Turns out that very same property had caught my eye way back when The Land Report was preparing to launch in 2006. The plant-based protein craze will be worth $23.4 billion by 2027. And its headquarters was in you guessed it Monterey, Louisiana. I forwarded the lead to our Land Report 100 Research Team. buying an increasing share of the U.S. housing market. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Cows may be given miracle vaccines to help them produce higher quality milk and meat. For example, seeds are being genetically designed to grow in near non-arable and hostile soil conditions.. 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. Access your favorite topics in a personalized feed while you're on the go. Without innovation, we will not solve climate change, Gates said. The billionaire couple, in less than a. 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. I dont think the poorest [] countries will be eating synthetic meat. Future crops may be designed to grow better in droughts, heatwaves and withstand disease. All Rights Reserved. Over 39% of the income generated by farmers in 2021 will come from tens of billions in government subsidy payments.. The 2,100 acre potato farm adds to his massive portfolio of farm investments. But there is a very clearly distinction from Gates foundation, which focuses on humanitarian efforts, and his foundation trust, which solely focuses on financial investments. 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. 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. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. 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. With the Washington state acreage and other recent additions to his portfolio, OKeefe calculated, Gates now owns at least 242,000 acres of American farmland. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. According to some scientific estimates, there may be only 1.7 trillion barrels of oil in the world today. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. 1,539.24 acres of farmland in Champaign County for at least $16,959,677 between 2015 and 2019. 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. The total portfolio of farmland is worth well over $700 million. More farmland investments may help struggling farms survive. The day before he went to prison, Ebbers sold Angelina for $32 million. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. Malone is #1 when it comes to owning the most corporate farmland in the United 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. Most notably, in 2017, the Gates-affiliated Mt. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. 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. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Some of it goes to surrounding states, across the border, or it ends up someplace else. He was right when he predicted the COVID-19 epidemic in 2015. 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.. 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. 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. What do you think it could mean for the future of farming and food production? In January 2021, Bill Gates became the largest owner of farmland in the United States. The magazine editor, Eric O'Keefe, was researching a purchase of 14,500 acres of prime Washington State farmland and found that the buyer was a small company in . Thus, before we answer these questions, we are going to provide a brief summary of his financial history. About 97% of American farms are small and medium-sized family-owned operations. Contact Contact Land Income today. Farmlands will only become more automated in the future. 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. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. 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. 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. Called Leading Harvest, the organizations goal is to create a sustainability standard that can be implemented across the greatest swath of agricultural acreage. 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. 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. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Additionally, these small-scale, developing country farms serve local communities. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". The agriculture sector is important, he wrote. I have invested in these farms to make them more productive and create more jobs. Some partners in the Arizona project issued a press release touting plans to build a forward-thinking community that embraces cutting-edge technology. There was talk of high-speed digital networks and autonomous logistics hubs. That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. Are you interested in investing in farmland? We want to be open to ideas that seem wild.. His portfolio is diversified, in other words. 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. We need a lot of technologies synthetic meat, energy storage, new ways of making building materials, he wrote. ALT TEXT: Indian farmers tending to rice fields by hand. Some of the links on this site are affiliate links. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. a Reddit user asked. At its listed headquarters 8318 Highway 565 Angelina Agriculture boasted two employees and reported annual revenues just north of $300,000. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. Purchasing your own farm outright means that you are not diversified across many farms; just 1. 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. 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. But a rep for Gates is calling these claims ludicrous. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. the latest American Housing Survey by the Census Bureau. Bill and Melinda Gates. The new green economy will mean new opportunities for land owners, OKeefe believes. 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. That is the equivalent of almost 900 million acres of arable land used for industry in the country. According to The Land Report, at the time, Gates had a total of 268,985 acres, almost all of which is active farmland. Thanks for contacting us. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. Gates co-founded Microsoft. In a former life, Angelina, the purchaser that paid $171 million for 100 Circles in 2018, was, in fact, Bernie Ebberss Angelina Plantation. Gate's hefty investment in American farmland may also be tied to his interests in developing super-crops. Cascade employees almost never speak to the press. Based on Bill Gates budding friendship with Warren Buffett, Cascade adopted much of Buffets approach to investing: invest in good companies, and hold long term to see healthy returns. 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. Partnering with Monsanto to create these super seeds is also part of the plan. Contact Land Income today! These states include: As previously mentioned, Bill Gates investment in farming may precipitate future advancements in Agri-Tech and traditional farming practices, i.e. Gate's acquisition of so much American farmland may aid in manifesting technological improvement endeavors. 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. by Harvard Universitys Joint Center for Housing Studies. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. 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. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. Join our newsletter to stay up to date on the latest offers from Land Income. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. In fact, Gates is the owner of over 270,000acres of farmland, which is worth over $700 million! Indian farmers tending to rice fields by hand. Louisiana is the. Meanwhile, Chinese owners currently control more than 192,000 agricultural acres in the US, worth $1.9 billion, including land used for farming, ranching and forestry, the Agriculture Department told Politico last year. holding off on buying and working with what I have. