where is bill gates' farmland in michigan

To put it into perspective, if all of Gates land was in one place, it would cover about 25% of Rhode Island. "I've gotten a big earful on this from clear across the state, it's not even from that neighborhood," Doug Goehring, the state's agricultural commissioner, told a local NBC affiliate this week. Bill Gates purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the 2,100 acres of farmland in the state last week. Bill GatesWith almost 269,000 acres, Bill Gates retained his ranking as Americas largest private farmland owner. Read more about our work to fact-check social media posts here . Billionaire Bill Gates reportedly shopped for 'hundreds of acres of farmland' in Turkey while vacationing aboard a superyacht that emits an estimated 19 tons of CO2 a day before heading to the . Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Click here to view current offerings on AcreTrader! "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. During times of uncertainty, people often look for someone to blame, and peddlers of misinformation are quick to tell others at whom they should be pointing their fingers. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? The total portfolio of farmland is worth well over $700 million. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Gates said during a Reddit AMA: My investment group chose to do this. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single-family houses but I'm supposed to believe the biggest threat to us is Elon Musk buying Twitter? one Twitter user wrote (here). We invest in the farms to raise productivity. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. In reality, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. Here in Michigan, roughly 1.35 million acres of ag land is held by foreign investors and nearly 90% of this land is in forests. These allow investors to get stared with as little as $10,000. Bill Gates is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. as well as other partner offers and accept our. 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. In fact, Gates is the owner of over. North Dakota Agriculture Commissioner Doug Goehring spoke with KFYR, stating that the public reaction to the purchase has been negative. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. However, there are also countless farmland investing platforms gaining traction now too. The Guardian, https://www.theguardian.com/commentisfree/2021/apr/05/bill-gates-climate-crisis-farmland. In January 2021, Bill Gates became the largest owner of farmland in the United States. Accessed 28 Apr. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. Gates' 242,000 acres amounts to about 0.03% of the total. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Why? 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). Who owns the most property in Detroit Michigan? (here). Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. Who knows. Top editors give you the stories you want delivered right to your inbox each weekday. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 33701 It reported that as of 2022, Gates owned about 248,000 acres of farmland. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. What Asset Class Is Farmland Considered To Be? The Detroit Land Bank Authority (DLBA) is a public authority that owns and manages approximately 100,000 parcels of property in the City of Detroit making it the citys largest landowner.Detroit Land Bank Authority. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. All quotes delayed a minimum of 15 minutes. Benzinga does not provide investment advice. Does this investment say anything about the state of the. You're looking into Bill Gates' Red River Trust purchase of . Microsoft co-founder Bill Gates is America's top private farmland owner. Check out:How To Invest In Real Estate With $100. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. 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. Bill Gates owns almost as much U.S. agricultural land as China at 248,000 acres, . Weyerhaeuser purchase Plum Creek in 2015 for over $8 Billion! 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. Toxic chemicals known as PFAS, or per- and, 2 hours, 2 minutes. Just over 70% of these were owned by individual investors. The figure is far below the total area of U.S. farmland. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. 3. I have invested in these farms to make them more productive and create more jobs. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Well, as with everything in life, there is always a trade-off especially in finance. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid the long-time conspiracy theory that he owns some 80% of all U.S. farmland to rest in . Gates does own a lot of farmland. Although Gates owns these farms, he isnt changing their practices. Does Michigan Allow Personal Tax Exemptions? Microsoft founder Bill Gates and his wife Melinda have amassed the largest portfolio of private farmland in the US, according to The Land Report. According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate value s nationwide increased 7% from 2020 to $3,390 per acre. Why? The Guardian, 5 Apr. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. However, when you read between the lines with an objective and open mind, one can infer much. It isless than .1% of all US farmland because the ownership is so diverse. 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. The current chicken and egg shortages trace mainly to an avian flu outbreak in the U.S. that began in early 2022 and was exacerbated by holiday demand and supply chain problems, the Agriculture Department reported. Michigan Muslim Group Warns State That LGBTQ Bill Might Be Unconstitutional CAIR has objected to the Michigan Senate's passage of an expanded version of a state human-rights law protecting LGBTQ . It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? The tide began to shift in the early 2000s, when institutional investors began to give farmland a closer look. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Michigan. One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. - Farmland Riches where is bill gates' farmland in michigan. Neither of these are a perfect option. Stay up to date with what you want to know. Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley. The agriculture sector is important," Gates wrote. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Who is the largest landowner in the world? 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. Hes the largest landowner in the United States. Gates and his investment team own more than 240,000 acres, as reported by OKeefe, including 2,167 acres in Michigan. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. 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. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Gates is No. Earlier this week,North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, stating that its corporations and LLCs were prohibited from owning or leasing farmland or ranchland in the state of North Dakota. Wrigley added that these entities were banned from engaging in farming or ranching.. Are you ready for alternative proteins made from a volcanic microbe? The Agriculture Department has said the avian flu outbreak in the U.S. is the main contributor to low inventory and high prices. