm, it was known as Angelina Plantation. Futures: at least 10 minute delayed. The billionaire couple, in less than a. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. However, Bill Gates investing in farmland may encourage others to begin viewing farmland as smart investing opportunities. Contact Land Income today! The current best estimate is that the modern world will run out of fossil fuels, and the ability to fuel its global fossil-fuel run infrastructure, by the year 2067. Gates co-founded Microsoft. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. 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. We have lots of water. Perhaps Bill Gates is looking to test out his GMO seeds. This isn't the first time Gates has called for higher taxes on the wealthy. He died on February 2 surrounded by his family. Without innovation, we will not solve climate change, Gates said. Contact Land Income today! Senior Airman Dakota C. LeGrand/U.S. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. People are going to pay attention to what Bill is doing, Sherrick says.
bill gates buying farmland map