Bill Gates has bought enormous tracts of farmland. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce Purchasing your own farm outright means that you are not diversified across many farms; just 1. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. At current valuations, its one of the nations best farmland opportunities. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Goehring, however, reiterated the legality of owning farmland in the United States. Pour en savoir plus sur la faon dont nous utilisons vos donnes personnelles, veuillez consulter notre politique relative la vie prive et notre politique en matire de cookies. 2023 Meredith Corporation. Currently, more than 2 million acres in 22 states and an additional 2 million acres in seven countries are represented. However, there are also countless farmland investing platforms gaining traction now too. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. He's the new MacDonald: Bill Gates owns hundreds of thousands of acres across the United States including 242,000 acres of farmland making him the country's top agricultural landholder,. After AgCoA, the Canada Pension Plan Investment Board acquired a second tranche of farmland assets when it paid $2.5 billion for a 40% stake in Glencore Agricultural Products in 2016. How can this inform our personal investment decisions? For related content and insights from industry experts, sign up for Successful Farming newsletters. It is not connected to climate, he wrote. The world is running out of oil. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. Yet he's hardly alone. Bill Gates is an American technology pioneer. At least thats what the developers partnered with Gates investment group have promised. Bill Gates owns a lot of American farmland, but not the majority Foundation staff have no influence on Trust investment decisions, and no visibility into the Trusts investment strategies. All told, the 2017 acquisition of AgCoA and the 2018 acquisition of the 100 Circles tract in the Horse Heaven Hills of eastern Washington total an investment in farmland assets of more than $690 million. That immediately set off alarm bells, OKeefe says. 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. By Tim Gray. But a rep for Gates is calling these claims ludicrous. Does the name Bernie Ebbers ring a bell? The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. Ebbers subsequently pledged Douglas Lake as collateral for $400 million he ended up borrowing from WorldCom, and in 2003, WorldCom sold Douglas Lake to Kroenke Ranches. Gates has been asked about his farmland purchases before. Some of it goes to surrounding states, across the border, or it ends up someplace else. Perhaps Bill Gates is looking to test out his GMO seeds. Microsoft co-founder Bill Gates is well known for his philanthropy and his crusade against climate change. Over the next five years, AgCoA acquired more than 100,000 acres in nine states. And the Belmont property is located along Interstate 10, the regions major east-west artery, making it an excellent location for Amazon-style warehouse complexes. 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.. Bill Gates owns massive parcels of farmland. It's not part of his plans Even in an age of rapidly encroaching automation, it isn't, and never has been, easy being a farmer. 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. How about Google Maps? Billionaire NFL owner quietly buying up thousands of acres of Illinois The Best North Dakota Farmland to Invest in There are specific regions within North Dakota that are better suited for growing certain commodities. And the methods may cost more than the value of the yield. Here are the top farmlands in ND. Now, Bill Gates adds being the largest, private owner of American farmland to his career achievements. 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. Air Force, 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, $13.5 million investment in 2,100 sprawling acres. 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. Bill Gates does not own the majority of U.S. farmland. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Which in turn means less impact on the environment. by Harvard Universitys Joint Center for Housing Studies. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). For now, though, all that smart city talk is more than a little premature. 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. 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. 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. Bill Gates found to be the largest farmland owner in the U.S - KARK 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. 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. Does Bill Gates Own the Majority of US Farmland? | Snopes.com But if it ever gets built, it would boost the value of Gates land dramatically. He has very competent investment managers.. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Along with his wife Melinda Gates, Bill owns over 268,000 acres of farmland diversified in over 19 states. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. We've received your submission. It isless than .1% of all US farmland because the ownership is so diverse. (Although our researchers identified dozens of different entities that own the Gateses assets, Larson himself operates primarily through an entity called Cascade Investment LLC.). Arable farmland is a finite commodity, and you should invest now. Gates co-founded Microsoft. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. Thats exactly what I thought. Given the size and cost of 100 Circles, both of those figures made no sense at all. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. This story has been shared 240,292 times. is not a registered broker-dealer, investment adviser, or crowdfunding portal under Regulation CF. This is a sponsored promotion for the AcreTrader platform. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. It took a dozen years, but the ownership of that Louisiana farmland went from Bernie Ebbers to Bill Gates with a couple of stops in between. Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Why Bill Gates is now the US' biggest farmland owner - New York Post Instead, the Canada Pension Plan Investment Board revealed in the fine print of a quarterly statement that it had sold $520 million in U.S. farmland assets held by Agriculture Company of America. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. Click here to view current offerings on AcreTrader! 