bill gates buying farmland map

The groups founding members are expected to spearhead the rollout of the new standards on their own lands. Ebbers was many things a dreamer, a liar, a swindler and he loved land. Why is Bill Gates buying up US farmland? - DW - 04/09/2021 That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. The Best North Dakota Farmland to Invest in There are specific regions within North Dakota that are better suited for growing certain commodities. According to a press release by the Grand Forks council, Fufeng Group has chosen the town as its first US-based manufacturing facility after a 16-month comprehensive evaluation process, where they are expected to produce 25 million bushels of corn annually. Click here to view current offerings on AcreTrader! However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. 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 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. Gates co-founded Microsoft. The Gateses largest single block of dirt was acquired in 2017: a group of farmland assets owned by the Canada Pension Plan Investment Board. Foundation staff have no influence on Trust investment decisions, and no visibility into the Trusts investment strategies. Why doesnt everyone just invest in farmland then? To see all exchange delays and terms of use, please see https://www.barchart.com/solutions/terms. The world is running out of oil. In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. All https://www.barchart.com/solutions/ is provided by Barchart Solutions. The world is moving forward with renewable energy sources like solar and biofuels. What Returns Should You Expect From Farmland Investing? 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. 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. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. 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. According to the Tri-City Herald, a 14,500-acre swath of choice eastern Washington farmland in the Horse Heaven Hills of Benton County had just traded hands for almost $171 million. There were 895.3. 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. Air Force, 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, $13.5 million investment in 2,100 sprawling acres. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Any historical returns, expected returns, or probability projections are forward looking statements and may not reflect actual future performance. 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. At current valuations, its one of the nations best farmland opportunities. Even in an age of rapidly encroaching automation, it isn't, and never has been, easy being a farmer. The small LLC had $171 million . Are you interested in investing in farmland? Bill Gates is about to change the way America farms In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. seed technologies, super-crops and overall farming efficiencies. The same logic likely holds for Gates Arizona acquisitions. Gate's private American farmlands are worth an estimated $690 million.. Gates was speaking to Redditors during an event marking the release of his new book, How to Avoid a Climate Disaster.. Gates owns 17,940 acres in Illinois, the report also states. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. 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. 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. Call it a hunch, but the story did not jibe. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. 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). People are going to pay attention to what Bill is doing, Sherrick says. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. The typical farmer may plant anywhere between 75,000 to 250,000 seeds per acre to maximize as much seed yield advantage as possible. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. Pessimistic conspiracy theories abound, but Bill Gates, America's largest farmland owner, is born from non-salacious and pragmatic reasons. But the purchaser of record was a small, obscure company in Louisiana. Why Is Bill Gates Buying Farmland? You'll be Surprised According to The Land Report, at the time, Gates had a total of 268,985 acres, almost all of which is active farmland. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Cows may be given miracle vaccines to help them produce higher quality milk and meat. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Committing the resources to launch this all-important standard validates the assertion that Cascade supports sustainable strategies that advance resiliency and efficiency, retain talent, and reduce regulatory burdens. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. At least thats what the developers partnered with Gates investment group have promised. 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. 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 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. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. All Rights Reserved. The billionaire couple, in less than a. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. It has been very fulfilling for me and is my full time job," Gates continued. Bill Gates Defends Farmland Purchases: 'There Isn't Some Grand Scheme' Youre not investing in a building that will decay over time, but the rich farmland itself. Yet farmland assets arent the sole component of the Gateses landholdings. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Turns out that very same property had caught my eye way back when The Land Report was preparing to launch in 2006. 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? 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. Not surprisingly, one of Leading Harvests other inaugural members is a Cascade entity called Cottonwood Ag Management. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. ALT TEXT: Indian farmers tending to rice fields by hand. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Report: Bill Gates is largest owner of private farmland in U.S., with Since its IPO in 1985, Microsoft has seen continual success. Gates is just using farmland to make Agri-Tech and financial investments. However, there are also countless farmland investing platforms gaining traction now too. Officially, the general public doesnt know exactly what Bill Gates growing farmland estate is being used for. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. We've received your submission. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. Neither of these are a perfect option. Inside Sofia Richie and Elliot Grainge's $26.9M newlywed mansion, Inside NYC's charming Villa Charlotte Bront, where units rarely list, Secluded North Carolina home with its own private beach that went viral lists for sale, The best-dressed celebs at the 2023 Met Gala: Rihanna, Gisele Bndchen, more, Kim Kardashians Met Gala 2023 look sparks comparisons to Playboy cover, Kim Kardashian, Pete Davidson reunite at Met Gala 9 months after breakup, Khristina Williams previews the New York Liberty's 2023 WNBA season, Katy Perry will be temporarily replaced on 'American Idol' amid drama, Woman has 'loud, full body orgasm' in the middle of LA concert. The Land Report magazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. Angelo Merendino for The New York Times. His . 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. I forwarded the lead to our Land Report 100 Research Team. When Ebbers owned this Louisiana farm, it was known as Angelina Plantation. "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce. Biofuels are renewable fuel sources that are created from the biomass of animals and plants. ", Gates responded at the time, "My investment team bought the farmland. Strike two. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! One of my favorite Clint Eastwood movies is the 1999 mystery/thriller True Crime. Partnering with Monsanto to create these super seeds is also part of the plan. Microsoft co-founder and philanthropist Bill Gates responded to questions about his farmland investments during an Ask Me Anything (AMA) session on social media platform Reddit this weekend. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. Now, Bill Gates adds being the largest, private owner of American farmland to his career achievements. