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. Thousand-acre transactions such as the sale of 6,000- acre Weidert Farm to Farmland L.P. two years ago and the 6,175-acre Broetje Orchards acquisition by the Ontario Teachers Pension Plan last year are blue-moon events. Why doesnt everyone just invest in farmland then? The burgeoning metropolis of Monterey, population 462, rang a bell, but despite my best efforts, I couldnt connect the dots to anyone whom we had profiled in The Land Report or, for that matter, anyone who was on our watch list. 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. Additionally, because the farmers don't have access to state-of-the-art agriculture tools or technology, they never maximize yield potential. by Harvard Universitys Joint Center for Housing Studies. People that live in that area, people that live around the state know about the situation, Goehring said in response, Theyre probably more angry because, first of all, they dont want Bill Gates as a neighbor, but the land was sold for less than what it would have been auctioned.. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. Some of it goes to surrounding states, across the border, or it ends up someplace else. 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.. Rating: False About this rating Context In April 2022, conspiracy theorists insinuated that billionaire Bill Gates. BlackRock also does not own the majority of the country's 80 million single-family homes. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. 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. Given that Gates is the third-richest person in the world with an estimated net worth of $132 billion, he falls in behind Tesla founder Elon Musk and Amazons Jeff Bezos those money managers have their hands full. Farmland Riches is sponsored by FarmTogether. It has been said that farmers can't afford to be pessimists. Bill Gates is the biggest private owner of farmland in the United Among the participants in the 13-member Sustainable Agriculture Working Group are Ceres Partners, Hancock Natural Resources Group, The Rohaytn Group, and UBS Farmland Investors. It was his last deal as a free man. He is also the fourth richest man on planet Earth with a net worth of $125 billion. 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,. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. We wont even come close.. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. North Dakota AG Clears Farmland Purchase Tied to Bill Gates - US News People want to know, Why does Bill Gates want all this land? , But hyper-wealthy people like Gates dont make every decision personally, OKeefe notes. This is a sponsored promotion for the AcreTrader platform. Does Bill Gates Own the Majority of US Farmland? | Snopes.com But why specifically North Dakota? While private companies and corporations are increasing. So, if farmers do not improve farming methods, local communities suffer. 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 the Land Report 100, an annual survey of the nations largest landowners. Over 39% of the income generated by farmers in 2021 will come from tens of billions in government subsidy payments.. Cascade Investment began purchasing farmland in significant strides in 2013. You might remember an intriguing story from earlier this year, when an investigative journalist discovered that Microsoft co-founder Bill Gates had been quietly buying up so much farmland. 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. Join the conversation now on LinkedIn or Twitter, or email me at [emailprotected], Foodtech exits continue to lag, but there is cause for optimism, Bell & Evans teams with Cargill, Rodale Institute to transition 50,000 farm acres to organic. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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There was no public announcement, and no notice in the business press. And the traditional ways of owning, operating and profiting from farmland will probably change now that Bill Gates is the largest private owner of farmland in the country. In January this year, the Bill & Melinda Gates Foundation announced that its creating a nonprofit entity called Gates Ag One which will seek to speed up efforts to provide smallholder farmers in developing countries, many of whom are women, with access to the affordable tools and innovations they need to sustainably improve crop productivity and adapt to the effects of climate change.. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. That immediately set off alarm bells, OKeefe says. Why Is Bill Gates Buying So Much Farmland? 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. 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. Any historical returns, expected returns, or probability projections are forward looking statements and may not reflect actual future performance. Bill Gates has bought enormous tracts of farmland. Lets call that strike one. Is Gladstone Land Corp (LAND) A Good Investment? The 2,100 acre potato farm adds to his massive portfolio of farm investments. That means Gates, whose net worth is estimated at some $134 billion. Other questions put to Gates during his Reddit AMA session similarly touched on the sustainability of the agrifood system. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. In 1994, the Gateses hired the former Putnam Investments bond-fund manager to diversify the couples portfolio away from the Microsoft cofounders 45% stake in the technology giant while maintaining comparable or better returns. The day before he went to prison, Ebbers sold Angelina for $32 million. More often than not, farmland sales involve hundreds of acres. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. It is not connected to climate, he wrote. Are you interested in investing in farmland? Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. He assigned his research team to dig a little deeper. 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. The old saying about land is they aren't making any more of it. Supply and demand? 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.. Investors generally are nevertheless buying an increasing share of the U.S. housing market. He also owned a 26,236-acre Louisiana farm. Gates is considered the largest individual private owner of farmland in the country with more than 280,000 acres across dozens of states, according to last years edition of the Land Report 100, an annual survey of the nations largest landowners. Is this just a regular investment move, made on a large scale? According to the Journal, they are even discouraged from using Facebook and other social-media platforms. And already in 2022, the forecast averages about $100 billion in profits. In his new book, How to Avoid a Climate Disaster, Gates explains why raising beef cattle causes more harmful emissions than other forms of agriculture. This is especially helpful if, say, the stock market crashed, and you had a more aggressive stock portfolio (or any large stake in stock at all). Bill Gates Farmland: Why Is the Billionaire Buying So Much? 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. While Gates appears . dvelopper et amliorer nos produits et services. The story went dark on the buy side, however. Agricultural technology advances of the future, or Agri-Tech, will create super productive seeds, sustainable biofuels and super crops. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. 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. 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. Gate's hefty investment in American farmland may also be tied to his interests in developing super-crops. Is Farmland Partners (FPI) A Good Investment? 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. He is also the fourth richest man on planet Earth with a net worth of $125 billion. 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. seed technologies, super-crops and overall farming efficiencies. Contact Land Income today! Which in turn means less impact on the environment. In January 2021, Bill Gates became the largest owner of farmland in the United States. Report: Bill Gates is largest owner of private farmland in U.S., with His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. Cows may be given miracle vaccines to help them produce higher quality milk and meat. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. But in total the Microsoft co-founder owns less than 1% of the nations total farmland. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. 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. Does this investment say anything about the state of the. His portfolio is diversified, in other words. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. 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.. Purchasing your own farm outright means that you are not diversified across many farms; just 1. And Gates says investing in more farmland in the future is not off the table. We have lots of water. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Futures: at least 10 minute delayed. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. 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. Any why now after years of massive success? Some of the wealthiest landowners including Jeff Bezos, John Malone, and Thomas Peterffy are buying up forests, ranches and farmlands across . With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. For more information read our Risk Statement click here. Soon they came back with the answer: The Louisiana company was acting on behalf of Cascade Investment LLC, the secretive investment firm that manages most of the huge fortune belonging to Bill Gates. Bill Gates does not own the majority of U.S. farmland. The project isnt yet funded. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. And the Belmont property is located along Interstate 10, the regions major east-west artery, making it an excellent location for Amazon-style warehouse complexes.
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