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. An aerial image of the Highway 565 address revealed a small metal-sided building off by itself in the woods. Additionally, because the farmers don't have access to state-of-the-art agriculture tools or technology, they never maximize yield potential. The old saying about land is they aren't making any more of it. Supply and demand? The Land Report magazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. Gate's private American farmlands are worth an estimated $690 million.. Committing the resources to launch this all-important standard validates the assertion that Cascade supports sustainable strategies that advance resiliency and efficiency, retain talent, and reduce regulatory burdens. The 2,100 acre potato farm adds to his massive portfolio of farm investments. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. BlackRock also does not own the majority of the country's 80 million single-family homes. 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. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. The most famous and by far wealthiest farmland owners in sparsely populated Concordia Parish are getting a divorce. That means Gates, whose net worth is estimated at some $134 billion. All investments involve risk and may result in loss. 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. 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. 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. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. 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. The Land Report tracks numerous Louisiana landowners; Angelina Agriculture is not one of them. Additionally, these small-scale, developing country farms serve local communities. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. I dont think the poorest [] countries will be eating synthetic meat. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. The total portfolio of farmland is worth well over $700 million. And for those wondering why exactly Gates has taken a keen interest in investing in farmland across the country, look no farther than the profit margins. He was right when he predicted the COVID-19 epidemic in 2015. Most of us imagine farmers tilling the soil that has been in their families for generations. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. , an annual survey of the nations largest landowners. 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. 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. 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. North Dakota AG Clears Farmland Purchase Tied to Bill Gates - US News We want to be open to ideas that seem wild.. 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. Stay up to date with what you want to know. 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. Why Bill Gates is Buying Farmland. If youve been on the fence about getting into farmland, maybe now is the time to reconsider. However, one cannot become a farmer without a sense of optimism. Since its IPO in 1985, Microsoft has seen continual success. However, when you read between the lines with an objective and open mind, one can infer much. ALT TEXT: Indian farmers tending to rice fields by hand. 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. 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In fact, Gates is the owner of over. 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. One must be an optimist to be an American farmer. New seeds can reduce water use but some areas wont be able to farm as much.. The new green economy will mean new opportunities for land owners, OKeefe believes. 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. In 2017, Angelina Plantation changed hands one more time and became one of the principal farmland assets in the Gateses Cascade Investments portfolio. Some of the wealthiest landowners including Jeff Bezos, John Malone, and Thomas Peterffy are buying up forests, ranches and farmlands across . In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Why is Bill Gates investing heavily in farmland? Partnering with Monsanto to create these super seeds is also part of the plan. The buyer, Red River Trust, is tied to Bill Gates . (Through a spokesperson, the company declined to comment for this article.). Farmland has some natural built-in drawbacks for all of the built-in benefits: Just 20 years ago, it was difficult to invest in farmland if you werent already independently wealthy. 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. Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. More often than not, farmland sales involve hundreds of acres. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. That was the missing piece of the puzzle I had been searching for as I read the Tri-City Herald story. Gates owns 17,940 acres in Illinois, the report also states. In fact, Gates is the owner of over 270,000acres of farmland, which is worth over $700 million! 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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.. One of the most telling moments in the field that summer came when a soil scientist by the name of Alan Busacca grabbed a shovel and stepped into a 10-foot trench that had been ripped open on the farm by a Caterpillar 336. In a former life, Angelina, the purchaser that paid $171 million for 100 Circles in 2018, was, in fact, Bernie Ebberss Angelina Plantation. In January 2021, the Bill & Melinda Gates Foundation launched Gates Ag One, a nonprofit charitable firm. Contact Contact Land Income today. 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. And farmland investments are great additions to a diversified portfolio.. 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. Minutes later, a terse response arrived: Actually, when it comes to the extensive farmland portfolio of Bill and Melinda Gates, the question should be, Ever hear of Michael Larson? For the last 25 years, the Claremont McKenna College alum has managed the Gateses personal portfolio as well as the considerable holdings of the Bill & Melinda Gates Foundation. Theres a tendency in the media to personalize this, OKeefe says. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I Any why now after years of massive success? Apply to GLOCALs 2023 program to help advance Latin American agrifoodtech, What is the role of biotech in an ethical food system? In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Why is Bill Gates buying up US farmland? - DW - 04/09/2021 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. Bill Gates reveals reasons behind massive farmland purchases The project isnt yet funded. US generated 91m tons of surplus food in 2021, representing 6% of all GHG emissions.

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