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Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. 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 report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . This article Bill Gates Finally Explains Why He's Buying So Much U.S. Tue, Feb 28, 2023 LOGIN . Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. Is Gladstone Land Corp (LAND) A Good Investment? 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. The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. China has steadily accumulated U.S. Treasury securities over the last few decades. What Bill Gates has to do with livestock, lab-grown meat, Eggflation? The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. So while Dan Gilbert owns the most property downtown, his 30-odd buildings seem small compared to what Kelly, Tatarian, Moroun, and others own. 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. Investors from the Netherlands own 33% of that land with Canadians owning 25%. In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. He was right when he predicted the COVID-19 epidemic in 2015. 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.. Another meme circulating online reads: Bill Gates is buying all the farmland. In a world of wild talk and fake news, help us stand up for the facts. I have written several articles on postings related to Big Tech, Social Media and Corporations. Gates is just using farmland to make Agri-Tech and financial investments. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). We need your help. Louisiana is the top state. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. According to 2021 article from the Land Report, a magazine about land. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Agriculture and the National Bureau of Agricultural Statistics, in the United States there are 362,315,055 hectares of farmland. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. 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. 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. 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 a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. "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?" Bill Gates reportedly owns more farmland than anyone else in the United States. 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. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. In a statement to Reuters, editor of The Land Report and author of the article published by the outlet on farmland owned by Gates, Eric O Keefe, called the claim absurd.. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. Some social media users are claiming recent national chicken and egg supply shortages are the culmination of a decadelong plot by Gates. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Hearst Magazine Media, Inc. All Rights Reserved. What special interest does Bill Gates have in farmland? In the past 20 years, the foundation has grown to hold over $48 billion. Estes, Nick. Other factors are pandemic-related supply chain issues andholiday demand. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}60 Scientists Are Trying to Block the Sun, Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. Accessed 28 Apr. No one but Bill Gates knows that answer. Heres why.," Jan. 10, 2023. Hes also written about the need for more ways to produce meat without depleting environmental resources. Who owns the most land in the world 2021? As per the Land report and NBC report, Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Gates does not own the majority of U.S. farmland. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. 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. (Read more about our partnership with Meta, which owns Facebook and Instagram.). By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! The buyer, Red River Trust, is tied to Bill Gates, the largest farmland owner in the US. The agriculture sector is important," Gates wrote. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . By clicking Sign up, you agree to receive marketing emails from Insider 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. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. Bill Gates Uses Farmland as an Investment Outlet Buying up Potato, Carrot and Onion Farms. NBC News, https://www.nbcnews.com/tech/tech-news/mcdonald-s-french-fries-carrots-onions-all-foods-come-bill-n1270033. He's the new MacDonald: Bill Gates owns hundreds of thousands of acres across the United States including 242,000 acres of farmland making him the country's top agricultural landholder, according to Eric O'Keefe's The Land Report. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. This is a sponsored promotion for the AcreTrader platform. Heres why. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. ", Gates responded at the time, "My investment team bought the farmland. Representatives for Gates did not immediately respond to messages from Insider requesting comment. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important.