Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. 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. 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? He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. Oct 22, 2014. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate value s nationwide increased 7% from 2020 to $3,390 per acre. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . Hearst Magazine Media, Inc. All Rights Reserved. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. Billionaire Bill Gates reportedly shopped for 'hundreds of acres of farmland' in Turkey while vacationing aboard a superyacht that emits an estimated 19 tons of CO2 a day before heading to the . It's hard to visualize just how much land 242,000 acres amounts to unless . Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. 1 landowner in the U.S. is billionaire John Malone, the chairman of Liberty Media, who tops . That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. Our only agenda is to publish the truth so you can be an informed participant in democracy. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). 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. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Investors from the Netherlands own 33% of that land with Canadians owning 25%. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. 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 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. This is a sponsored promotion for the AcreTrader platform. Perhaps history is repeating itself? NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. This article was produced by the Reuters Fact Check team. Hint, It's Not Bill Gates. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. 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 . In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?, He responded, I own less than 1/4000 of the farmland in the US. Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18-states. Who is the largest farmer in the United States? FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. What does Weyerhaeuser have to do with Michigan? Earlier this week,North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, stating that its corporations and LLCs were prohibited from owning or leasing farmland or ranchland in the state of North Dakota. Wrigley added that these entities were banned from engaging in farming or ranching.. How Many Hours Is It From Detroit To Michigan? Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Which Billionaire Owns The Most Land In The U.S.? Pates wrote that while "nobody involved in the deal seems eager to talk about it," public records connected Gates and the buyer, Red River Trust. 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 . It is not connected to climate. 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. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. While private companies and corporations are increasing . Sign up for notifications from Insider! Why? The total portfolio of farmland is worth well over $700 million. Gates has been asked about his farmland purchases before. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. 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. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. False. What they are doing locking up land, not just private land, but in Wilderness Areas, National anything to do with land, Conservation programs that literally pay farmers, dairymen, etc. Gates owns less than 1% of the nations farmland. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Well, as with everything in life, there is always a trade-off especially in finance. It has been very fulfilling for me and is my full time job," Gates continued. Northern Kansas land sale averages $3,500 per acre. Gates also owns land in Arizona (25,750 acres), Illinois (17,940),Mississippi (16,963),Washington (16,097), Florida (14,828), Idaho (9,233), Indiana (9,136), Ohio (8,915), California (4,509), Colorado (2,270), Michigan (2,167), Wisconsin (1,188), Wyoming (975), North Carolina (874), Iowa (552), and New Mexico (1). His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. 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. 2023 Benzinga.com. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . What Asset Class Is Farmland Considered To Be? Eggs have become expensive and scarce in some parts of the country. Any why now after years of massive success? as well as other partner offers and accept our. 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). Suggests virologists death is linked to COVID-19 vaccines. See here for a complete list of exchanges and delays. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. He responded that it was a decision his investment group made. Gates' interest in farmland is still strong. Please let us know if you're having issues with commenting. researchers warned about the potential risk of a global food shortage, currently no nationwide food shortages in the United States, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal, 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, you'd cover an area about a quarter the size of Rhode Island, Gates was putting microchips into vaccines, Gates had input tracking devices into vaccines, vaccinations as a way to depopulate the planet. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Gates does own a lot of farmland. The Justice Department has been calling parents that are concerned about what their kids are being taught, they are labeling them terrorists., Sen. Marco Rubio signed a 2021 letter that supports waivers that would reduce visual track inspections.. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. In the past 20 years, the foundation has grown to hold over $48 billion. Estes, Nick. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Since its IPO in 1985, Microsoft has seen continual success. 420,000 acresBill and Melinda Gates prior to their divorce accumulated roughly 270,000 acres of farmland in less than a decade. Amazon founder Jeff Bezos . Farmland originally appeared on Benzinga.com. 1800 I Street NW 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. As the Land Report notes, 24,800 acres of the land istransitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the mostpopulous city in Arizona. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. His idea, like many others, was to diversify his investments across different asset classes.