where is bill gates' farmland in michigan

Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 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. At about $6,000 per acre, the potato farm cost roughly half of what Gates reportedly spent on highly coveted soil closer to his home in Washington. 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. Which Billionaire Owns The Most Land In The U.S.? The land was purchased from the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota, approximately 50 miles from the Canadian border. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. Microsoft co-founder Bill Gates is America's top private farmland owner. Bill and Melinda released their latest initiative, Bill Gates Big Bet, where the Foundation states theyre betting on the major success of developing nations within the next 15 years, hoping to see more improvement than at any time in history. Where Does Bill Gates Own Farmland in the US. Does this investment say anything about the state of the. 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.. Although Gates owns these farms, he isnt changing their practices. Louisiana is the top state. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Northern Kansas land sale averages $3,500 per acre. (Read more about our partnership with Meta, which owns Facebook and Instagram.). Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Bill Gates owns massive parcels of farmland. The state is investigating the purchase of potato farmland by the Gates-linked trust, with the states Attorney General writing in a letter that it wasprohibited from owning or leasing farmland or ranchland in the state of North Dakota.. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Today, Bill Gates owns 242,000 acres of farmland in 19 states. The total portfolio of farmland is worth well over $700 million. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. February 27, 2023, 11:49 AM. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. I had heard this in the past, but didn't give it much thought. 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. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Who owns the most land in the world 2021? Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. An archived version of the tweet can be found (archive.ph/8Tq36). There were 895.3. Since it works as an investment for him, it also includes the benefits of using land as an . Why am I just learning about this NOW?. 2023 Benzinga.com. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. 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. 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. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. District of Columbia 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.. 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. 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. "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. Is this just a regular investment move, made on a large scale? Is Farmland Partners (FPI) A Good Investment? Bill Gates and his estranged wife Melinda Gates have accumulated more than 269,000 acres of farmland across 18 American states. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. 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. In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. As per the report, the Gates have their own land in at least 18 American states. He was right when he predicted the COVID-19 epidemic in 2015. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. False. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. 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. The. That purchase of Plum Creek makes Weyerhaeuser the largest private landowner in Michigan, as of now. We invest in the farms to raise productivity. Gates' interest in farmland is still strong. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. 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. 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. Amazon founder Jeff Bezos . In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. The other major crops oats and forages are mostly fed to livestock on farms in the area. 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. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Many people wonder why Bill Gates would make these moves with his investment portfolio. Who owns the most property in Detroit 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. Featured in the agricultural side of their plan is a strategy for subsistence farmers and other small-acre farms in Africa and the developing world education, resources, and layaway payment plans which can be used through smartphones. According to a 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, there are 895,300,000 acres of farmland in the United States. The North Dakota attorney general's office recently inquired into a 2,100-acre farmland purchase by Red River Trust, an entity affiliated with Bill Gates. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. Are you ready for alternative proteins made from a volcanic microbe? 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. Real estate investors overall have also been increasingly targeting single-family homes. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. Other examples can be seen (here), (here). But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. No, its the Roman Catholic Church. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. "Those people are upset, but there are others that are just livid about this.". Gear-obsessed editors choose every product we review. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Neither of these are a perfect option. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. It's not part of his plans to save the planet. A spokesperson for Gates also told Reuters the claim that Gates owns the majority of U.S. farmland was false, pointing to the USDA figures. 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. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Any why now after years of massive success? Who knows. Egg prices havent come down with inflation. Estes, Nick. 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.

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