Gates owns 17,940 acres in Illinois, the report also states. He is also the fourth richest man on planet Earth with a net worth of $125 billion. This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Its single largest acquisition of farmland came in 2017, when it paid $520 millionto purchase 61 properties from theCanada Pension Plan Investment Board (CPPIB). I forwarded the lead to our Land Report 100 Research Team. With the Washington state acreage and other recent additions to his portfolio, OKeefe calculated, Gates now owns at least 242,000 acres of American farmland. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. The soil profile and underlying silty loess are in a league of their own. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. The Microsoft co-founder is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last years edition of. Either that or I had a screw loose. Nebraska has the third-most Gates-owned farmland in the nation. Gates co-founded Microsoft. There were 895.3. It took a dozen years, but the ownership of that Louisiana farmland went from Bernie Ebbers to Bill Gates with a couple of stops in between. Former Microsoft CEO Bill Gates owns a majority of America's farmland. The landowners can include investors like Gates. The new green economy will mean new opportunities for land owners, OKeefe believes. Why Bill Gates is Buying Farmland. Futures: at least 10 minute delayed. One must be an optimist to be an American farmer. ", Gates responded at the time, "My investment team bought the farmland. 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. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. The endowment that funds the Bill & Melinda Gates Foundation is independently managed by a separate entity, the Bill & Melinda Gates Foundation Trust, a spokesperson for Cascade Investment told The Post. Gates is in 49th spot but rising. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. I dont think the poorest [] countries will be eating synthetic meat. Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. Going forward, in line with the spirit of Leading Harvest, Cascade plans to continue to evaluate and implement new initiatives that will improve the overall sustainability of its farmland portfolio, the spokesperson revealed. In 2018, when 100 Circles sold, it was even better. Top 5 farms with the largest acreage in the U.S. How farmers can maximize the value of forestland, Northeastern Indiana farmland sells for $19,984 per acre. The Best North Dakota Farmland to Invest in There are specific regions within North Dakota that are better suited for growing certain commodities. The same logic likely holds for Gates Arizona acquisitions. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. More farmland investments may help struggling farms survive. Many people wonder why Bill Gates would make these moves with his investment portfolio. And the most significant way that Gate's investments may affect farming is causing more people to see farmland as something to invest in rather than take farmland existence for granted. Corporations own the other 3% and rent land or buy many of the crops owned by the 97%. 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. The cofounder of Microsoft and his wife make an auspicious debut on the 2020 LAND REPORT 100, as Americas largest private farmland owners. 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. 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. Thats a ginormous deal, one that pencils out to almost $12,000 per acre for a whole lot of acres. What is certain is that Gates won't be the last private citizen to do so. Additionally, these small-scale, developing country farms serve local communities. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. However, there are also countless farmland investing platforms gaining traction now too. According to the United States Department of Agriculture, profits in the farming sector have increased by $23.9 billion in 2021. It has been said that farmers can't afford to be pessimists. Some partners in the Arizona project issued a press release touting plans to build a forward-thinking community that embraces cutting-edge technology. There was talk of high-speed digital networks and autonomous logistics hubs. That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. Here are the top farmlands in ND. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. Sorry, but that didnt pass the sniff test. Gates was also asked which niche technology he believed could play a significant role in the battle against climate change. 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. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. My investment group chose to do this. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. In fact, Gates is the owner of over. Additionally, because the farmers don't have access to state-of-the-art agriculture tools or technology, they never maximize yield potential. So, what's the interest in farmland? The world is moving forward with renewable energy sources like solar and biofuels. The story went dark on the buy side, however. 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. Download free guide with advice for beginners. 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. And the methods may cost more than the value of the yield. Gates, a well-known philanthropist concerned with food insecurity in developing nations, could be betting that the next advancements in seed technology will be furthered on American farms. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. Since his divorce, it is unclear how the assets were split up between the couple. 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. That was the missing piece of the puzzle I had been searching for as I read the Tri-City Herald story. Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce. Farmland as an investment offers low volatility. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. So, if farmers do not improve farming methods, local communities suffer. While he questioned if cell-cultured meat will ever be economical, he said that plant-based protein makers like Impossible FoodsandBeyond Meat have [a] quality road map and a cost road map that makes them totally competitive., How do you feel about the Gates owning so many of Americas farm acres? 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. Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. He also owned a 26,236-acre Louisiana farm. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. I have invested in these farms to make them more productive and create more jobs. Talk about big bets. Arable farmland is a finite commodity, and you should invest now. Farmland Index. Please consult with your legal and financial advisors before investing and do not invest unless you are able to sustain the risk of loss of your entire investment. According to The Land Report, at the time, Gates had a total of 268,985 acres, almost all of which is active farmland. Or, have more control over the resources we all use and need. That means Gates, whose net worth is estimated at some $134 billion. