Strike three, right? To see all exchange delays and terms of use, please see https://www.barchart.com/solutions/terms. Along with his wife Melinda Gates, Bill owns over 268,000 acres of farmland diversified in over 19 states. 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. Pretty pricey dirt, right? Something was missing. 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. 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. Why Bill Gates is now the US' biggest farmland owner - New York Post And Gates says investing in more farmland in the future is not off the table. Busacca was in his element: It was some of the richest farmland in the Lower 48. Is Farmland Partners (FPI) A Good Investment? While Gates appears . 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. 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. 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. 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. The most famous and by far wealthiest farmland owners in sparsely populated Concordia Parish are getting a divorce. This informational is by no means a promotion, solicitation, or recommendation of any specific investment. 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. I like that we have more value added., I dont like that its China, but the reality is, I dont have a leg to stand on because if theres nothing unlawful about it, just because I dont like something, doesnt mean it should go away.. Futures: at least 10 minute delayed. 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. 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From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. Neither of these are a perfect option. Bill Gates Attempts to Explain Why He Bought More Farmland - Futurism The day before he went to prison, Ebbers sold Angelina for $32 million. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 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. And they barely produce enough crops for food or profit. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I Bill Gates is about to change the way America farms But in total the Microsoft co-founder owns less than 1% of the nations total farmland. Gates was also asked which niche technology he believed could play a significant role in the battle against climate change. Gates has been asked about his farmland purchases before. For example, seeds are being genetically designed to grow in near non-arable and hostile soil conditions.. In 1998, when he was the toast of Wall Street, the telecom cowboy paid British Columbias Woodward family the astronomical sum of $73 million for Canadas largest ranch: 500,000-acre Douglas Lake, a 22,000-head cattle operation. The small LLC had $171 million . 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. 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.. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. Does this investment say anything about the state of the. seed technologies, super-crops and overall farming efficiencies. What do you think it could mean for the future of farming and food production? 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. 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. 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.. Since its IPO in 1985, Microsoft has seen continual success. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. 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. Only sovereign wealth funds and institutional investors can stroke a check for tracts in that league, which is exactly what occurred on the sell side of the 100 Circles transaction: The seller was John Hancock Life Insurance, a multibillion-dollar asset manager with key holdings in all the major U.S. markets as well as Canada and Australia. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. However, no one knows precisely when that will happen. 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. In addition, corporations and the rich are investing in farmland to deal with climate change and supply products to a hungry world with changing tastes.. We invest in the farms to raise productivity. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Why am I just learning about this NOW?. 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). People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. Farms also have a role in fighting climate change. We've received your submission. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. That can mean better yields with decreased use of fertilizers and pesticides. My investment group chose to do this. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. 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. 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 cost is prohibitive for agricultural use of water. Which in turn means less impact on the environment. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. 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. 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.. Why doesnt everyone just invest in farmland then? Either that or I had a screw loose. Thanks for contacting us. Goehring, however, reiterated the legality of owning farmland in the United States. Turns out that very same property had caught my eye way back when The Land Report was preparing to launch in 2006. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. Gates, a well-known philanthropist concerned with food insecurity in developing nations, could be betting that the next advancements in seed technology will be furthered on American farms. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Microsoft co-founder and philanthropist Bill Gates responded to questions about his farmland investments during an Ask Me Anything (AMA) session on social media platform Reddit this weekend. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. As Slate financial writer Henry Grabar concluded, the proposed town of Belmont is not a city, nor is it smart, nor does the Microsoft founder appear to be involved in any meaningful way.. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Call it a hunch, but the story did not jibe. Bill Gates' purchase of North Dakota farmland cleared - New York Post Or, have more control over the resources we all use and need. Given the size and cost of 100 Circles, both of those figures made no sense at all. People want to know, Why does Bill Gates want all this land?. But many farmers lease at least some of the land they cultivate. 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. Indian farmers tending to rice fields by hand. 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. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. One of my favorite Clint Eastwood movies is the 1999 mystery/thriller True Crime. None of the information contained on this website is a recommendation to invest in any securities. Farmland as an investment offers low volatility. 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. In an interviewwithMIT Technology Review last month, Gates argued that higher-income societies should completely replace their consumption of cattle-derived beef with synthetic alternatives. Additionally, because the farmers don't have access to state-of-the-art agriculture tools or technology, they never maximize yield potential. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. Bill Gates is the biggest private owner of farmland in the United Cascade leases the majority of its land to farmers and is committed to the safety and sustainability of both its farmland and its people, the spokesperson for Cascade Investment said. Sign up for notifications from Insider! 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. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Credit Chris Janiec at Agri Investor for this eagle-eyed investigating. 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. This half-billion-dollar figure corroborated the AgCoA acquisition, and the paper trail led directly to Cascade Investment LLC. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. North Dakota AG Clears Farmland Purchase Tied to Bill Gates - US News Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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. Merged from the William H. Gates Foundation and the Gates Learning Foundation, The Bill and Melinda Gates Foundation quickly became the largest private foundation in history. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. 2023 Meredith Corporation. Bill Gates is now the biggest owner of FARMLAND in the US after buying Pessimistic conspiracy theories abound, but Bill Gates, America's largest farmland owner, is born from non-salacious and pragmatic reasons. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. The cofounder of Microsoft and his wife make an auspicious debut on the 2020 LAND REPORT 100, as Americas largest private farmland owners. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says.
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