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. In January this year, the Bill & Melinda Gates Foundation announced that its creating a nonprofit entity called Gates Ag One which will seek to speed up efforts to provide smallholder farmers in developing countries, many of whom are women, with access to the affordable tools and innovations they need to sustainably improve crop productivity and adapt to the effects of climate change.. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. None of the information contained on this website is a recommendation to invest in any securities. That can mean better yields with decreased use of fertilizers and pesticides. ", Gates responded at the time, "My investment team bought the farmland. What Returns Should You Expect From Farmland Investing? The most famous and by far wealthiest farmland owners in sparsely populated Concordia Parish are getting a divorce. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 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. Warren E. Buffett acquired a 400-acre Nebraska farm in the '80s that . Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. Deals are highly vetted with around a 1% acceptance rate, You pick and choose what specific farms you want to invest in, Investors do not have access to a secondary market yet, so you should be familiar with the time horizon. Si vous souhaitez personnaliser vos choix, cliquez sur Grer les paramtres de confidentialit. The nearby community of Buckeye has grown more than tenfold in the last 20 years. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. Read more here. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. 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. About 60% of the farmers in Africa and Asia, almost 3 billion people, are poverty-stricken subsistence farmers. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". The company also took to Twitter to reject the false narrative. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. The cost is prohibitive for agricultural use of water. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. mesurer votre utilisation de nos sites et applications. All investments involve risk and may result in loss. This is part of a broader 269,000-acre land portfolio belonging to the couple and associated entities across 19 US states, with the largest holdings in Louisiana (69,071 acres), Arkansas (47,927 acres), and Arizona (25,750 acres). Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. 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At buildout, the Belmont development will create a brand-new metropolis, one similar in size to the Phoenix suburb of Tempe, home to Arizona State University and almost 200,000 residents. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. However, they told The Land Report that Cascade is very supportive of sustainable farming.. Land Income 2021. 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. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. By using this website, you accept our Terms of Use and Privacy Policy. 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. And the rich are now buying up vast swathes of farmland. 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. 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. 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. Today, the Belmont tract remains mostly empty desert. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. Is this just a regular investment move, made on a large scale? Investors generally are nevertheless buying an increasing share of the U.S. housing market. In its review, the Midwest Center found that Baloo Enterprises LLC purchased: 1,926.3 acres of farmland in Douglas County for at least $19,694,096 between 2016 and 2019. So I took a look at Dun & Bradstreet. The world is running out of oil. He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. In 2017, Angelina Plantation changed hands one more time and became one of the principal farmland assets in the Gateses Cascade Investments portfolio. Or, have more control over the resources we all use and need. 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. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. 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.. The program could be an economic boon for farmers. "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. And it tends to be negatively correlated against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up. Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce. 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.. But if it ever gets built, it would boost the value of Gates land dramatically. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. Bill Gates, one of the most powerful billionaires in the world and co-founder of . Why are you buying so much farmland? posed by one Reddit user,Gates indicated that seed science and biofuel development were major drivers of the acquisitions. 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. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. The agriculture sector is important. 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. According to a press release by the Grand Forks council, Fufeng Group has chosen the town as its first US-based manufacturing facility after a 16-month comprehensive evaluation process, where they are expected to produce 25 million bushels of corn annually. The Gates can create worlds biggest agrifoodtech testbed but theyll need to win over farmers first. While private companies and corporations are increasing. Bill Gates owns about 400 acres of farmland outside of Malmo, Nebraska, that he rents to a local farmer. Any historical returns, expected returns, or probability projections are forward looking statements and may not reflect actual future performance. Strike three, right? Why doesnt everyone just invest in farmland then? Farmland as an investment offers low volatility. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. But the purchaser of record was a small, obscure company in Louisiana. That means Gates, whose net worth is estimated at some $134 billion. 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). 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. 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. Some are near cities and might end up having other uses.". This informational is by no means a promotion, solicitation, or recommendation of any specific investment. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. Dusky layers of silt and sand towered over the 6-foot-tall retired Washington State professor. Angelo Merendino for The New York Times. 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. A spokesperson for Cascade Investment a firm chaired and controlled by Bill Gates, and possibly what he was referring to as my investment group on Reddit declined to comment on specific land holdings at the time. Most of us imagine farmers tilling the soil that has been in their families for generations. 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. So, what's the interest in farmland? Since its IPO in 1985, Microsoft has seen continual success. dvelopper et amliorer nos produits et services. Talk about big bets. Since his divorce, it is unclear how the assets were split up between the couple. Click here to view current offerings on AcreTrader! The same logic likely holds for Gates Arizona acquisitions. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. The cofounder of Microsoft and his wife make an auspicious debut on the 2020 LAND REPORT 100, as Americas largest private farmland owners. Bill Gates was right when he sold his own Microsoft stock to diversify through Cascade in 1994. The Tri-City Herald reported that the purchaser was a Louisiana investor, a limited liability company associated with Angelina Agriculture of Monterey, Louisiana. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. Yet he's hardly alone. And they barely produce enough crops for food or profit.
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