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. Today, Bill Gates owns 242,000 acres of farmland in 19 states. The U.S. Federal Government. The North Dakota purchase would put those total holdings at more than 270,000 acres, though it's not clear how the property is being divided following Gates and French Gates' divorce last year. Are you ready for alternative proteins made from a volcanic microbe?," March 24, 2020, NPR, "Why Bill Gates Is Investing In Chicken-Less Eggs," June 13, 2013, CNN, "Memphis Meats raised $161 million to grow meat from cells," Jan. 22, 2020, Insider, "Bill Gates and Richard Branson backed a food startup which grows meat in labs," Aug. 23, 2017, CNBC, "How Beyond Meat became a $550 million brand, winning over meat-eaters with a vegan burger that bleeds'," Jan. 21, 2019, Quartz, "Bill Gates headlines an all-star list of investors pumping $75 million into meatless burgers," Aug. 2, 2017, CNBC, "How Impossible Burgers simple vision won hundreds of millions in funding and backing from Bill Gates," March 7, 2019, The Washington Post, "Egg prices havent come down with inflation. In fact, he reportedly owns more farmland than any other individual in America. 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. Gates is just using farmland to make Agri-Tech and financial investments. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. More than 58 million birds in hundreds of commercial and backyard flocks have been affected since the bird flu outbreak began in February 2022, the Agriculture Department estimated. While many have also speculated that Gates' land purchases were in some way related to his efforts to curb climate change, Gates has said that the two are unrelated. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Document shows Rebekah Jones demonstrated a violation of Floridas Whistleblower Act. 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. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. Our state produces about 75 percent of the nations tart cherry crop. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. 2,167 acres. His idea, like many others, was to diversify his investments across different asset classes. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. Gates private office, Gates Ventures, told PolitiFact this claim is false. At about $6,000 per acre, the potato farm cost roughly half of what Gates reportedly spent on highly coveted soil closer to his home in Washington. Bill Gates gobbling up Florida farmland; investment arm recently paid $28M for 4,500-acre tract. Your membership is the foundation of our sustainability and resilience. Nov 14, 2022. Cascade Investment began purchasing farmland in significant strides in 2013. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. The North Dakota attorney general's office recently inquired into a 2,100-acre farmland purchase by Red River Trust, an entity affiliated with Bill Gates. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. While Gates has spent billions investing in agricultural properties to make them more productive, a growing number of retail investors are getting a piece of the real estate market with as little as $100 through companies backed by high-profile investors like Jeff Bezos. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. According to 2021 article from the Land Report, a magazine about land. The $13.5 million sale in November of roughly 2,100 acres in the northeast corner of the state was first sleuthed and reported by AgWeek's Mikkel Pates earlier this month. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Mar 4, 2009. 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. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. I had heard this in the past, but didn't give it much thought. See MCL 436.1701., Michigan taxpayers are allowed to take a number of exemptions, depending on the number of people in the taxpayers household, their ages, and other factors, If the defendant is held for more than 24 hours without being brought before the court under subsection (2), the officer in charge of the, An ORV or off-road vehicle is a motor-driven, recreational vehicle capable of driving on a range of terrains not limited to roadways and, Michigan leads the nation in tart cherry production. Another meme circulating online reads: Bill Gates is buying all the farmland. Talk about big bets. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. The mogul's holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. St. Petersburg, FL But these land holdings account for only a tiny share of the countrys total farmland. Claims online that billionaire Microsoft co-founder Bill Gates owns the majority of U.S. farmland and that BlackRock, the worlds largest asset manager, owns the majority of U.S. single-family houses are factually inaccurate, according to industry data and spokespeople for Gates and BlackRock. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. Since it works as an investment for him, it also includes the benefits of using land as an . His . Bill Gates reportedly owns more farmland than anyone else in the United States. Hint, It's Not Bill Gates. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! This material may not be reproduced without permission. .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. Reuters traced the figure cited by social media posts as the number of acres owned by Bill Gates to The Land Report, which reports on major land ownership in the United States. As unfounded rumors related to the cause of a yet-to-happen food crisis circulated online, many people started to point fingers at a favorite target of conspiracy theorists, former Microsoft CEO Bill Gates. to not use their land, is working towards their real agenda. So, what's the interest in farmland? 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. KX News' Josh Meny sat down with Vogel who says the Attorney General's office is impeding her investigation into the purchase. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres . Costs are expected to fall in the coming weeks as egg-laying flocks are restored. No one but Bill Gates knows that answer. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.". In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. Official govt docs expose Michelle Obamas 14 year history as a man., "Woody Harrelsons 60 seconds in the middle of his monologue was cut out of the edits released after the show., BREAKING Trump preps Marines to stop presidential coup.. Who owns the most farmland in the world? Then, on Tuesday, the North Dakota attorney general's office sent a letter to the Red River Trust notifying a trustee, Peter Headley, of a Depression-era rule barring companies, LLCs, and trusts from farming and ranching activities in the state. 2023 Benzinga.com. Pregnancy tests include a hidden Plan B pill. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. Owning farmland is one of the most prudent financial investments to make now. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. It's not part of his plans to save the planet. Hes also written about the need for more ways to produce meat without depleting environmental resources. Bill Gates buys farmland in Amish Country. 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. A 2021 report published by the U.S. Department of Agriculture (USDA) said there were 895,300,000 acres of farmland in the United States. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. The other major crops oats and forages are mostly fed to livestock on farms in the area. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. What special interest does Bill Gates have in farmland? 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. While there are currently no nationwide food shortages in the United States, nor widespread disruptions in the supply chain, the potential of such shortages caused many people to feel that their food security was suddenly uncertain. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. Social media post scrambles the facts on high egg prices, Gateway Pundit, "Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage," Jan. 24, 2023, PolitiFact, "What Bill Gates has to do with livestock, lab-grown meat," May 18, 2020, PolitiFact, "Eggflation? The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%.

Shooting In Gilbert Az Yesterday, Articles W