In January 2021, Bill Gates became the largest owner of farmland in the United States. People want to know, Why does Bill Gates want all this land?. Most notably, in 2017, the Gates-affiliated Mt. Farmland Index. FARGO, N.D. (AP) North Dakota's attorney general has found the sale of a couple thousand acres of prime farmland to a group tied to Bill Gates complies with a Depression-era law meant to . The company also took to Twitter to reject the false narrative. He also owned a 26,236-acre Louisiana farm. Why Is Bill Gates Buying So Much Farmland? And thats where the land purchases come in. 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.. Cascade employees almost never speak to the press. What special interest does Bill Gates have in farmland? For more information read our Risk Statement click here. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 2023 Meredith Corporation. So, if farmers do not improve farming methods, local communities suffer. In the past 20 years, the foundation has grown to hold over $48 billion. How can this inform our personal investment decisions? The typical farmer may plant anywhere between 75,000 to 250,000 seeds per acre to maximize as much seed yield advantage as possible. Futures: at least 10 minute delayed. 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 the Land Report 100, an annual survey of the nations largest landowners. The Americas Editor at Agri Investor, Janiec reported that the assets had been offered as a single block and that Microsoft founder Bill Gates is thought to be the buyer of CPPIBs farmland. Janiec stayed on the story, and the following year, he confirmed the parameters of sale when he reported the addition of 61 properties valued at approximately $500 million to the National Council of Real Estate Investment Fiduciaries (NCREIF) U.S. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. 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. 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. With proper techniques, the carbon from decaying plant matter can be kept safely in the soil, rather than entering the atmosphere in the form of carbon dioxide. Agricultural technology advances of the future, or Agri-Tech, will create super productive seeds, sustainable biofuels and super crops. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. Foundation staff have no influence on Trust investment decisions, and no visibility into the Trusts investment strategies. What Asset Class Is Farmland Considered To Be? 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. Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became.
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