These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. the latest American Housing Survey by the Census Bureau. 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. According to The Arizona Republic, Belmont is projected to include up to 80,000 homes; 3,800 acres of industrial, office, and retail space; 3,400 acres of open space; and 470 acres for public schools. 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. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. Leon Neal/Getty Images. 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. by Harvard Universitys Joint Center for Housing Studies. 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. People that live in that area, people that live around the state know about the situation, Goehring said in response, Theyre probably more angry because, first of all, they dont want Bill Gates as a neighbor, but the land was sold for less than what it would have been auctioned.. However, these are just estimations. seed technologies, super-crops and overall farming efficiencies. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. In 2017, Angelina Plantation changed hands one more time and became one of the principal farmland assets in the Gateses Cascade Investments portfolio. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? In North Dakota, the Pembina and Walsh County farmland purchased by Red River Trust in 2021 is leased to the Campbell family which has a long history of operating these Pembina and Walsh County farmlands, which has continued under the ownership of Red River Trust.. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. Gates, a well-known philanthropist concerned with food insecurity in developing nations, could be betting that the next advancements in seed technology will be furthered on American farms. Arable farmland is a finite commodity, and you should invest now. The Tri-City Herald reported that the purchaser was a Louisiana investor, a limited liability company associated with Angelina Agriculture of Monterey, Louisiana. Access your favorite topics in a personalized feed while you're on the go. I forwarded the lead to our Land Report 100 Research Team. 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. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. Think about how much Bill Gates would have lost if he hadn't diversified in 1999. 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. There was no public announcement, and no notice in the business press. Investors generally are nevertheless buying an increasing share of the U.S. housing market. a Reddit user asked. 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. The same logic likely holds for Gates Arizona acquisitions. While Gates appears . Since his divorce, it is unclear how the assets were split up between the couple. More farmland investments may help struggling farms survive. Pretty pricey dirt, right? Additionally, because the farmers don't have access to state-of-the-art agriculture tools or technology, they never maximize yield potential. Biogas is a natural gas alternative that can be sourced from animal manure or algae., Future biofuel advancements could make farming more self-sustaining, environmentally friendly and more efficient.. And it did this so quietly one might even say it was done in secret. Please consult with your legal and financial advisors before investing and do not invest unless you are able to sustain the risk of loss of your entire investment. 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. Over the next five years, AgCoA acquired more than 100,000 acres in nine states. 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. While private companies and corporations are increasing. According to The Land Report, at the time, Gates had a total of 268,985 acres, almost all of which is active farmland. "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?" Perhaps history is repeating itself? US generated 91m tons of surplus food in 2021, representing 6% of all GHG emissions. We want to be open to ideas that seem wild.. That remains unclear. Why is Bill Gates investing heavily in farmland? However, Bill Gates investing in farmland may encourage others to begin viewing farmland as smart investing opportunities. I do think all rich countries should move to 100% synthetic beef, he said. It was near-perfect timing too, as 2000 would quickly see the infamous tech crash of dot com stocks. Cascade Investment began purchasing farmland in significant strides in 2013. Gates co-founded Microsoft. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Bill Gates has bought enormous tracts of farmland. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. Pessimistic conspiracy theories abound, but Bill Gates, America's largest farmland owner, is born from non-salacious and pragmatic reasons. I had gained this smidgen of geologic proficiency while researching our 2018 Farmland Deal of the Year, Weidert Farm, in neighboring Walla Walla County. Louisiana is the. However, one cannot become a farmer without a sense of optimism. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. holding off on buying and working with what I have. Today, the Belmont tract remains mostly empty desert. Currently, more than 2 million acres in 22 states and an additional 2 million acres in seven countries are represented. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. buying an increasing share of the U.S. housing market. 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. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. At least thats what the developers partnered with Gates investment group have promised. than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. For more information read our Risk Statement click here. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Why doesnt everyone just invest in farmland then? 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. It has been very fulfilling for me and is my full time job," Gates continued. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Bill Gates is an American technology pioneer. The world is moving forward with renewable energy sources like solar and biofuels. Senior Airman Dakota C. LeGrand/U.S. Its single largest acquisition of farmland came in 2017, when it paid $520 millionto purchase 61 properties from theCanada Pension Plan Investment Board (CPPIB). In fact, Gates is the owner of over. 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. 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. When Ebbers owned this Louisiana farm, it was known as Angelina Plantation. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. 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. Malone is #1 when it comes to owning the most corporate farmland in the United States. Busacca was in his element: It was some of the richest farmland in the Lower 48. But why specifically North Dakota? We need a lot of technologies synthetic meat, energy storage, new ways of making building materials, he wrote. In January 2021, Bill Gates became the largest owner of farmland in the United States. 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.. 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.. Theories began spreading that a future food shortage could lead to a collaboration between China and Gates to invest in American farming land and take control of the countrys food supply. Stay up to date with what you want to know. The Gates can create worlds biggest agrifoodtech testbed but theyll need to win over farmers first. "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. It isless than .1% of all US farmland because the ownership is so diverse. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. from February that showed there were more than 895 million total acres of farmland in the country last year. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. People are going to pay attention to what Bill is doing, Sherrick says. Many people wonder why Bill Gates would make these moves with his investment portfolio. Janiecs sources said some of the AgCoA assets were quickly sold off, but according to the Land Report 100 Research Team, an estimated 242,000 acres of farmland remained. It wasnt long before subreddit chains and conservative voices began inquiring whether Gates, 66, had any ties to the Chinese investment near Grand Forks. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. 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. The advancements in super-crop technology will create better agriculture yield, combat food insecurity and financially protect farmers in developing countries who are always one bad crop season away from financial ruin. According to some scientific estimates, there may be only 1.7 trillion barrels of oil in the world today. New technologies must be developed to give more sustenance to land that we farm to keep it sustainable. Click here to view current offerings on AcreTrader! Nebraska has the third-most Gates-owned farmland in the nation. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Mr. The investments from both parties had locals raise their concerns to North Dakota Agriculture Commissioner Doug Goehring on a July 6 in a town meeting. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. And farmland investments are great additions to a diversified portfolio.. 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. Why Is Bill Gates Buying So Much Farmland? Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform.
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