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. The tech mogul, who is. The most famous and by far wealthiest farmland owners in sparsely populated Concordia Parish are getting a divorce. Former Microsoft CEO Bill Gates owns a majority of America's farmland. The Gates Foundation has focused their efforts on alleviating the aftermaths of climate change since its founding. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. 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. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. 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 near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. And why is Bill Gates the largest private owner of farmland in the United States? Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters The landowners can include investors like Gates. Is this simply a diversification of Gates' massive tech investment portfolio? Jeff Bezos is 25th and owns about 420,000 acres of farmland. 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 U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. In addition, corporations and the rich are investing in farmland to deal with climate change and supply products to a hungry world with changing tastes.. Bill Gates shoots down rumored Chinese link to N.D. farmland Some of the links on this site are affiliate links. Other questions put to Gates during his Reddit AMA session similarly touched on the sustainability of the agrifood system. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. Jun 24, 2022, 8:13 AM PDT. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. 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. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. We've received your submission. But why specifically North Dakota? Bill Gates owns more private farmland in the US than anyone . Top 5 farms with the largest acreage in the U.S. How farmers can maximize the value of forestland, Northeastern Indiana farmland sells for $19,984 per acre. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Leon Neal/Getty Images. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. The day before he went to prison, Ebbers sold Angelina for $32 million. dvelopper et amliorer nos produits et services. Why is Bill Gates buying up US farmland? - DW - 04/09/2021 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. 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. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Land Income 2021. The new green economy will mean new opportunities for land owners, OKeefe believes. 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. 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. Busacca was in his element: It was some of the richest farmland in the Lower 48. Additionally, these small-scale, developing country farms serve local communities. 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. 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. Bill Gates owns a lot of American farmland, but not the majority Gates Foundation Buys Land For Farms | PYMNTS.com A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. Louisiana is the. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. Bill and Melinda Gates. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. THE FACTS: As Elon Musks bid to purchase Twitter has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Contact Contact Land Income today. Cell ag experts weigh in, Vertical farming should be one instrument in a farmers toolbox, not the whole operation or the farmers competition, Technology is a means, not an end in farming: Key takeaways from Indoor Ag-Con 2023, Digitizing the supply chain drove investment increase in African agrifoodtech in 2022, It will be a year of bust-ups, roll-ups and M&A: VC predictions for agrifoodtech investment, Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets, Food & ag corporates prefer to engage with academia, research over startups, according to open innovation report. That remains unclear. There are over two million individual farms in the United States. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. What do you think it could mean for the future of farming and food production? I am quite confident that Eastwoods character, Steve Everett, would have picked up the stench from this setup a mile off: a $171 million acquisition by an LLC with two employees in a metal-sided building down a dirt road off the Bayou Teche? That can mean better yields with decreased use of fertilizers and pesticides. Are you interested in investing in farmland? As Slate financial writer Henry Grabar concluded, the proposed town of Belmont is not a city, nor is it smart, nor does the Microsoft founder appear to be involved in any meaningful way.. 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. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. BlackRock also does not own the majority of the country's 80 million single-family homes. These states include: As previously mentioned, Bill Gates investment in farming may precipitate future advancements in Agri-Tech and traditional farming practices, i.e. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. In a former life, Angelina, the purchaser that paid $171 million for 100 Circles in 2018, was, in fact, Bernie Ebberss Angelina Plantation. The firm is a shareholder in plant-based protein companiesBeyond MeatandImpossible Foods, as well as agricultural equipment makerJohn Deere. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Are you interested in investing in farmland? One of my favorite Clint Eastwood movies is the 1999 mystery/thriller True Crime. All Rights Reserved. In the past 20 years, the foundation has grown to hold over $48 billion. In the spring, the Fufeng Group, the largest privately-owned xanthan gum producer and flavor enhancer in China, dropped $2.6 million for farmland near Grand Forks a rural area that borders Minnesota and is about a 90-minute drive from the Canadian border. 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. He assigned his research team to dig a little deeper. North Dakota AG Clears Farmland Purchase Tied to Bill Gates - US News In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. He has very competent investment managers.. This private U.S. farmland REIT was a joint venture between Duquesne Capital Management and Goldman Sachs that launched in 2007. According to some scientific estimates, there may be only 1.7 trillion barrels of oil in the world today. Bill Gates Attempts to Explain Why He Bought More Farmland - Futurism But some of the software pioneers investments do reveal his grander goals. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Goehring, however, reiterated the legality of owning farmland in the United States. While private companies and corporations are increasing. 1,539.24 acres of farmland in Champaign County for at least $16,959,677 between 2015 and 2019. Gates co-founded Microsoft. Why Bill Gates and other wealthy Americans buy farmland | AGDAILY What special interest does Bill Gates have in farmland? Sorry, but that didnt pass the sniff test. 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. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Gates is considered the largest individual private owner of farmland in the country with more than 280,000 acres across dozens of states, according to last years edition of the Land Report 100, an annual survey of the nations largest landowners. Is Gladstone Land Corp (LAND) A Good Investment? (Although our researchers identified dozens of different entities that own the Gateses assets, Larson himself operates primarily through an entity called Cascade Investment LLC.). Theres a tendency in the media to personalize this, OKeefe says. Invest like Bill Gates with the Best North Dakota Farmland Pretty pricey dirt, right? According to the St. Louis Business Journal, Gates Ag One will focus on research that helps small-holder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable.. FARGO, N.D. (AP) North Dakota's attorney general has found the sale of a couple thousand acres of prime farmland to a group tied to Bill Gates complies with a Depression-era law meant to . And Gates says investing in more farmland in the future is not off the table. My investment group chose to do this. Ebbers was many things a dreamer, a liar, a swindler and he loved land. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. Its the first time Gates has publicly commented on land purchases made by entities associated with him and his wife Melinda since they were named as the top private owners of US farmland by acreage earlier this year. I scanned the headline for the umpteenth time and then read and reread the pertinent details. Why Bill Gates is the largest private farmland owner in the United Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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 landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. The very next year, however, the Canada Pension Plan Investment Board began shedding these very same farmland assets as quickly as it had acquired them. Gates also owned up to the various failures in their initiatives, and admitted that they try their best to leverage the expertise and wisdom from the community leaders present in the areas they aid. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. The nearby community of Buckeye has grown more than tenfold in the last 20 years. This half-billion-dollar figure corroborated the AgCoA acquisition, and the paper trail led directly to Cascade Investment LLC. I have invested in these farms to make them more productive and create more jobs. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Call it a hunch, but the story did not jibe. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Any historical returns, expected returns, or probability projections are forward looking statements and may not reflect actual future performance. The largest parcel, a proposed 24,800-acre development known as Belmont, might someday contain 80,000 homes, along with offices, retail, industrial and logistics facilities. Cascade employees almost never speak to the press. When Ebbers owned this Louisiana farm, it was known as Angelina Plantation. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. The Gateses largest single block of dirt was acquired in 2017: a group of farmland assets owned by the Canada Pension Plan Investment Board. LITTLE ROCK, Ark. Just 2% was donated. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Why doesnt everyone just invest in farmland then? Especially when it comes to row crops like sweet corn and wheat, which were grown in rotation with potatoes on 100 Circles, which is the name of the property that changed hands. Bill Gates is about to change the way America farms Bill Gates Defends Farmland Purchases: 'There Isn't Some Grand Scheme' Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. 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. The region west of Phoenix is booming. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. Gates also owned up to the various failures in their initiatives, and admitted that they try their best to leverage the expertise and wisdom from the community leaders present in the areas they aid. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. In addition to farmland, the Gates' portfolio includes numerous public investments, the Gates Foundation, a major stake in the Four Seasons Hotel, and much more. You might remember an intriguing story from earlier this year, when an investigative journalist discovered that Microsoft co-founder Bill Gates had been quietly buying up so much farmland. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. 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. But, while Belmont might not be a smart city, it still looks like a smart investment. In 2018, when 100 Circles sold, it was even better. Bill Gates is now the biggest owner of FARMLAND in the US after buying So I took a look at Dun & Bradstreet. 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. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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. There was no public announcement, and no notice in the business press. Cows may be given miracle vaccines to help them produce higher quality milk and meat. People want to know, Why does Bill Gates want all this land? , But hyper-wealthy people like Gates dont make every decision personally, OKeefe notes. Bill Gates does not own the majority of U.S. farmland. 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. Thus, before we answer these questions, we are going to provide a brief summary of his financial history. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Why am I just learning about this NOW?. Here's why the ultra-wealthy like Bill Gates and Thomas - CNBC It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. The billionaire couple, in less than a. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. That is the equivalent of almost 900 million acres of arable land used for industry in the country. Gates who stepped down from day-to-day involvement with Microsoft in 2008 has long been looking for ways to help the worlds poorest and to address the planets environmental challenges. If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. 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. 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. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. Bill Gates found to be the largest farmland owner in the U.S - KARK Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. 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. Gates was speaking to Redditors during an event marking the release of his new book, How to Avoid a Climate Disaster.. And they barely produce enough crops for food or profit. from February that showed there were more than 895 million total acres of farmland in the country last year. How can this inform our personal investment decisions? The small LLC had $171 million . The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. The story went dark on the buy side, however. Land Income. Remember that metal-sided building down near the Bayou Teche? And farmland investments are great additions to a diversified portfolio.. Strike two. In his new book, How to Avoid a Climate Disaster, Gates explains why raising beef cattle causes more harmful emissions than other forms of agriculture. 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. 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. While Bill Gates is technically the largest farmland owner in the United States, he isn't. Seed technology is the process of using technology, updated farming methods, and genetically modified seeds to optimize yield potential; maximize yield potential in less-than-ideal farming conditions; and make farming practices infinitely more cost-efficient.. Futures: at least 10 minute delayed. In fact, Gates is the owner of over. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. I forwarded the lead to our Land Report 100 Research Team. 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. the latest American Housing Survey by the Census Bureau. U.S. Census Bureau data shows fewer than 20% of such properties are rentals, and the vast majority of those are owned by individual investors, not institutional investors like BlackRock. 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. 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. 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. Bill Gates Farmland: Why Is the Billionaire Buying So Much? Turns out that very same property had caught my eye way back when The Land Report was preparing to launch in 2006. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Bill Gates reveals reasons behind massive farmland purchases Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that farmland returns historically out performs most other investment vehicles, and is also comparatively the least volatile asset among the bunch. We want to be open to ideas that seem wild.. Microsoft co-founder Bill Gates is well known for his philanthropy and his crusade against climate change. It is not connected to climate, he wrote. Neither of these are a perfect option.
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