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. This is because of more intense seasons of drought and rain. What is certain is that Gates won't be the last private citizen to do so. 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. People want to know, Why does Bill Gates want all this land?. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. But in total the Microsoft co-founder owns less than 1% of the nations total farmland. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Does Bill Gates Own the Majority of US Farmland? | Snopes.com But some of the software pioneers investments do reveal his grander goals. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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.. Ebbers subsequently pledged Douglas Lake as collateral for $400 million he ended up borrowing from WorldCom, and in 2003, WorldCom sold Douglas Lake to Kroenke Ranches. The company also took to Twitter to reject the false narrative. 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). Talk about big bets. In 2017, Cascade Investment bought a significant stake in 24,800 acres of transitional land on the western edge of Phoenix, the most populous city in Arizona and the tenth-largest metropolitan area in the country. 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. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. Janiecs sources said some of the AgCoA assets were quickly sold off, but according to the Land Report 100 Research Team, an estimated 242,000 acres of farmland remained. Bill and Melinda Gates own 70,000 acres of Louisiana farmland; what For example, ethanol is a biofuel made from corn, barley, or sorghum and used as a gasoline alternative. Well, as with everything in life, there is always a trade-off especially in finance. In 1998, when he was the toast of Wall Street, the telecom cowboy paid British Columbias Woodward family the astronomical sum of $73 million for Canadas largest ranch: 500,000-acre Douglas Lake, a 22,000-head cattle operation. A spokesperson for Cascade Investment a firm chaired and controlled by Bill Gates, and possibly what he was referring to as my investment group on Reddit declined to comment on specific land holdings at the time. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Many people wonder why Bill Gates would make these moves with his investment portfolio. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. All Rights Reserved. In 2005, the former WorldCom CEO was convicted of securities fraud, conspiracy, and filing false reports that were instrumental in WorldComs $11 billion dollar accounting fraud. Some are near cities and might end up having other uses.". APS ASSESSMENT: False. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Farmland Index. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Access your favorite topics in a personalized feed while you're on the go. According to Bruce Sherrick, a professor of agricultural economics at the University of Illinois at Urbana-Champaign, about 60 percent of row-crop farmland in the Midwest is leased. At its listed headquarters 8318 Highway 565 Angelina Agriculture boasted two employees and reported annual revenues just north of $300,000. 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. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. Over 39% of the income generated by farmers in 2021 will come from tens of billions in government subsidy payments.. How about Google Maps? That proposed superhighway would run across a 5-mile stretch of the Belmont property. Called Leading Harvest, the organizations goal is to create a sustainability standard that can be implemented across the greatest swath of agricultural acreage. a Reddit user asked. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters But if it ever gets built, it would boost the value of Gates land dramatically. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. Future crops may be designed to grow better in droughts, heatwaves and withstand disease. Featured in the agricultural side of their plan is a strategy for subsistence farmers and other small-acre farms in Africa and the developing world education, resources, and layaway payment plans which can be used through smartphones. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but that's still a relatively small slice of the nation's nearly 900 million total farm acres. It was his last deal as a free man. 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. 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. Investment guru Michael Larson, who has worked with Gates since 1994, runs the Washington-based Cascade Investment, as well as supervising the Bill and Melinda Gates Foundations nearly $50 billion endowment. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. Bill Gates reveals reasons behind massive farmland purchases However, Bill Gates investing in farmland may encourage others to begin viewing farmland as smart investing opportunities. While Microsoft took a major hit in the tech crash of 2000, Bill Gates portfolio with Cascade would gain around 40% return in that same year. Why am I just learning about this NOW?. My investment group chose to do this. The agriculture sector is important. His idea, like many others, was to diversify his investments across different asset classes. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. In January 2021, Bill Gates became the largest owner of farmland in the United States. Invest like Bill Gates with the Best North Dakota Farmland However, no one knows precisely when that will happen. 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. So I took a look at Dun & Bradstreet. 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. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. 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. 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. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. 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. And from an agricultural perspective, the region surrounding Walla Walla and the Horse Heaven Hills has evolved into a commercial hub, complete with controlled atmosphere (CA) storage, state-of-the-art transportation infrastructure, and ready access to low-cost hydropower. There was no public announcement, and no notice in the business press. Arable farmland is a finite commodity, and you should invest now. For more information read our Risk Statement click here. By Eric O'Keefe 1/15/2021 Listen to article Photo credit: Chesnot, Getty Images Call it a hunch, but the story did not jibe. He was right when he predicted the COVID-19 epidemic in 2015. 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. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. 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. Investors generally are nevertheless buying an increasing share of the U.S. housing market. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. Much like the Bill & Melinda Gates Foundation uses science and technology to achieve a number of worthy goals including transitioning millions of people out of poverty, improving peoples health and well-being, and ensuring that all people have access to opportunities necessary to succeed in school and in life Cascades farmland holdings also aim to further laudable objectives. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. 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. Bill Gates is an American technology pioneer. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. CSC Leasing: Non-dilutive Funding for AgTech Startups, Americas Cultivation Corridor: We Grow AgTech Innovation, largest portfolio of private farmland in the US, replace their consumption of cattle-derived beef, How to implement digital agriculture, step-by-step, The Week in AgriFoodTech: Restaurant order app me&u bagged $30m, Remilk approved for Israeli markets, biomaterials bonanza, First Bite: Better Bite Ventures backs four early-stage APAC alt protein startups, from cauliflower ice cream to cultivated seafood. According to the United States Department of Agriculture, profits in the farming sector have increased by $23.9 billion in 2021. 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. 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. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce 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.

Whitney Bates Wedding, Rx8 Rocket Bunny Ducktail, Desert Foothills Events And Weddings Cost, Articles B