In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Perhaps history is repeating itself? A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. At buildout, the Belmont development will create a brand-new metropolis, one similar in size to the Phoenix suburb of Tempe, home to Arizona State University and almost 200,000 residents. That means Gates, whose net worth is estimated at some $134 billion. In it, the four-time Academy Award winner plays an over-the-hill journalist who has a nosefor a story. The Tri-City Herald reported that the purchaser was a Louisiana investor, a limited liability company associated with Angelina Agriculture of Monterey, Louisiana. 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. In 2017, Angelina Plantation changed hands one more time and became one of the principal farmland assets in the Gateses Cascade Investments portfolio. But some of the software pioneers investments do reveal his grander goals. 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. Yet farmland assets arent the sole component of the Gateses landholdings. Some of the most sensitive elements of Grand Forks exist with the digital uplinks and downlinks inherent with unmanned air systems and their interaction with space-based assets, Officer, Maj. Jeremy Fox, wrote in an April memo obtained by CNBC, adding that any such data collection would present a costly national security risk causing grave damage to the United States strategic advantages.. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. What Returns Should You Expect From Farmland Investing? You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Additionally, these small-scale, developing country farms serve local communities. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. Currently, more than 2 million acres in 22 states and an additional 2 million acres in seven countries are represented. Learn more about fact-checking at AP. Many people wonder why Bill Gates would make these moves with his investment portfolio. 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. In fact, Gates is the owner of over 270,000acres of farmland, which is worth over $700 million! Bill Gates is about to change the way America farms The cofounder of Microsoft and his wife make an auspicious debut on the 2020 LAND REPORT 100, as America's largest private farmland owners. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Or, have more control over the resources we all use and need. He was right when he predicted the COVID-19 epidemic in 2015. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. He is also the fourth richest man on planet Earth with a net worth of $125 billion. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Gates was also asked which niche technology he believed could play a significant role in the battle against climate change. We have lots of water. The Best North Dakota Farmland to Invest in There are specific regions within North Dakota that are better suited for growing certain commodities. Along with his wife Melinda Gates, Bill owns over 268,000 acres of farmland diversified in over 19 states. 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.. I forwarded the lead to our Land Report 100 Research Team. And it tends to be negatively correlated against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. Farmland Index. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. 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. Bill Gates found to be the largest farmland owner in the U.S - KARK That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. The story went dark on the buy side, however. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. by Harvard Universitys Joint Center for Housing Studies. He died on February 2 surrounded by his family. That proposed superhighway would run across a 5-mile stretch of the Belmont property. According to a 2014 profile of Larson in the Wall Street Journal, these investments include a substantial stake in AutoNation, hospitality interests such as the Charles Hotel in Cambridge and the Four Seasons in San Francisco, and at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana, and other states . According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, cofounder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. Why Bill Gates is Buying Farmland. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Climate change, inefficient farming practices, inclement weather, and plant disease are just a few of the reasons why farms sometimes fail to maximize their true seed yield potential. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. 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. 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. from February that showed there were more than 895 million total acres of farmland in the country last year. 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. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. The total portfolio of farmland is worth well over $700 million. Why Bill Gates and other wealthy Americans buy farmland | AGDAILY The Americas Editor at Agri Investor, Janiec reported that the assets had been offered as a single block and that Microsoft founder Bill Gates is thought to be the buyer of CPPIBs farmland. Janiec stayed on the story, and the following year, he confirmed the parameters of sale when he reported the addition of 61 properties valued at approximately $500 million to the National Council of Real Estate Investment Fiduciaries (NCREIF) U.S. Bill Gates has bought enormous tracts of farmland. As we learned above, in most farmland investment situations, the farmland owner leases their land to tenant farmers, who usually live on and work the land. More often than not, farmland sales involve hundreds of acres. That remains unclear. 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. The project isnt yet funded. 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. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Goehring, however, reiterated the legality of owning farmland in the United States. 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.. Call it a hunch, but the story did not jibe. In their 2018 annual letter, 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. One must be an optimist to be an American farmer. LITTLE ROCK, Ark. These states include: As previously mentioned, Bill Gates investment in farming may precipitate future advancements in Agri-Tech and traditional farming practices, i.e. 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. Are you interested in investing in farmland? So, what's the interest in farmland? Bill Gates does not own the majority of U.S. farmland. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches And the average size of a farm is about 444 acres., The typical family-owned farm makes about $69,000 in profits annually., However, due to climate change, international political tensions, tariff wars and changing consumer diets, family-run farms have struggled to profit. This half-billion-dollar figure corroborated the AgCoA acquisition, and the paper trail led directly to Cascade Investment LLC. The new green economy will mean new opportunities for land owners, OKeefe believes. 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. After losing his appeal in 2006, Ebbers spent most of the rest of his life in a federal prison before being granted compassionate release by a federal judge earlier this year. The agriculture sector is important. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Bill Gates' purchase of North Dakota farmland has locals 'livid': official Turns out that very same property had caught my eye way back when The Land Report was preparing to launch in 2006. 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 farmland just 40 miles away. Bill Gates uses farmland as an investment outlet buying up potato Is this just a regular investment move, made on a large scale? One of my favorite Clint Eastwood movies is the 1999 mystery/thriller True Crime. 