You're looking into Bill Gates' Red River Trust purchase of . 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. Check out current deals on AcreTrader now! According to lovemoney.com, the church owns more than 70 million hectares. Many people wonder why Bill Gates would make these moves with his investment portfolio. During his 11th appearance in the "Ask Me Anything" . 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. Agfundernews.com, a website about agricultural investments, reported in 2021 that Gates' investments were part of a broader trend that started after the financial crisis of 2008, as investors looked for reliable returns. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Today, Bill Gates owns 242,000 acres of farmland in 19 states. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. 309. Essentially, by year 2030, the estimated results of what carbon emissions (and their effect on the environment) will look like in 2050 will be decided in full. 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. Nancy Pelosi (purchased) 10,000 shares of Amgen, manufacturer of Nplate, a drug used to treat radiation sickness.. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Hearst Magazine Media, Inc. All Rights Reserved. Farmland, Biden Hears Oval Office Plea for Alaska Oil Project in Lobbying Frenzy, Apple tops ranking of global companies with the most 'green' revenue, UPDATE 2-North Korea says UN should demand end to S.Korea-US military drills, US Treasury puts cost of outbound investment risk program at $10 million, US Jobs Report and Powell Testimony Take Center Stage: Eco Week. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. 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. It's hard to visualize just how much land 242,000 acres amounts to unless . Benzinga does not provide investment advice. The old saying about land is they aren't making any more of it. Supply and demand? researchers warned about the potential risk of a global food shortage, currently no nationwide food shortages in the United States, the number of fires was not extraordinary, the causes of the fires were not unusual, and the damage caused by the fires was minimal, 2021 report from the United States Department of Agriculture and the National Agriculture Statistics Service, you'd cover an area about a quarter the size of Rhode Island, Gates was putting microchips into vaccines, Gates had input tracking devices into vaccines, vaccinations as a way to depopulate the planet. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. North Dakotans are outraged as Bill Gates, the largest private farmland owner in the US, apparently buys a $13.5 million potato farm Dominick Reuter Jun 24, 2022, 8:13 AM Leon Neal/Getty. 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. Using those figures, Gates would own about 0.027% of U.S. farmland. How long is it from Michigan to Detroit? It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). 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. What special interest does Bill Gates have in farmland? It reported that as of 2022, Gates owned about 248,000 acres of farmland. Conservatives are vowing to never drink Heineken again after it was recently revealed that billionaire Bill Gates acquired a minority stake in the popular brewing company. Suggests that since mostly Democrats vote early then that represents made-up ballots or dead people voting.. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Water bills are soaring in some areas as infrastructure deteriorates, a recent University of Michigan study found. News reports from the last several years suggest that Gates has at different times invested in start-ups focused on developing artificial or plant-based alternatives to meat, such as Natures Fynd, Hampton Creek, Memphis Meats, Beyond Meat and Impossible Foods. a Reddit user asked. 242,000 Acres: Bill Gates Now The Largest Owner Of Farmland In America. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn . Egg prices havent come down with inflation. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Who owns the most farm ground in the US? . 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). I have invested in these farms to make them more productive and create more jobs. As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. Oct 22, 2014. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Gates responded: "I own less than 1/4000 of the farmland in the US. Why? AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. How old do you have to be to strip? Gates does own a lot of farmland. No one but Bill Gates knows that answer. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger. Hint, It's Not Bill Gates. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Who owns the most farmland in the world? Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. But these companies do not own a majority of U.S. single-family homes. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. 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. Of those states, Gates owns the most land in Louisiana, where he is proprietor of more than 69,000 acres. Conspiracy theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. in order to starve Americans for an unknown reason, Snopes said, after researchers said in. 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. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Gates' interest in farmland is still strong. Bill and Melinda released their latest initiative, Bill Gates Big Bet, where the Foundation states theyre betting on the major success of developing nations within the next 15 years, hoping to see more improvement than at any time in history. One such rumor claimed that there had been an unusual number of fires at food processing facilities in 2022. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. According to 2021 article from the Land Report, a magazine about land. 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. ", Gates responded at the time, "My investment team bought the farmland. 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. Bill Gates Stay up to date with what you want to know. 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. In the past, Gates has invested in companies developing artificial or plant-based alternatives to meat, and he is currently the countrys largest private farmland owner, according to The Land Report, a magazine that surveys the countrys largest landowners annually. This isn't the first time Gates has called for higher taxes on the wealthy. An entity linked to billionaire Bill Gates has reportedly purchased 2,100 acres of potato farmland in northern North Dakota angering local residents. All quotes delayed a minimum of 15 minutes. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Recently, Bill Gates has purchased 300,000 acres of farmland, you would think that buying all of the farmland would be bigger news than Elon Musk buying all of Twitter (here). False. How many farms Does Bill Gates Own? 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. Mar 4, 2009. He responded that it was a decision his investment group made. What Land Does Bill Gates Own In Michigan? Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. Although Gates owns these farms, he isnt changing their practices. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. The 2,100 acre potato farm adds to his massive portfolio of farm investments. What they are doing locking up land, not just private land, but in Wilderness Areas, National anything to do with land, Conservation programs that literally pay farmers, dairymen, etc. This article was produced by the Reuters Fact Check team. According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. The other major crops oats and forages are mostly fed to livestock on farms in the area. 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. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Oversight. At the turn of this century, Chinese owners owned about 192,000 acres of farmland in the U.S., according to the USDA. It has been very fulfilling for me and is my full time job," Gates continued. Who knows. What Asset Class Is Farmland Considered To Be? 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.. While private companies and corporations are increasing . (here). Why? The Guardian, 5 Apr. Bill Gates investments in farmland can be seen as part of this trend. 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. Digital IDs were given to residents in East Palestine, Ohio, to track long term health problems like difficulty breathing before the Feb. 3 train derailment. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Bill Gates just bought 2,100 acres of farmland in North Dakota, adding to the 270,000 acres he inexplicably owns throughout the US China also just bought 300 acres there, adding to the 192,000 . 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. Is this just a regular investment move, made on a large scale? Today, Bill Gates owns 242,000 acres of farmland in 19 states. However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s.
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