How much land does Russia own in the United States? Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres . Just over 70% of these were owned by individual investors. 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. Oversight. In April 2022, researchers warned about the potential risk of a global food shortage, spurred on in part by Russia's ongoing attacks on Ukraine. Real estate investors overall have also been increasingly targeting single-family homes. But that's just a portion of the vast holdings Gates and his ex-wife, Melinda French Gates, own from sea to shining sea. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. However, the Gates Foundation has been largely transparent at every level of their operations from their objectives, means, successes, and failures. Billionaire philanthropist and Microsoft Corp. co-founder Bill Gates has found himself at the center of yet another online conspiracy theory. Farmland REITs have a high degree of correlation with the overall stock market, and returns tend to be lower than less liquid farmland investments. Prime soils and the moderating, Best Strip Clubs For 18 And Over in Detroit, Michigan. 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. He responded that it was a decision his investment group made. Gear-obsessed editors choose every product we review. 41 on The Land Report's 2022 list of Americans who own the most land. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Neither of these are a perfect option. Northern Kansas land sale averages $3,500 per acre. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. The figure is far below the total area of U.S. farmland. Follow him on Twitter@LucasNolanor contact via secure email at the addresslucasnolan@protonmail.com, EconomyPoliticsTechBill GatesFarmersfarmlandNorth Dakota. There isn't some grand scheme involved - in fact, all these decisions are made by a professional investment team.. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). Alongside his investments, Gates has also purchased farmland in at least 19 states, according to The Land Report. The current chicken and egg shortages trace mainly to an avian flu outbreak in the U.S. that began in early 2022 and was exacerbated by holiday demand and supply chain problems, the Agriculture Department reported. Gates' 242,000 acres amounts to about 0.03% of the total. Oversight," June 15, 2018, The Chicago Tribune, "Chicken nuggets and cream cheese grow in trays in a South Side lab. According to the Harvard Joint Center for Housing Studies (JCHS) (here), using data of the Rental Housing Finance Survey, between 2001 and 2018 the proportion of rental properties owned by non-individual investors, which include partnerships, trustees for estate, real estate corporations, real estate investment trusts, and other entities, increased from 18% to 26%. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Conspiracy Theorists claimed last year that the Microsoft founder was buying up farmland in the U.S. to starve Americans for some unknown reason, Snopes said, after researchers said in April that the world was facing a potential food shortage due to Russias invasion of Ukraine. Chinas American agricultural land holdings have increased over tenfold in the last decade, and at the beginning of 2020, investments from China held $2 billion of American agricultural land. False. But these companies do not own a majority of U.S. single-family homes. He has also written on his personal blog about the future of food, the increasing demand for meat as the global population rises and the environmental effects of livestock farming. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. He has also been aproponent of chicken farming. Some are near cities and might end up having other uses.". NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money. An archived version of the tweet can be found (archive.ph/8Tq36). 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. Bill Gates Is the Biggest Private Owner of Farmland in the United States. How Many Hours Is It From Detroit To Michigan? 727-821-9494. stated on January 22, 2023 in an Instagram post: The U.S. chicken and egg shortage is linked to Bill Gates. 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. No, its the Roman Catholic Church. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}60 Scientists Are Trying to Block the Sun, Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. Gates started purchasing farmland circa 2013 through his investment group, Cascade Investments. If Not for Climate, Then Why Is Bill Gates Buying so Much Farmland? AFN, 27 Aug. 2021, https://agfundernews.com/gates-if-not-for-climate-then-why-is-bill-buying-up-so-much-farmland. stated on February 26, 2023 a video on Facebook: stated on February 15, 2023 a photo on Facebook: stated on January 29, 2023 a video on Facebook: stated on February 5, 2023 an Instagram post: stated on January 27, 2023 a video on Facebook: stated on January 22, 2023 an Instagram post: stated on January 16, 2023 a photo on Facebook: stated on January 12, 2023 a photo on Facebook: stated on November 6, 2022 an Instagram post: stated on October 26, 2022 a post on Instagram: stated on October 12, 2022 an Instagram post: stated on October 9, 2022 a Facebook post: stated on March 3, 2023 in a Conservative Political Action Conference speech: stated on February 19, 2023 in a Facebook post: stated on February 24, 2023 in an Instagram post: stated on March 2, 2023 in a speech at CPAC: stated on February 25, 2023 in a Facebook post: stated on February 22, 2023 in a Facebook post: stated on February 26, 2023 in an Instagram post: stated on February 27, 2023 in a Facebook post: All Rights Reserved Poynter Institute 2020, a 501(c)(3) nonprofit organization. 