He was right when he predicted the COVID-19 epidemic in 2015. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Accessed 28 Apr. 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. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. as well as other partner offers and accept our. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. 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. Bill Gates does not own the majority of U.S. farmland. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. In the wake of this uncertainty, unfounded rumors began to spread that attempted to lay the blame for any coming food shortages on nefarious forces. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. He recently tried to explain why, and it was a little hard to follow. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. 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. 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. 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. 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.. Hearst Magazine Media, Inc. All Rights Reserved. Breitbart News reporter Alana Mastrangelo wrote: Gates is now Americas largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according tothe Land Report. Egg prices havent come down with inflation. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Amazon founder Jeff Bezos . The total portfolio of farmland is worth well over $700 million. This material may not be reproduced without permission. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. 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. 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. 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). 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? Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. F' off Gates! 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. Are you ready for alternative proteins made from a volcanic microbe? In reality, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 2021. Some are near cities and might end up having other uses.". Mar 4, 2009. This isn't the first time Gates has called for higher taxes on the wealthy. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . State law prohibits corporations, LLCs, and trusts from farming or ranching activities. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. Stay up to date with what you want to know. 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. This article was produced by the Reuters Fact Check team. In fact, Gates is the owner of over. Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. In the past 20 years, the foundation has grown to hold over $48 billion. In Washington, the duo owns more than 14,000 acres of farmland that includes potato . The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Bill Gates Is the Biggest Private Owner of Farmland in the United States. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. stated on February 13, 2023 in a Facebook post, Gates investments in plant-based meat and farmland. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . "It is not connected to climate. 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. During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. 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. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. as well as other partner offers and accept our. 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). He has also written on his personal blog about the future of food, the increasing demand for meat as the global population rises and the environmental effects of livestock farming. Why Bill Gates Is Investing In Chicken-Less Eggs, Memphis Meats raised $161 million to grow meat from cells, Bill Gates and Richard Branson backed a food startup which grows meat in labs, How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds', Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers, How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. How can this inform our personal investment decisions? It's hard to visualize just how much land 242,000 acres amounts to unless . 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. Well, as with everything in life, there is always a trade-off especially in finance. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. American Homes 4 Rent holds around 57,024 single-family properties (here). Today, Bill Gates owns 242,000 acres of farmland in 19 states. The U.S. Federal Government. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Gates responded: "I own less than 1/4000 of the farmland in the US. 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. His idea, like many others, was to diversify his investments across different asset classes. Suggests virologists death is linked to COVID-19 vaccines. The. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Bill Gates: Americas Top Farmland Owner | The Land Report. No one but Bill Gates knows that answer. How old do you have to be to strip? The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. Chicken nuggets and cream cheese grow in trays in a South Side lab. Across the nation, Gates' affiliates . 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. Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. Breitbart News reporter Alana Mastrangelo wrote: Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. To put that into perspective, if you put all of the land that Gates owns into one place (his holdings are spread throughout the country), you'd cover an area about a quarter the size of Rhode Island. 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 . In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. stated on February 26, 2023 a video on Facebook: stated on February 15, 2023 a photo on Facebook: stated on January 29, 2023 a video on Facebook: stated on February 5, 2023 an Instagram post: stated on January 27, 2023 a video on Facebook: stated on January 22, 2023 an Instagram post: stated on January 16, 2023 a photo on Facebook: stated on January 12, 2023 a photo on Facebook: stated on November 6, 2022 an Instagram post: stated on October 26, 2022 a post on Instagram: stated on October 12, 2022 an Instagram post: stated on October 9, 2022 a Facebook post: stated on March 3, 2023 in a Conservative Political Action Conference speech: stated on February 19, 2023 in a Facebook post: stated on February 24, 2023 in an Instagram post: stated on March 2, 2023 in a speech at CPAC: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization. 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. This is because of more intense seasons of drought and rain. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. Who knows. The total portfolio of farmland is worth well over $700 million. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49.
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