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. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Bill Gates' 20,000 acres in Nebraska help make him the top farmland While Bill Gates is technically the largest farmland owner in the United States, he isn't. The old saying about land is they aren't making any more of it. Supply and demand? At least thats what the developers partnered with Gates investment group have promised. 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. Leon Neal/Getty Images. 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. 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. dvelopper et amliorer nos produits et services. Gates Foundation Buys Land For Farms | PYMNTS.com For example, ethanol is a biofuel made from corn, barley, or sorghum and used as a gasoline alternative. We've received your submission. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. One asked about the viability of seawater desalination to solve global water shortages. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Future crops may be designed to grow better in droughts, heatwaves and withstand disease. How about Google Maps? Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce. At current valuations, its one of the nations best farmland opportunities. 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. Technically speaking, Bill Gates ranks 49th on the list of individuals, families, and corporations who own the most farmland. Microsoft co-founder Bill Gates is well known for his philanthropy and his crusade against climate change. Why Bill Gates is the largest private farmland owner in the United Land Income. Bill Gates is an American technology pioneer. 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. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. In a recent episode of 60 Minutes, Gates explained that zero-carbon energy sources like nuclear power are vital in reducing the emissions that warm the atmosphere. 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. Farms also have a role in fighting climate change. His idea, like many others, was to diversify his investments across different asset classes. 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. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Farmlands will only become more automated in the future. 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. Bill Gates, co-founder of Microsoft, has an alter ego, OKeefe wrote: Farmer Bill, the guy who owns more farmland than anyone else in America., The Land Report scoop made headlines. Farmland Riches is sponsored by FarmTogether. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. The acreage sits off Interstate 10, and it is poised to be accessible by Interstate 11, a proposed highway that would traverse 5 miles of the 40-square-mile holding. We've received your submission. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. In January 2021, Bill Gates became the largest owner of farmland in the United States. Neither of these are a perfect option. Bill Gates is an American technology pioneer. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Gates responded: "I own less than 1/4000 of the farmland in the US. is not a registered broker-dealer, investment adviser, or crowdfunding portal under Regulation CF. I readily admit forgetting where and when I first caught wind of it, but the moment I read that Tri-City Herald story, I knew the ending definitely needed a rewrite. Their low fees and competitive returns set them apart from many of the other platforms out there. Bill Gates is now the biggest owner of FARMLAND in the US after buying 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. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a small part of the estimated 911 million acres of farmland in the US. Bill Gates is the biggest private owner of farmland in the United Some of the links on this site are affiliate links. Does Bill Gates Own the Majority of US Farmland? | Snopes.com And already in 2022, the forecast averages about $100 billion in profits. Past performance is no guarantee of future results. But a rep for Gates is calling these claims ludicrous. Oct. 8, 2021. And the rich are now buying up vast swathes of farmland. Senior Airman Dakota C. LeGrand/U.S. New seeds can reduce water use but some areas wont be able to farm as much.. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. In a former life, Angelina, the purchaser that paid $171 million for 100 Circles in 2018, was, in fact, Bernie Ebberss Angelina Plantation. a Reddit user asked. Most of us imagine farmers tilling the soil that has been in their families for generations. Why Is Bill Gates Buying So Much Farmland? While Gates appears . Editor Eric O'Keefe noticed a massive purchase (14,500 acres) of prime farmland in Washington State made by an unknown Louisiana-based LLC with two just employees. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. ", Gates responded at the time, "My investment team bought the farmland. Gates' interest in farmland is still strong. In January 2021, Bill Gates became the largest owner of farmland in the United States. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Louisiana is the. 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. That was the missing piece of the puzzle I had been searching for as I read the Tri-City Herald story. For more information read our Risk Statement click here. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. However, they told The Land Report that Cascade is very supportive of sustainable farming.. It, too, was sold, on September 25, 2006, the day before Ebbers began serving his sentence at the Oakdale Federal Correctional Institution. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. However, Bill Malone is an American billionaire businessman who owns over 2.2 million acres of farms, ranches, and forests in the United States. 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. Cascade leases the majority of its land to farmers and is committed to the safety and sustainability of both its farmland and its people, the spokesperson for Cascade Investment said. However, Bill Gates investing in farmland may encourage others to begin viewing farmland as smart investing opportunities. 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. It seems like Gates is getting ahead of the curve, relative to future Agri-Tech advances profitability, with his farmland investments. The Land Report tracks numerous Louisiana landowners; Angelina Agriculture is not one of them. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Gates is in 49th spot but rising. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters 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. Ebbers was many things a dreamer, a liar, a swindler and he loved land. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. With proper techniques, the carbon from decaying plant matter can be kept safely in the soil, rather than entering the atmosphere in the form of carbon dioxide. It will help farmers in developing countries access Agri-Tech, improve farming tools, learn how to maximize yield better and better adapt to climate change. Arable farmland is a finite commodity, and you should invest now. 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. By Tim Gray. He also owned a 26,236-acre Louisiana farm. 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. It has been very fulfilling for me and is my full time job," Gates continued. 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. 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. Foundation staff have no influence on Trust investment decisions, and no visibility into the Trusts investment strategies. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022.

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