where is bill gates' farmland in michiganphoenix police chief salary

. 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. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. 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 . Download free guide with advice for beginners. In a world of wild talk and fake news, help us stand up for the facts. Hint, It's Not Bill Gates. BlackRock is a shareholder in both companies (here) (here). The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. As of 2020, industry reports show he owned about 0.027% of U.S. 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.. Why? This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Hearst Magazine Media, Inc. All Rights Reserved. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. "It is not connected to climate. Michigan. Those people are upset, but there are others that are just livid about this.. How old do you have to be to strip? 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. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. 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. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. According to Redfin, single-family housing represented over 70% of the properties purchased by investors in the third quarter of 2021 (here). Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). In Washington, the duo owns more than 14,000 acres of farmland that includes potato . 33701 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 . Does Michigan Allow Personal Tax Exemptions? 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 his 11th appearance in an Ask Me Anything (AMA) session on Reddit. The transitional land he owns in Arizona is reportedly being built into a suburb .. 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. Other examples can be seen (here), (here). That's a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. China has steadily accumulated U.S. Treasury securities over the last few decades. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. Former Microsoft CEO Bill Gates owns a majority of America's farmland. Bill Gates purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. 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. 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. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. District of Columbia As reported by Bloomberg . Or, have more control over the resources we all use and need. The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. Why doesnt everyone just invest in farmland then? Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. "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. The Bureau of Labor Statistics latest update shows egg prices rose 60% over the last year. Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigans largest producers. 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. This article was produced by the Reuters Fact Check team. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. This is a sponsored promotion for the AcreTrader platform. 54. Nebraska has the third-most Gates-owned farmland in the nation. Does this investment say anything about the state of the. As per the report, the Gates have their own land in at least 18 American states. 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). FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. Some of the links on this site are affiliate links. Gates responded: "I own less than 1/4000 of the farmland in the US. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. I had heard this in the past, but didn't give it much thought. Who is the largest farmer in the United States? 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. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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). (here) (here). It's not part of his plans to save the planet. Bill Gates does not own the majority of U.S. farmland. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. How many farms Does Bill Gates Own? We may earn commission if you buy from a link. Check out:How To Invest In Real Estate With $100. Check out current deals on AcreTrader now! But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. 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. 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. Since it works as an investment for him, it also includes the benefits of using land as an . 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 Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. 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. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. "With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Benzinga does not provide investment advice. Every single Republican blocked Ketanji Brown Jacksons SCOTUS appointment.. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Why? The Guardian, 5 Apr. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 acres of farmland. Well, as with everything in life, there is always a trade-off especially in finance. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. #1. Bill Gates buys farmland in Amish Country. Access your favorite topics in a personalized feed while you're on the go. Washington, DC No, its the Roman Catholic Church. And many of the American farms Gates owns specialize in produce, such as onions, carrots and potatoes, NBC News reported in 2021. You're looking into Bill Gates' Red River Trust purchase of . Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. 2022. 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. Why Is Bill Gates Buying So Much Farmland? AREA 8 CASH CROPS AND DAIRY Area 8 is the leading cash crop area in Michigan. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Bill Gates Is the Biggest Private Owner of Farmland in the United States. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? Farmland has some natural built-in drawbacks for all of the built-in benefits: Just 20 years ago, it was difficult to invest in farmland if you werent already independently wealthy. I have invested in these farms to make them more productive and create more jobs. How Long Can You Be Held Without Bond In Michigan? While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. 1995 - 2023 by Snopes Media Group Inc. The state bars corporations and limited liability companies from owning or even leasing farmlands or ranches and has other limits on trusts, yet the . A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Who is the largest landowner in the world? Snopes and the Snopes.com logo are registered service marks of Snopes.com. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. While private companies and corporations are increasing . Stay up to date with what you want to know. What Returns Should You Expect From Farmland Investing? Who owns the most farm ground in the US? But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. 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. 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. 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. 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. F' off Gates! 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. 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. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Tue, Feb 28, 2023 LOGIN . In fact, he reportedly owns more farmland than any other individual in America. 2023 Benzinga.com. The old saying about land is they aren't making any more of it. Supply and demand? 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. 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. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. By Jenna Hoffman July 5, 2022. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Oversight. In January 2021, Bill Gates became the largest owner of farmland in the United States. You can find his previous stuff at Gizmodo and Paste if you look hard enough. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. We invest in the farms to raise productivity. Either that or I had a screw loose. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. Cascade Investment began purchasing farmland in significant strides in 2013. Since 2020, Gates has held the title of the nations largest private farmland owner, per The Land Report. Youre not investing in a building that will decay over time, but the rich farmland itself. "Those people are upset, but there are others that are just livid about this.". Think about how much Bill Gates would have lost if he hadn't diversified in 1999. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. 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. He was right when he predicted the COVID-19 epidemic in 2015. So, what's the interest in farmland? 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. The tweet had gathered over 215,000 likes at the time of writing. 2 min read Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all. He has invested in multiple companies developing artificial or plant-based alternatives to meat, but he supports chicken farming and agricultural development. Age Requirements Most ordinances require, Huckleberries are small bright blue, or dark blue, or black berries which grow wild near marshes in Michigan. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. 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. Should we be worried about a tech giant like Bill Gates amassing this wild amount of land? Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. 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. 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. This material may not be reproduced without permission. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). On social media, we found people claiming, for example, that Gates owns the "majority" of U.S. farmland -- 80%, they claimed -- and that Gates is trying to buy up "all" of the farmland. The other major crops oats and forages are mostly fed to livestock on farms in the area. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Read also:Which Billionaire Owns The Most Land In The U.S.? We need your help. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. 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. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. Gates' interest in farmland is still strong. 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. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. He has been buying thousands of acres across America. Many people wonder why Bill Gates would make these moves with his investment portfolio. 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 tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. It isless than .1% of all US farmland because the ownership is so diverse. The agriculture sector is important. Any why now after years of massive success? It reported that as of 2022, Gates owned about 248,000 acres of farmland. Gates does own a lot of farmland. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Their low fees and competitive returns set them apart from many of the other platforms out there. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Here are a few likely reasons why Bill Gates is scooping up farmland: Whatever you may think about the man himself, he has consistently made investing choices that brought him unusual and incredible returns, and this has brought him great wealth when others made the wrong fiscal moves, and lost much. How Old Do I Have To Be To Go To A Strip Club In Michigan? In April 2022, researchers warned about the potential risk of a global food shortage, spurred on in part by Russia's ongoing attacks on Ukraine. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions. This article Bill Gates Finally Explains Why He's Buying So Much U.S. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). Gates does not own anywhere close to the majority of America's farmland. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Since its IPO in 1985, Microsoft has seen continual success. Accessed 28 Apr. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. 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 was right when he sold his own Microsoft stock to diversify through Cascade in 1994. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland.

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