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. 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. Much like the Bill & Melinda Gates Foundation uses science and technology to achieve a number of worthy goals including transitioning millions of people out of poverty, improving peoples health and well-being, and ensuring that all people have access to opportunities necessary to succeed in school and in life Cascades farmland holdings also aim to further laudable objectives. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. 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? You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Bill Gates tells Reddit why he's bought so much farmland - AFN Future crops may be designed to grow better in droughts, heatwaves and withstand disease. Goehring, however, reiterated the legality of owning farmland in the United States. Bill Gates found to be the largest farmland owner in the U.S - KARK But a rep for Gates is calling these claims ludicrous. The same logic likely holds for Gates Arizona acquisitions. What Returns Should You Expect From Farmland Investing? The soil profile and underlying silty loess are in a league of their own. However, no one knows precisely when that will happen. 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. The Land Report tracks numerous Louisiana landowners; Angelina Agriculture is not one of them. 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. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. 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. When it comes to alternative assets, there are a few options investors can look at such as real estate, fine art, foreign stocks, cryptocurrencies, even NFTs (verdict still out on them). And the rich are now buying up vast swathes of farmland. That is the equivalent of almost 900 million acres of arable land used for industry in the country. Bill Gates Farmland: Why Is the Billionaire Buying So Much? The tech mogul, who is. 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. It is not connected to climate, he wrote. Meanwhile, a rep for Gates did highlight to The Post their Leading Harvest initiative, which requires farmland owners to work to continuously improve soil health, biodiversity and water, air and crop quality on their farms.. All investments involve risk and may result in loss. 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. 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. 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. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. 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. Among the participants in the 13-member Sustainable Agriculture Working Group are Ceres Partners, Hancock Natural Resources Group, The Rohaytn Group, and UBS Farmland Investors. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Oct. 8, 2021. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. In early 2021, Bill Gates made headlines for becoming the largest private farmland owner in the U.S. 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.. Currently, more than 2 million acres in 22 states and an additional 2 million acres in seven countries are represented. However, the development and implementation of new technologies to withdraw fossil fuels hidden deep in the earth are currently financially impractical. Bill Gates' 20,000 acres in Nebraska help make him the top farmland 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. This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. Or, have more control over the resources we all use and need. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. Any why now after years of massive success? Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. 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. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. Warren E. Buffett acquired a 400-acre Nebraska farm in the '80s that . In 2005, the former WorldCom CEO was convicted of securities fraud, conspiracy, and filing false reports that were instrumental in WorldComs $11 billion dollar accounting fraud. Why Is Bill Gates Buying Farmland? You'll be Surprised Bill Gates shoots down rumored Chinese link to N.D. farmland 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. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. I have invested in these farms to make them more productive and create more jobs. Bill Gates is the biggest private owner of farmland in the United AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Why Is Bill Gates Buying So Much Farmland? - Farmland Riches Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Why Is Bill Gates Buying So Much Farmland? Why Bill Gates is now the US' biggest farmland owner - New York Post holding off on buying and working with what I have. Gate's hefty investment in American farmland may also be tied to his interests in developing super-crops. For related content and insights from industry experts, sign up for Successful Farming newsletters. 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. 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.. People want to know, Why does Bill Gates want all this land?. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. 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. 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. But some of the software pioneers investments do reveal his grander goals. Neither of these are a perfect option. There is absolutely no connection between the Gate[s] North Dakota farmland investments and the Fufeng Group, a spokesperson for Cascade Investment, which oversees the investments of the Bill & Melinda Gates Foundation Trust and Bill Gates, told The Post. Strike three, right? We've received your submission. Leon Neal/Getty Images. 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. 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. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Because of this crucial factor inherent to farmland, it also tends to provide better, consistent returns during times where inflation rises another scenario where more traditional assets like stocks and real estate suffer in. Gates is in 49th spot but rising. The plant-based protein craze will be worth $23.4 billion by 2027. 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. So I took a look at Dun & Bradstreet. 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. Bill and Melinda Gates. Bill Gates, one of the most powerful billionaires in the world and co-founder of . The Gateses largest single block of dirt was acquired in 2017: a group of farmland assets owned by the Canada Pension Plan Investment Board. 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. 'Gorilla Glue girl' Tessica Brown finds breast lumps befor Woman has 'loud, full body orgasm' in the middle of LA concert, Bride killed, groom seriously hurt by drunk driver just minutes after leaving reception, All the red carpet highlights and star-studded fashionfrom the Karl Lagerfeld-themed Met Gala, The best-dressed celebs at the 2023 Met Gala: Rihanna, Gisele Bndchen, more, Kim Kardashians Met Gala 2023 look sparks comparisons to Playboy cover, Kim Kardashian, Pete Davidson reunite at Met Gala 9 months after breakup, Khristina Williams previews the New York Liberty's 2023 WNBA season, Elon Musk Tells Bill Maher Woke Mind Virus Is Dangerous On Real Time, Katy Perry will be temporarily replaced on 'American Idol' amid drama. 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. 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. 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. 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. Cascade Investment began purchasing farmland in significant strides in 2013. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? According to the Journal, they are even discouraged from using Facebook and other social-media platforms. He was right when he predicted the COVID-19 epidemic in 2015. 2023 Meredith Corporation. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. And they barely produce enough crops for food or profit.
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