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. But a Gates spokesperson said in a statement on Friday that the claim that hes bought the majority of the nations farmland is false, pointing to a U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. This private U.S. farmland REIT was a joint venture between Duquesne Capital Management and Goldman Sachs that launched in 2007. The cost is prohibitive for agricultural use of water. The world is running out of oil. Over time, Gates sold personal stock in Microsoft and. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. Farmland investments overseen by Cascade are completely unrelated to the Foundations programs or efforts to advance agricultural development in Africa or anyplace else in the world.. (Although our researchers identified dozens of different entities that own the Gateses assets, Larson himself operates primarily through an entity called Cascade Investment LLC.). Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single family houses but Im supposed to believe the biggest threat to us is Elon Musk buying Twitter? read one representative tweet thats been liked or shared on the platform more than 250,000 times. of the richest people in the country, owns less than one percent of the nations total farmland. In its review, the Midwest Center found that Baloo Enterprises LLC purchased: 1,926.3 acres of farmland in Douglas County for at least $19,694,096 between 2016 and 2019. However, Bill Malone is an American billionaire businessman who owns over 2.2 million acres of farms, ranches, and forests in the United States. If Chinas gonna be there, theyre gonna be darn close to the airbase there, resident Charles Sabol said, also expressing his concerns about the Gates investment, in the meeting recorded by The Dakotan. We've received your submission. What do you think it could mean for the future of farming and food production? Indian farmers tending to rice fields by hand. 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. And already in 2022, the forecast averages about $100 billion in profits. The old saying about land is they aren't making any more of it. Supply and demand? In an interviewwithMIT Technology Review last month, Gates argued that higher-income societies should completely replace their consumption of cattle-derived beef with synthetic alternatives. As Slate financial writer Henry Grabar concluded, the proposed town of Belmont is not a city, nor is it smart, nor does the Microsoft founder appear to be involved in any meaningful way.. "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?" If youve been on the fence about getting into farmland, maybe now is the time to reconsider. All https://www.barchart.com/solutions/ is provided by Barchart Solutions. Some of it goes to surrounding states, across the border, or it ends up someplace else. 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). And its headquarters was in you guessed it Monterey, Louisiana. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. In fact, Gates is the owner of over 270,000acres of farmland, which is worth over $700 million! And Eastern Washington has some of the richest, most expensive farmland in the country. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. The current best estimate is that the modern world will run out of fossil fuels, and the ability to fuel its global fossil-fuel run infrastructure, by the year 2067. In 2017, Angelina Plantation changed hands one more time and became one of the principal farmland assets in the Gateses Cascade Investments portfolio. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Cascade Investment doubled down on Phoenix transitional land two years later when it made a second major investment by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million. Without innovation, we will not solve climate change, Gates said. Partnering with Monsanto to create these super seeds is also part of the plan. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. This is because of more intense seasons of drought and rain. However, no one knows precisely when that will happen. Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. 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. Bill Gates' $13.5 million investment in 2,100 sprawling acres of North Dakota land has raised questions as the purchase coincided with a controversial Chinese company buying 370 acres of. Bill Gates does not own the majority of U.S. farmland. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. 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. 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. One of the most telling moments in the field that summer came when a soil scientist by the name of Alan Busacca grabbed a shovel and stepped into a 10-foot trench that had been ripped open on the farm by a Caterpillar 336. Turns out that very same property had caught my eye way back when The Land Report was preparing to launch in 2006. 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. A spokesman for Cascade Investment declined to comment on any of the details associated with these transactions or the Gateses holdings, other than to say that Cascade is very supportive of sustainable farming. 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. Angelo Merendino for The New York Times. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. Not surprisingly, one of Leading Harvests other inaugural members is a Cascade entity called Cottonwood Ag Management. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. However, Microsoft wasn't Bill Gates' only successful venture. According to some scientific estimates, there may be only 1.7 trillion barrels of oil in the world today. He was right when he predicted the COVID-19 epidemic in 2015. We need a lot of technologies synthetic meat, energy storage, new ways of making building materials, he wrote. It is not connected to climate, he wrote. Thats exactly what I thought. Currently, more than 2 million acres in 22 states and an additional 2 million acres in seven countries are represented. Access your favorite topics in a personalized feed while you're on the go. Gates' interest in farmland is still strong. There was no public announcement, and no notice in the business press. The region west of Phoenix is booming. Tens of thousands of acres? In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. Called Leading Harvest, the organizations goal is to create a sustainability standard that can be implemented across the greatest swath of agricultural acreage. 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. Essentially, by year 2030, the estimated results of what carbon emissions (and their, Eradicate major diseases such as polio, malaria, and HIV, Reduce child death by half across the developing countries in Africa, Educate and empower small-holder farmers through mobile banking, Featured in the agricultural side of their plan is a strategy for.
Lamonica Funeral Home,
Crossmen Audition Packet,
Indoor Kid Activities In Houston, Tx,
Articles B