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. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Bill is now the biggest owner of farmland in 2022 a great hedge asset against rising inflation. The 2,100 acre potato farm adds to his massive portfolio of farm investments. The Agriculture Department estimates there are more than 895 million acres of farmland in the U.S., making Gates share 0.028%. The tweet had gathered over 215,000 likes at the time of writing. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. While much of this land was transferred to the new state of Hawaii in 1959, the federal government did keep some. What is the most profitable crop in Michigan? With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Avian flu is highly infectious, can spread rapidly from flock to flock, and can often kill chickens. Chicken nuggets and cream cheese grow in trays in a South Side lab. Youre not investing in a building that will decay over time, but the rich farmland itself. The No. Suggests virologists death is linked to COVID-19 vaccines. Amazon founder and chairman Jeff Bezos has amassed 420,000 acres in recent years. The agriculture sector is important. This position in Microsoft was quickly funneled by Cascade Investment into this long term growth strategy. The cost of chicken has also gone up, although not as drastically. Zu den grten Gates-Unternehmen zhlen etwa Betriebe mit 27.952 Hektar in Louisiana, 19.395 Hektar in Arkansas, 10.420 Hektar in Arizona, 8.331 Hektar in Nebraska und 6.514 Hektar im Bundesstaat. In 2016, he wrote on his blog about the benefits of raising chickens, particularly for people living in poverty. Breitbart News previously reported that Gates is Americas largest private owner of farmland. 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. Your membership is the foundation of our sustainability and resilience. These posts were flagged as part of Instagrams efforts to combat false news and misinformation. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. 801 3rd St. S Who owns the most land in the world 2021? 28. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . A $13.5 million purchase of a North Dakota potato farm is drawing outrage and legal scrutiny. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Momentum accelerated during the 2008-2009 Great Financial Crisis, when investors grew desperate for alternatives to traditional safe haven investments like bonds and gold. as well as other partner offers and accept our. He was right when he predicted the COVID-19 epidemic in 2015. By clicking Sign up, you agree to receive marketing emails from Insider 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. In 2020, there were 166 such funds globally, nearly a 9x increase from only 19 in 2005. Are you ready for alternative proteins made from a volcanic microbe? Bill Gates is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. It reported that as of 2022, Gates owned about 248,000 acres of farmland. About 350,000 acres of the U.S. government land in Hawaii were kept for military installations and national parks. Representatives for Gates did not immediately respond to messages from Insider requesting comment. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Using those figures, Gates would own about 0.027% of U.S. farmland. Our Standards: The Thomson Reuters Trust Principles. District of Columbia Mr. Gates owns about 97,934 hectares, accounting for about 0.03% of . In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called farmland REITs. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. "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. St. Petersburg, FL Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. Farmland originally appeared on Benzinga.com. Washington, DC Bill Gates and conspiracy theories go together like peanut butter and jelly. Why? See here for a complete list of exchanges and delays. 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. Gates does own a lot of farmland. Roman Catholic Church: 70 million hectares The largest landowner in the world is not a major oil magnate or a real estate investor. In their Big Bet, they recognize that the impoverished people stand to be impacted the most by these changes. LIVE OAK, Fla. -- The investment company that manages the wealth of the world's richest man, Bill Gates, has been acquiring gobs of farmland in north Florida the past two years . The total portfolio of farmland is worth well over $700 million. Is Gladstone Land Corp (LAND) A Good Investment? In Washington, the duo owns more than 14,000 acres of farmland that includes potato . This material may not be reproduced without permission. The total portfolio of farmland is worth well over $700 million. Sign up for notifications from Insider! What Happened: Gates answered dozens of questions over the course of a few hours during the AMA, including: 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?, He responded, I own less than 1/4000 of the farmland in the US. While BlackRock does not directly own single-family houses, as the worlds largest asset manager (here), it owns stock in companies that do. There are 94.6 million single-family houses in the United States, according to the latest data available from the U.S. Census Bureau American Housing Survey (2019) (bit.ly/3seI7kV). The biggest chunks of Gates' holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlet's research found. Returns from farmland have actually outpaced the stock market in recent years with significantly less volatility. The figure cited by The Land Report was subsequently reported by major news outlets including Business Insider and Forbes (here), (here). State law prohibits corporations, LLCs, and trusts from farming or ranching activities. Distance from Michigan to Detroit The shortest route between Michigan and Detroit is, Michigan law is absolutely clear that an adult over the age of 21 shall not sell or furnish alcohol to a minor. 