Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. 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. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. Bill Gates' farmland purchase raises red flags The Consumer Price Index shows chicken prices, including fresh whole chicken and fresh or frozen chicken parts, have increased 11% over the last year. No one but Bill Gates knows that answer. However, there are also countless farmland investing platforms gaining traction now too. While this is certainly a lot of acreage, it represents less than 1% of all the farmland in the United States. 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. But there is no evidence these investments are linked to a nationwide shortage in chicken and egg products. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. But the fact remains, as the Daily Mail notes, Gates computer "nerd" and . Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. The tech billionaire owns 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 20,588 acres in Nebraska. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. Who is the largest farmer in the United States? In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Bill Gates Is Buying Up American Farmland. But Why? The . Bill Gates (AP Images) Bill Gates is buying up America's farmland. Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable, nourishing food for future generations 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. 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). While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. Bill Gates gobbling up Florida farmland | News | sharonherald.com Gates owns less than 1% of the nations farmland. Your membership is the foundation of our sustainability and resilience. 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. Estes, Nick. Bill and Melinda Gates own 70,000 acres of Louisiana farmland; what Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. Where Does Bill Gates Own Farmland in the US. This, combined with holiday demand and continued coronavirus pandemic-related supply-chain pressures, have affected the market. Read next:Bezos-Backed Startup Lets You Become A Landlord With $100. Who are the biggest absentee landowners in Illinois? "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. This material may not be reproduced without permission. 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. Invitation Homes, for example, has approximately 80,000 homes for lease across the country and is the largest landlord for single-family homes in the United States (here) (here). Owning farmland is one of the most prudent financial investments to make now. Representatives for Gates did not immediately respond to messages from Insider requesting comment. "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 explains why he buys so much farmland Amazing, if truebut its extremely not. Bill Gates: Americas Top Farmland Owner | The Land Report. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. There are 94.6 million single-family houses in the United States, according to the latest data available from the U.S. Census Bureau American Housing Survey (2019) (bit.ly/3seI7kV). While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Bill Gates is America's biggest farmer with 269000 acres farmland which Former Microsoft CEO Bill Gates owns a majority of America's farmland. 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. 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). See here for a complete list of exchanges and delays. Gates' farmland purchases, which have mostly been made in the last five years, started in 2017 when he bought $520 million of farmland spread over five dozen properties from the Canada. 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. I had heard this in the past, but didn't give it much thought. Bill Gates Buys Farmland in Amish Country - YouTube In a March 2021 "Ask Me Anything" session on Reddit, Gates was asked why he had purchased so much farmland. 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. State law prohibits corporations, LLCs, and trusts from farming or ranching activities. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. 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. 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. As per the report, the Gates have their own land in at least 18 American states. Are you ready for alternative proteins made from a volcanic microbe? Our only agenda is to publish the truth so you can be an informed participant in democracy. Although Gates owns these farms, he isnt changing their practices. "It is not connected to climate. 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. Talk about big bets. Bill Gates and conspiracy theories go together like peanut butter and jelly. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Distance from Michigan to Detroit The shortest route between Michigan and Detroit is, Michigan law is absolutely clear that an adult over the age of 21 shall not sell or furnish alcohol to a minor. Hearst Magazine Media, Inc. All Rights Reserved. Bill Gates just bought almost 3,000 more acres of farmland in North Dakota, a purchase that was eventually cleared by the North Dakota Attorney General even though it raised numerous questions about his intentions and why he has been buying up over a hundred thousand acres of American farmland. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton.
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