"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. Snopes and the Snopes.com logo are registered service marks of Snopes.com. 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. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. The other major crops oats and forages are mostly fed to livestock on farms in the area. 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. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Who owns the most farm ground in the US? Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. 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. All rights reserved. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. 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. 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. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Youre not investing in a building that will decay over time, but the rich farmland itself. #1. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. Plum Creek, headquartered in Seattle, Washington, is the largest private landowner in Michigan after purchasing 650,000 acres in 2005. So, what's the interest in farmland? 2023 Benzinga.com. 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. Access your favorite topics in a personalized feed while you're on the go. 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. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . These claims are not true. However, when you read between the lines with an objective and open mind, one can infer much. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Billionaire Bill Gates explains why he buys a lot agricultural land - Photo: BENZINGA. Who owns the most property in Detroit Michigan? 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. 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. 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. 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. 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.. 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. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. "It is not connected to climate. While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. During his 11th appearance in the "Ask Me Anything" . In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Bill Gates reportedly owns more farmland than anyone else in the United States. China has steadily accumulated U.S. Treasury securities over the last few decades. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. Heres why. But these companies do not own a majority of U.S. single-family homes. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. The timeline of events leading to the shortages, claim multiple Instagram posts, goes like this: "2013: Bill Gates invests (in) plant-based eggs, poultry, and meat", "2021: Bill Gates becomes the largest private farmland owner in the U.S.", "2021-2023: Mass chicken and egg shortages hit American farms", The Gateway Pundit, a conservative website, shared a similar claim. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. While Microsoft took a major hit in the tech crash of 2000, Bill Gates portfolio with Cascade would gain around 40% return in that same year. Hint, It's Not Bill Gates, Bezos-Backed Startup Lets You Become A Landlord With $100, Try the tool that will help you invest smarter, faster, and better, Bill Gates Finally Explains Why He's Buying So Much U.S. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Gates said during a Reddit AMA: My investment group chose to do this. Gates' interest in farmland is still strong. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. To better understand these questions, it's helpful to review Bill Gates' financial decision through the years, especially as it relates to Microsoft, Cascade Investments, and The Bill and Melinda Gates Foundation. Though the Gates Foundation has spent so much time and resources on helping humanity more than any other private entity in history the sheer power their enterprise wields has drawn the attention and fear of many. The Michigan State University shooter is a 21-year-old man named Lynn Dee Walker. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. False. "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?" Gates does not own the majority of U.S. farmland. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Gates responded: "I own less than 1/4000 of the farmland in the US. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. How much land does Russia own in the United States? Sign up for notifications from Insider! The total portfolio of farmland is worth well over $700 million. He has been buying thousands of acres across America. Louisiana is the top state. 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.. 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. Hes also written about the need for more ways to produce meat without depleting environmental resources. Bill Gates does not own the majority of U.S. farmland. Another meme circulating online reads: Bill Gates is buying all the farmland. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. We need your help. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Gates' interest in farmland is still strong. 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. Why? The Guardian, 5 Apr. With her 6.6 billion acres, Elizabeth II is far and away the worlds largest landowner, with the closest runner-up (King Abdullah) holding control over a mere 547 million, or about 12% of the lands owned by Her Majesty, The Queen. Donald Trump is back on Twitter, thanks to Elon Musk. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. While private companies and corporations are increasing . Land Values: Here's a look at the top 10 absentee landowners in central Illinois, and where they own farmland. Michigan. Read more about our work to fact-check social media posts here . 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. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. 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. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Read also:Which Billionaire Owns The Most Land In The U.S.? 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? The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. I have written several articles on postings related to Big Tech, Social Media and Corporations. RELATED: What Bill Gates has to do with livestock, lab-grown meat, RELATED: Eggflation? 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 . Gates and his wife own 269,000 acres of farmland. 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. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. 11 Jan. 2021, https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/. Which Billionaire Owns The Most Land In The U.S.? Microsoft founder and billionaire turned philanthropist Bill Gates recently laid the long-time conspiracy theory that he owns some 80% of all U.S. farmland to rest in . Table of Contents show as well as other partner offers and accept our. Who is the largest farmer in the United States? The major cash crops are field beans, sugar beets, corn and wheat. Microsoft co-founder Bill Gates is America's top private farmland owner. No, its the Roman Catholic Church. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. You can find his previous stuff at Gizmodo and Paste if you look hard enough. How Long Can You Be Held Without Bond In Michigan? By clicking Sign up, you agree to receive marketing emails from Insider 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 Oversight. to not use their land, is working towards their real agenda. I had heard this in the past, but didn't give it much thought. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 309. The biggest chunks of Gates' holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlet's research found. Chicken nuggets and cream cheese grow in trays in a South Side lab. 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. AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. Your membership is the foundation of our sustainability and resilience. The agriculture sector is important," Gates wrote. The old saying about land is they aren't making any more of it. Supply and demand? 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. Washington, DC 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. Since its IPO in 1985, Microsoft has seen continual success. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. With over 242,000 acres of farmland, Bill Gates is America's biggest farmland owner, and his ownership may be connected to climate change and plant-based meat substitutes. 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.