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. The $13.5 million sale in November of roughly 2,100 acres in the northeast corner of the state was first sleuthed and reported by AgWeek's Mikkel Pates earlier this month. By 2019, the USDA says foreign ownership of U.S. acres exceeded 35.2 million acres, a 60 percent increase from the decade prior. 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. Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. Bill Gates just bought 2,100 acres of farmland in North Dakota, adding to the 270,000 acres he inexplicably owns throughout the US China also just bought 300 acres there, adding to the 192,000 . In January 2021, Bill Gates became the largest owner of farmland in the United States. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter added. Bill Gates Uses Farmland as an Investment Outlet Buying up Potato, Carrot and Onion Farms. NBC News, https://www.nbcnews.com/tech/tech-news/mcdonald-s-french-fries-carrots-onions-all-foods-come-bill-n1270033. With her 6.6 billion acres, Elizabeth II is far and away the worlds largest landowner, with the closest runner-up (King Abdullah) holding control over a mere 547 million, or about 12% of the lands owned by Her Majesty, The Queen. These rumors, like the present rumor about Gates buying up the majority of farmland in the United States for nefarious purposes, are all false. Gates does own a lot of farmland. 2022. FPI is internally managed and the company owns farms in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi,. The U.S. Federal Government. During the COVID-19 pandemic, vaccine-hesitant Americans were inundated with false rumors claiming that Gates was putting microchips into vaccines, that he was working on a mind-altering vaccine, that Gates had input tracking devices into vaccines, and that he once called for vaccinations as a way to depopulate the planet. The old saying about land is they aren't making any more of it. Supply and demand? As we learned above, in most farmland investment situations, the farmland owner leases their land to tenant farmers, who usually live on and work the land. Supreme Court just voted to ban condoms., Says Ukrainian President Volodymyr Zelenskyy said he wants Americas sons and daughters to go die in Ukraine., In Ohio, there are 75,000 acres of farmland, fertile farmland, that are all now being poured down with acid rain., Muslims by the millions are converting to Christianity.. as well as other partner offers and accept our. Many people wonder why Bill Gates would make these moves with his investment portfolio. Gates does not own the majority of U.S. farmland. These allow investors to get stared with as little as $10,000. Bill Gates (AP Images) Bill Gates is buying up America's farmland. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states. Reuters traced the figure cited by social media posts as the number of acres owned by Bill Gates to The Land Report, which reports on major land ownership in the United States. Bill Gates investments in farmland can be seen as part of this trend. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? While many have also speculated that Gates' land purchases were in some way related to his efforts to curb climate change, Gates has said that the two are unrelated. Social media posts blame Gates investments in plant-based meat alternatives and his status as the nations largest private farmland owner for triggering the countrys current chicken and egg shortages. Here in Michigan, roughly 1.35 million acres of ag land is held by foreign investors and nearly 90% of this land is in forests. However, Microsoft wasn't Bill Gates' only successful venture. The Bill & Melinda Gates Foundation is focused partly on agricultural development to support farmers in sub-Saharan Africa and South Asia. It is reported that Bill Gates owns over 269,000 acres of farmland in over a dozen states, making him the largest farmland owner in America. The explanation offered by conspiracy theorists for this untrue claim was that these fires were being intentionally set in order to create a food crisis. In fact, Gates is the owner of over. The mainland Chinese company Sino-Michigan Properties LLC has paid $1.9 million for 200 acres of undeveloped land in Milan, Michigan. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. What does Weyerhaeuser have to do with Michigan? His . Read more about our work to fact-check social media posts here . Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. Breitbart News reporter Alana Mastrangelo wrote: Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. Climate Connection. to not use their land, is working towards their real agenda. Since its IPO in 1985, Microsoft has seen continual success. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is. 3. "Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions," the letter said. What they are doing locking up land, not just private land, but in Wilderness Areas, National anything to do with land, Conservation programs that literally pay farmers, dairymen, etc. Other noteworthy farmland investors include Ted Turner and Thomas Peterffy. He has been buying thousands of acres across America. As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan. While viral conspiracy theories baselessly conjecture that Gates is buying up farmland in order to starve Americans for some unknown reason, there's likely a simpler explanation: Gates makes money off this land. 54. 