where is bill gates' farmland in michigan

Business entities have, however, been increasing their presence as owners of rental properties. 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). In fact, Gates is the owner of over. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. So, what's the interest in farmland? Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. In their 2018 annual letter, 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. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and vaccination enthusiast "has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states.". Try the tool that will help you invest smarter, faster, and better. The tweet had gathered over 215,000 likes at the time of writing. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. 28. 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. 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 . 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. It reported that as of 2022, Gates owned about 248,000 acres of farmland. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. 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. If Not for Climate, Then Why Is Bill Gates Buying so Much Farmland? AFN, 27 Aug. 2021, https://agfundernews.com/gates-if-not-for-climate-then-why-is-bill-buying-up-so-much-farmland. Thetech billionaire owns69,071 acres inLouisiana,47,927 acres inArkansas, and 20,588 acres inNebraska. Bill Gates Is the Biggest Private Owner of Farmland in the United States. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). Former Microsoft CEO Bill Gates owns a majority of America's farmland. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. China has steadily accumulated U.S. Treasury securities over the last few decades. Your membership is the foundation of our sustainability and resilience. The U.S. Federal Government. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. This article was produced by the Reuters Fact Check team. 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. How old do you have to be to strip? 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. While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. "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. Why Bill Gates Keeps Buying Up So Much Farmland, 60 Scientists Are Trying to Block the Sun, Your Privacy Choices: Opt Out of Sale/Targeted Ads. The current chicken and egg shortages trace mainly to an avian flu outbreak in the U.S. that began in early 2022 and was exacerbated by holiday demand and supply chain problems, the Agriculture Department reported. 54. Gates said during a Reddit AMA: My investment group chose to do this. However, Microsoft wasn't Bill Gates' only successful venture. Download free guide with advice for beginners. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. (Read more about our partnership with Meta, which owns Facebook and Instagram.). By Jenna Hoffman July 5, 2022. Why Bill Gates Is Investing Big Time In Farmland Across Washington And The Country - Northwest Public Broadcasting About Contact Us Coverage Area Our Staff Work With Us Report an Outage Station News Latest Station News Connect Archives Our Stories Download NWPB App TV Schedules Channel Guide Online Schedules Download Schedules Local Programs 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. A 2021 report published by the U.S. Department of Agriculture (USDA) said there were 895,300,000 acres of farmland in the United States. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. What is the most profitable crop in Michigan? 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.. By Rebecca . Other examples can be seen (here), (here). Sign up for notifications from Insider! To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. Perhaps history is repeating itself? According to a January 2021 article by The Land Report, Gates owned 242,000 acres of farmland through two investment management firms - Cottonwood Ag Management and Cascade Investment (here). It isless than .1% of all US farmland because the ownership is so diverse. 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. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. What special interest does Bill Gates have in farmland? Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. With the Washington state acreage and other recent additions to his portfolio,. Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. 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. The transitional land he owns in Arizona is reportedly being built into a suburb .. Chicken nuggets and cream cheese grow in trays in a South Side lab. Farmland, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. Stay up to date with what you want to know. Which Billionaire Owns The Most Land In The U.S.? Is Farmland Partners (FPI) A Good Investment? What Returns Should You Expect From Farmland Investing? Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . TheNew York Post reportsthat public records recently cited by AgWeek reveal that an entity called Red River Trust with links to billionaire Bill Gates recently purchased 2,100 acres of potato farmland in northern North Dakota, prompting state officials to intervene after complaints from local residents. Representatives for Gates did not immediately respond to messages from Insider requesting comment. He has also been aproponent of chicken farming. Satellites are on balloons and not in space.. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. 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. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. The billionaire philanthropist Bill Gates, America's largest farmland owner, apparently bought a potato farm in North Dakota, and local residents aren't too happy about it. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. "It is not connected to climate. Top editors give you the stories you want delivered right to your inbox each weekday. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. No, its the Roman Catholic Church. District of Columbia Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . There were 895.3. According to a 2022 report from the U.S. Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the U.S. Gates owns roughly 242,000 acres, about 0.03% of the total. Hearst Magazine Media, Inc. All Rights Reserved. He also reportedly owns about 16,000. Bill Gates: Americas Top Farmland Owner | The Land Report. An archived version of the tweet can be found (archive.ph/8Tq36). Washington, DC In January 2021, Bill Gates became the largest owner of farmland in the United States. Oftentimes, those fingers get pointed at Gates. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. Bill Gates just bought 2,100 acres of farmland in North Dakota, adding to the 270,000 acres he inexplicably owns throughout the US China also just bought 300 acres there, adding to the 192,000 . North Dakotans are outraged as Bill Gates, the largest private farmland owner in the US, apparently buys a $13.5 million potato farm Dominick Reuter Jun 24, 2022, 8:13 AM Leon Neal/Getty. Owning farmland is one of the most prudent financial investments to make now. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. All quotes delayed a minimum of 15 minutes. Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Are you ready for alternative proteins made from a volcanic microbe? According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. According to OKeefe, Gates isnt the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. Does this investment say anything about the state of the. 1995 - 2023 by Snopes Media Group Inc. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. Nebraska has the third-most Gates-owned farmland in the nation. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty.

When Did Tagum Became A City?, Sound Physicians Complaints, Herb Robert Magical Properties, Appleton East Freshman Football, Tampa Family Photographer Mini Session, Articles W