And Gates says investing in more farmland in the future is not off the table. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Contact Land Income today! 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. Agricultural technology advances of the future, or Agri-Tech, will create super productive seeds, sustainable biofuels and super crops. Contact Contact Land Income today. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. Any why now after years of massive success? Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Turns out that very same property had caught my eye way back when The Land Report was preparing to launch in 2006. 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. How about Google Maps? Theres a tendency in the media to personalize this, OKeefe says. These allow investors to get stared with as little as $10,000. 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. By using this website, you accept our Terms of Use and Privacy Policy. Sign up for notifications from Insider! All Rights Reserved. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. Pretty pricey dirt, right? 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. Just 2% was donated. It will help farmers in developing countries access Agri-Tech, improve farming tools, learn how to maximize yield better and better adapt to climate change. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". In it, the four-time Academy Award winner plays an over-the-hill journalist who has a nosefor a story. Climate change, rising automation, the ravages of climate change, virulent plant diseases, international politics and changing consumer tastes make it progressively difficult for family-owned farms to operate. Are you interested in investing in farmland? Here are a few likely reasons why Bill Gates is scooping up farmland: Whatever you may think about the man himself, 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. Additionally, these small-scale, developing country farms serve local communities. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. But many farmers lease at least some of the land they cultivate. These are a few of the reasons why savvy investors have been plowing millions of dollars into farmland on both the Oregon and the Washington sides of the Columbia River Gorge. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. Bill Gates owns massive parcels of farmland. It's not part of his plans By the time it was sold to the Canada Pension Plan Investment Board in 2013, AgCoA ranked as one of the leading institutional owners of row-crop farmland in the United States. 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 and Melinda Gates own 70,000 acres of Louisiana farmland; what 2023 Meredith Corporation. Where farmland differs from other alt assets is that because its such a crucial human resource (food = humans), in less-than-desirable economic situations, farmland tends to appreciate even further in value, as opposed to losing value (I.E., during a dreaded stock market crash). Gate's hefty investment in American farmland may also be tied to his interests in developing super-crops. Read more here. But the details are murky, and there is no evidence that the billionaires farmland-buying spree is driven by anything more than a desire to have a well-diversified portfolio. The burgeoning metropolis of Monterey, population 462, rang a bell, but despite my best efforts, I couldnt connect the dots to anyone whom we had profiled in The Land Report or, for that matter, anyone who was on our watch list. Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Learn more about fact-checking at AP. There was no public announcement, and no notice in the business press. To see all exchange delays and terms of use, please see https://www.barchart.com/solutions/terms. And it did this so quietly one might even say it was done in secret. Gates' interest in farmland is still strong. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Given the size and cost of 100 Circles, both of those figures made no sense at all. Why Is Bill Gates Buying So Much Farmland? Owning farmland is one of the most prudent financial investments to make now. Which in turn means less impact on the environment. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. What is certain is that Gates won't be the last private citizen to do so. Gates is in 49th spot but rising. This parcel which apparently makes up the bulk of the Gatess farmland holdings had previously belonged to Agriculture Company of America, a real estate investment trust acquired by CPIBB in 2013. The Gateses largest single block of dirt was acquired in 2017: a group of farmland assets owned by the Canada Pension Plan Investment Board. Bill Gates is an American technology pioneer. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. For more information read our Risk Statement click here. 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.. To better understand these questions, it's helpful to review Bill Gates' financial decision through the years, especially as it relates to Microsoft, Cascade Investments, and The Bill and Melinda Gates Foundation. from February that showed there were more than 895 million total acres of farmland in the country last year. Investing in farmland is not as volatile as investing in traditional stocks. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. That remains unclear. In January 2021, Bill Gates became the largest owner of farmland in the United States. For example, seeds are being genetically designed to grow in near non-arable and hostile soil conditions.. In addition, over 250,000 farms are so-called factory farms owned, rented, or co-opted by corporations. 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. 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. Even in an age of rapidly encroaching automation, it isn't, and never has been, easy being a farmer. 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. The world is moving forward with renewable energy sources like solar and biofuels. More farmland investments may help struggling farms survive. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Billionaire NFL owner quietly buying up thousands of acres of Illinois Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. Given that Gates is the third-richest person in the world with an estimated net worth of $132 billion, he falls in behind Tesla founder Elon Musk and Amazons Jeff Bezos those money managers have their hands full. 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. In 2017, Angelina Plantation changed hands one more time and became one of the principal farmland assets in the Gateses Cascade Investments portfolio. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches This informational is by no means a promotion, solicitation, or recommendation of any specific investment. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. The soil profile and underlying silty loess are in a league of their own. BlackRock also does not own the majority of the country's 80 million single-family homes. Land Income. Essentially, by year 2030, the estimated results of what carbon emissions (and their, Eradicate major diseases such as polio, malaria, and HIV, Reduce child death by half across the developing countries in Africa, Educate and empower small-holder farmers through mobile banking, Featured in the agricultural side of their plan is a strategy for. 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. 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. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. This isn't the first time Gates has called for higher taxes on the wealthy. Nous, Yahoo, faisons partie de la famille de marques Yahoo. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! However, no one knows precisely when that will happen. However, Bill Gates investing in farmland may encourage others to begin viewing farmland as smart investing opportunities. Bill Gates' purchase of North Dakota farmland has locals 'livid': official Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Bill Gates shoots down rumored Chinese link to N.D. farmland That was the missing piece of the puzzle I had been searching for as I read the Tri-City Herald story. 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. What do you think it could mean for the future of farming and food production? 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. 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. 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. So I took a look at Dun & Bradstreet. According to the United States Department of Agriculture, profits in the farming sector have increased by $23.9 billion in 2021. 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. There wasnt a rock, let alone a pebble, or even a root to be seen in the soil. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. 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. In early 2021, Bill Gates made headlines for becoming the largest private farmland owner in the U.S. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. But the Microsoft tycoon is shooting down accusations that he has any ties to that company, The Post can exclusively confirm. Here are the top farmlands in ND. Bill Gates $13.5 million investment in 2,100 sprawling acres of North Dakota land has raised questions as the purchase coincided with a controversial Chinese company buying 370 acres of farmland just 40 miles away. 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.. Are you interested in investing in farmland? What Asset Class Is Farmland Considered To Be? Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. is not a registered broker-dealer, investment adviser, or crowdfunding portal under Regulation CF. But, while Belmont might not be a smart city, it still looks like a smart investment. Bill Gates-Tied $13M Farmland Purchase Angers North Dakotans Then again, farmers and investors in the Mid-Columbia River market expect to pay $10,000 to $15,000 for good ground. 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. Why Bill Gates is now the US' biggest farmland owner - New York Post There may be more oil in the world. And farmland investments are great additions to a diversified portfolio.. It isless than .1% of all US farmland because the ownership is so diverse. The Gates can create worlds biggest agrifoodtech testbed but theyll need to win over farmers first. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Click here to view current offerings on AcreTrader! However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. The tech mogul, who is. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. Is this just a regular investment move, made on a large scale? At least thats what the developers partnered with Gates investment group have promised. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. 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. 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. Technically speaking, Bill Gates ranks 49th on the list of individuals, families, and corporations who own the most farmland. 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. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. While he questioned if cell-cultured meat will ever be economical, he said that plant-based protein makers like Impossible FoodsandBeyond Meat have [a] quality road map and a cost road map that makes them totally competitive., How do you feel about the Gates owning so many of Americas farm acres? Bill Gates tells Reddit why he's bought so much farmland - AFN He has very competent investment managers.. Ebbers was many things a dreamer, a liar, a swindler and he loved land. Thousand-acre transactions such as the sale of 6,000- acre Weidert Farm to Farmland L.P. two years ago and the 6,175-acre Broetje Orchards acquisition by the Ontario Teachers Pension Plan last year are blue-moon events. For example, ethanol is a biofuel made from corn, barley, or sorghum and used as a gasoline alternative. I forwarded the lead to our Land Report 100 Research Team. The Gates Foundation isnt the entity utilizing the land, but rather just Bills family office. "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?" 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. 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.. Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. (Although our researchers identified dozens of different entities that own the Gateses assets, Larson himself operates primarily through an entity called Cascade Investment LLC.). 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. Thats exactly what I thought. Cascade Investment doubled down on Phoenix transitional land two years later when it made a second major investment by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million. 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. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. 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. But why specifically North Dakota? And from an agricultural perspective, the region surrounding Walla Walla and the Horse Heaven Hills has evolved into a commercial hub, complete with controlled atmosphere (CA) storage, state-of-the-art transportation infrastructure, and ready access to low-cost hydropower.
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