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. But unlike those men, Gilbert has plans to redevelop his properties and not just sit on them. Social media post scrambles the facts on high egg prices," Jan. 13, 2023, Various searches on Google and Nexis, accessed Jan. 24, 2023, The Land Report, "Farmer Bill," Jan. 11, 2021, The Land Report, "Bill Gates is About to Change the Way America Farms," Winter 2020 magazine issue, The Land Report 100, Winter 2021 magazine issue, The Land Report 100, Winter 2022 magazine issue, Email exchange, Eric OKeefe, editor, The Land Report, Jan. 23, 2023, Email exchange, Gates Ventures, Jan. 24, 2023, GatesNotes, "Future of food," March 18, 2013, GatesNotes, "What the plow and lab-grown meat tell us about innovation," Feb. 27, 2019, GatesNotes, "Is there enough meat for everyone?," April 21, 2015, GatesNotes, "Why I would raise chickens," June 7, 2016, U.S. Bureau of Labor Statistics, "Consumer Price Index," Jan. 12, 2023, U.S. Department of Agriculture, "Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022," Jan. 11, 2023, U.S. Department of Agriculture, "2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks," Jan. 18, 2023, U.S. Department of Agriculture, "Avian Influenza," Jan. 18, 2023, U.S. Department of Agriculture, "Farms and Land in Farms, 2021 Summary," February 2022, Reddit, Bill Gates Ask Me Anything, March 19, 2021, Bill & Melinda Gates Foundation, "Agricultural Development," accessed Jan. 24, 2023, Associated Press, "Bill Gates owns a lot of American farmland, but not the majority," May 2, 2022, Vox, "The controversy over Bill Gates becoming the largest private farmland owner in the US," June 11, 2021, NBC News, "McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland," June 8, 2021, Reuters, "Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses," May 5, 2022, CNBC, "Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future," March 23, 2018, CNBC, "Bill Gates bets on growing demand for sustainable foods," May 14, 2015, Bloomberg News, "Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. Who owns the most property in Detroit Michigan? Those people are upset, but there are others that are just livid about this.. Amazing, if truebut its extremely not. In 1994, Bill Gates opened up his family office, Cascade Investment LLC, with trusted wealth manager Michael Larson. Perhaps history is repeating itself? He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . In this short period of time, there was a proliferation in funds that were specifically focused on farmland investing. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Nebraska has the third-most Gates-owned farmland in the nation. I have written several articles on postings related to Big Tech, Social Media and Corporations. As of 2022, he owned 248,000 acres of farmland across more than a dozen states, but this accounts for less than 1% of the total farmland in the U.S. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn, cotton. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. 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. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. One of the most prevalent claims related to Gates and the potential for food shortages is that the billionaire owns a suspicious amount of farmland in the United States. But these land holdings account for only a tiny share of the countrys total farmland. The timeline of events leading to the shortages, claim multiple Instagram posts, goes like this: "2013: Bill Gates invests (in) plant-based eggs, poultry, and meat", "2021: Bill Gates becomes the largest private farmland owner in the U.S.", "2021-2023: Mass chicken and egg shortages hit American farms", The Gateway Pundit, a conservative website, shared a similar claim. 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. It's not part of his plans to save the planet. Oct 22, 2014. Accessed 28 Apr. In January 2021, Bill Gates became the largest owner of farmland in the United States. 2023 Benzinga.com. Why am I just learning about this NOW?. Bill Gates Uses Farmland as Investment Vehicle, Owning 269,000 Acres of Land. NBC News, https://www.nbcnews.com/now/video/bill-gates-is-nation-s-largest-farmland-owner-114566213692. Bill Gates is Americas biggest farmer, his 269000 acres farmland grows potatoes and carrots. Hearst Magazine Media, Inc. All Rights Reserved. At about $6,000 per acre, the potato farm cost roughly half of what Gates reportedly spent on highly coveted soil closer to his home in Washington. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion. Bill Gates is America's biggest farmer, his 269000 acres farmland grows potatoes and carrots Gates has farmlands in Louisiana, Nebraska, Georgia and other areas. Is Farmland Partners (FPI) A Good Investment? No one but Bill Gates knows that answer. 1800 I Street NW 2,167 acres. Social media post scrambles the facts on high egg prices, Bill Gates Invested In Artificial Eggs a Decade Before Egg Shortage, Bill Gates is About to Change the Way America Farms, What the plow and lab-grown meat tell us about innovation, Avian influenza outbreaks reduced egg production, driving prices to record highs in 2022, 2022-2023 Confirmations of Highly Pathogenic Avian Influenza in Commercial and Backyard Flocks, Bill Gates owns a lot of American farmland, but not the majority, The controversy over Bill Gates becoming the largest private farmland owner in the US, McDonald's french fries, carrots, onions: all of the foods that come from Bill Gates farmland, Fact Check-Bill Gates doesnt own most U.S. farmland; BlackRock doesnt own most houses, Bill Gates and Richard Branson are betting lab-grown meat might be the food of the future, Bill Gates bets on growing demand for sustainable foods, Lab-Grown Meat Backed by Gates, Tyson Foods Faces U.S. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. The report states that Gates has 70,000 acres of land in North Louisiana where they grow soybeans, corn .