bill gates buying farmland map

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. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Bill Gates found to be the largest farmland owner in the U.S - KARK Gates, the billionaire tech mogul and philanthropist whose net worth was pegged by Bloomberg at $113 billion, has quietly amassed nearly 270,000 acres of farmland across the country, according. Angelo Merendino for The New York Times. However, they told The Land Report that Cascade is very supportive of sustainable farming.. Why Bill Gates is Buying Farmland. Purchasing your own farm outright means that you are not diversified across many farms; just 1. But if it ever gets built, it would boost the value of Gates land dramatically. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. At current valuations, its one of the nations best farmland opportunities. Senior Airman Dakota C. LeGrand/U.S. Theories began spreading that a future food shortage could lead to a collaboration between China and Gates to invest in American farming land and take control of the countrys food supply. There were 895.3. While Gates appears . Stay up to date with what you want to know. These are a few of the reasons why savvy investors have been plowing millions of dollars into farmland on both the Oregon and the Washington sides of the Columbia River Gorge. Gates co-founded Microsoft. Farmland Index. 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. 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. The same logic likely holds for Gates Arizona acquisitions. Bill Gates is an American technology pioneer. We've received your submission. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. ", Gates responded at the time, "My investment team bought the farmland. Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. This half-billion-dollar figure corroborated the AgCoA acquisition, and the paper trail led directly to Cascade Investment LLC. The program could be an economic boon for farmers. Mr. Other questions put to Gates during his Reddit AMA session similarly touched on the sustainability of the agrifood system. Additionally, these small-scale, developing country farms serve local communities. In North Dakota, the Pembina and Walsh County farmland purchased by Red River Trust in 2021 is leased to the Campbell family which has a long history of operating these Pembina and Walsh County farmlands, which has continued under the ownership of Red River Trust.. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. At least thats what the developers partnered with Gates investment group have promised. Where farmland differs from other alt assets is that because its such a crucial human resource (food = humans), in less-than-desirable economic situations, farmland tends to appreciate even further in value, as opposed to losing value (I.E., during a dreaded stock market crash). It is not connected to climate, he wrote. 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. Once upon a time, the business press dubbed the colorful entrepreneur the telecom cowboy. That was before the Edmonton native was put on trial for his role in what was, at the time, the largest corporate bankruptcy filing in U.S. history. (Through a spokesperson, the company declined to comment for this article.). Busacca was in his element: It was some of the richest farmland in the Lower 48. Are you interested in investing in farmland? I like that we have more value added., I dont like that its China, but the reality is, I dont have a leg to stand on because if theres nothing unlawful about it, just because I dont like something, doesnt mean it should go away.. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. This is because of more intense seasons of drought and rain. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. Without innovation, we will not solve climate change, Gates said. Turns out that very same property had caught my eye way back when The Land Report was preparing to launch in 2006. The typical farmer may plant anywhere between 75,000 to 250,000 seeds per acre to maximize as much seed yield advantage as possible. It's probably starting to make sense why Bill Gates purchased farmland in North Dakota and holds the largest private portfolio of farmland assets in America. Any why now after years of massive success? Why are you buying so much farmland? posed by one Reddit user,Gates indicated that seed science and biofuel development were major drivers of the acquisitions. For example, seeds are being genetically designed to grow in near non-arable and hostile soil conditions.. So I took a look at Dun & Bradstreet. In early 2021, Bill Gates made headlines for becoming the largest private farmland owner in the U.S. The problem is that it is expensive to desalinate it and move it to where it is needed, Gates wrote. Even in an age of rapidly encroaching automation, it isn't, and never has been, easy being a farmer. This parcel which apparently makes up the bulk of the Gatess farmland holdings had previously belonged to Agriculture Company of America, a real estate investment trust acquired by CPIBB in 2013. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Climate change, rising automation, the ravages of climate change, virulent plant diseases, international politics and changing consumer tastes make it progressively difficult for family-owned farms to operate. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 acres. By using this website, you accept our Terms of Use and Privacy Policy. Ebbers was many things a dreamer, a liar, a swindler and he loved land. He was right when he predicted the COVID-19 epidemic in 2015. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. What do you think it could mean for the future of farming and food production? Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. The most famous and by far wealthiest farmland owners in sparsely populated Concordia Parish are getting a divorce. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Some of it goes to surrounding states, across the border, or it ends up someplace else. Bill Gates is now the biggest owner of FARMLAND in the US after buying Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Some of the links on this site are affiliate links. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Editor Eric O'Keefe noticed a massive purchase (14,500 acres) of prime farmland in Washington State made by an unknown Louisiana-based LLC with two just employees. Report: Bill Gates is largest owner of private farmland in U.S., with Technically speaking, Bill Gates ranks 49th on the list of individuals, families, and corporations who own the most farmland. Gates' interest in farmland is still strong. It will help farmers in developing countries access Agri-Tech, improve farming tools, learn how to maximize yield better and better adapt to climate change. Invest like Bill Gates with the Best North Dakota Farmland The biggest concern has been the Chinese companys proximity to a Grand Forks Air Force Base a United States military installation located 20 minutes down the road. His idea, like many others, was to diversify his investments across different asset classes. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. For related content and insights from industry experts, sign up for Successful Farming newsletters. Yet farmland assets arent the sole component of the Gateses landholdings. It has been said that farmers can't afford to be pessimists. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. None of the information contained on this website is a recommendation to invest in any securities. Some of the most sensitive elements of Grand Forks exist with the digital uplinks and downlinks inherent with unmanned air systems and their interaction with space-based assets, Officer, Maj. Jeremy Fox, wrote in an April memo obtained by CNBC, adding that any such data collection would present a costly national security risk causing grave damage to the United States strategic advantages.. Gates is considered the largest private owner of farmland in the country with some 269,000 acres (108,860 hectares) across dozens of states, according to last year's edition of the Land. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. According to The Land Report, at the time, Gates had a total of 268,985 acres, almost all of which is active farmland. It has been very fulfilling for me and is my full time job," Gates continued. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. , an annual survey of the nations largest landowners. We've received your submission. But why specifically North Dakota? 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. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. Although the Bill & Melinda Gates Foundation has no ties whatsoever to Cascade or its investments, it also has a farmland initiative: Gates Ag One, which has established its headquarters in the Greater St. Louis area. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. One of my favorite Clint Eastwood movies is the 1999 mystery/thriller True Crime. Or, have more control over the resources we all use and need. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. The cofounder of Microsoft and his wife make an auspicious debut on the 2020 LAND REPORT 100, as Americas largest private farmland owners. APS ASSESSMENT: False. But the details are murky, and there is no evidence that the billionaires farmland-buying spree is driven by anything more than a desire to have a well-diversified portfolio. Today, the Belmont tract remains mostly empty desert. But in total the Microsoft co-founder owns less than 1% of the nations total farmland. "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?" Gate's acquisition of so much American farmland may aid in manifesting technological improvement endeavors. 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. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. Deals are highly vetted with around a 1% acceptance rate, You pick and choose what specific farms you want to invest in, Investors do not have access to a secondary market yet, so you should be familiar with the time horizon. And the rich are now buying up vast swathes of farmland. FARGO, N.D. (AP) North Dakota's attorney general has found the sale of a couple thousand acres of prime farmland to a group tied to Bill Gates complies with a Depression-era law meant to . Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce. The investments from both parties had locals raise their concerns to North Dakota Agriculture Commissioner Doug Goehring on a July 6 in a town meeting. 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. 2023 NYP Holdings, Inc. All Rights Reserved, Bill and Melinda Gates gush over new grandbaby in separate photos, Bill Gates says AI-powered ChatGPT as important as PC, internet, mobile phones, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Gates longstanding interest in climate change. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. Cascade leases the majority of its land to farmers and is committed to the safety and sustainability of both its farmland and its people, the spokesperson for Cascade Investment said. For more information read our Risk Statement click here. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. At its listed headquarters 8318 Highway 565 Angelina Agriculture boasted two employees and reported annual revenues just north of $300,000. The day before he went to prison, Ebbers sold Angelina for $32 million. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters 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. Strike two. Gates responded: "I own less than 1/4000 of the farmland in the US. Youre not investing in a building that will decay over time, but the rich farmland itself. Any historical returns, expected returns, or probability projections are forward looking statements and may not reflect actual future performance. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. Bill Gates is about to change the way America farms Nebraska has the third-most Gates-owned farmland in the nation. Cascade employees almost never speak to the press. 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. Along with his wife Melinda Gates, Bill owns over 268,000 acres of farmland diversified in over 19 states. The plant-based protein craze will be worth $23.4 billion by 2027. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans seed technologies, super-crops and overall farming efficiencies. This is part of a broader 269,000-acre land portfolio belonging to the couple and associated entities across 19 US states, with the largest holdings in Louisiana (69,071 acres), Arkansas (47,927 acres), and Arizona (25,750 acres). It was his last deal as a free man. Contact Contact Land Income today. Only sovereign wealth funds and institutional investors can stroke a check for tracts in that league, which is exactly what occurred on the sell side of the 100 Circles transaction: The seller was John Hancock Life Insurance, a multibillion-dollar asset manager with key holdings in all the major U.S. markets as well as Canada and Australia. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. Super-crops are genetically modified seeds, crops and livestock to maximize as much yield as possible. People want to know, Why does Bill Gates want all this land?. And Gates says investing in more farmland in the future is not off the table. Is Gladstone Land Corp (LAND) A Good Investment? In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! dvelopper et amliorer nos produits et services. from February that showed there were more than 895 million total acres of farmland in the country last year. Goehring, however, reiterated the legality of owning farmland in the United States. What Asset Class Is Farmland Considered To Be? Farmlands will only become more automated in the future. Bill Gates is about to change the way America farms The cofounder of Microsoft and his wife make an auspicious debut on the 2020 LAND REPORT 100, as America's largest private farmland owners. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Additionally, because the farmers don't have access to state-of-the-art agriculture tools or technology, they never maximize yield potential. And thats where the land purchases come in. Investing in farmland is not as volatile as investing in traditional stocks. In January 2021, the Bill & Melinda Gates Foundation launched Gates Ag One, a nonprofit charitable firm. Cascade Investment began purchasing farmland in significant strides in 2013. We have lots of water. Gates Foundation Buys Land For Farms | PYMNTS.com In a recent episode of 60 Minutes, Gates explained that zero-carbon energy sources like nuclear power are vital in reducing the emissions that warm the atmosphere. And Eastern Washington has some of the richest, most expensive farmland in the country. It seems like Gates is getting ahead of the curve, relative to future Agri-Tech advances profitability, with his farmland investments. Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. Read more here. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. 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. My investment group chose to do this. Jun 24, 2022, 8:13 AM PDT. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. In fact, Gates is the owner of over. That can mean better yields with decreased use of fertilizers and pesticides. Meanwhile, a rep for Gates did highlight to The Post their Leading Harvest initiative, which requires farmland owners to work to continuously improve soil health, biodiversity and water, air and crop quality on their farms.. Former Microsoft CEO Bill Gates owns a majority of America's farmland. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. Cell ag experts weigh in, Vertical farming should be one instrument in a farmers toolbox, not the whole operation or the farmers competition, Technology is a means, not an end in farming: Key takeaways from Indoor Ag-Con 2023, Digitizing the supply chain drove investment increase in African agrifoodtech in 2022, It will be a year of bust-ups, roll-ups and M&A: VC predictions for agrifoodtech investment, Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets, Food & ag corporates prefer to engage with academia, research over startups, according to open innovation report. Thats a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. 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. Microsoft co-founder Bill Gates is well known for his philanthropy and his crusade against climate change. by Harvard Universitys Joint Center for Housing Studies. While private companies and corporations are increasing. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. mesurer votre utilisation de nos sites et applications. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Learn more about fact-checking at AP. There is absolutely no connection between the Gate[s] North Dakota farmland investments and the Fufeng Group, a spokesperson for Cascade Investment, which oversees the investments of the Bill & Melinda Gates Foundation Trust and Bill Gates, told The Post.
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