Going forward, in line with the spirit of Leading Harvest, Cascade plans to continue to evaluate and implement new initiatives that will improve the overall sustainability of its farmland portfolio, the spokesperson revealed. For example, ethanol is a biofuel made from corn, barley, or sorghum and used as a gasoline alternative. Over the next five years, AgCoA acquired more than 100,000 acres in nine states. 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. Yet he's hardly alone. 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.. Thus, in Gates mind, its extremely important to help empower these developing peoples before that year comes to fruition. At its listed headquarters 8318 Highway 565 Angelina Agriculture boasted two employees and reported annual revenues just north of $300,000. Why Is Bill Gates Buying So Much Farmland? 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. According to public records, the billionaires portfolio includes shares in Warren Buffetts Berkshire Hathaway conglomerate, a Coca-Cola bottling company, and the tractor manufacturer Deere & Co., among other non-flashy investments. 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. Not surprisingly, one of Leading Harvests other inaugural members is a Cascade entity called Cottonwood Ag Management. 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. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. However, Microsoft wasn't Bill Gates' only successful venture. That remains unclear. Stay up to date with what you want to know. Remember that metal-sided building down near the Bayou Teche? Biofuels are renewable fuel sources that are created from the biomass of animals and plants. While Bill Gates is technically the largest farmland owner in the United States, he isn't. These allow investors to get stared with as little as $10,000. 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. 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. 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. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. The Tri-City Herald reported that the purchaser was a Louisiana investor, a limited liability company associated with Angelina Agriculture of Monterey, Louisiana. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. There wasnt a rock, let alone a pebble, or even a root to be seen in the soil. Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. Angelo Merendino for The New York Times. The burgeoning metropolis of Monterey, population 462, rang a bell, but despite my best efforts, I couldnt connect the dots to anyone whom we had profiled in The Land Report or, for that matter, anyone who was on our watch list. Thats exactly what I thought. In January 2020, The Land Report announced the launch of a sustainability standard that was developed by U.S. farmland owners and operators. Most notably, in 2017, the Gates-affiliated Mt. We invest in the farms to raise productivity. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. One asked about the viability of seawater desalination to solve global water shortages. We want to be open to ideas that seem wild.. Bill and Melinda Gates. Gate's private American farmlands are worth an estimated $690 million.. And the rich are now buying up vast swathes of farmland. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. 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. How can this inform our personal investment decisions? With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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.. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. The agriculture sector is important, he wrote. 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. Bill Gates does not own the majority of U.S. farmland. Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce. than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. The firm is a shareholder in plant-based protein companiesBeyond MeatandImpossible Foods, as well as agricultural equipment makerJohn Deere. The largest parcel, a proposed 24,800-acre development known as Belmont, might someday contain 80,000 homes, along with offices, retail, industrial and logistics facilities. But some of the software pioneers investments do reveal his grander goals. But the purchaser of record was a small, obscure company in Louisiana. People that live in that area, people that live around the state know about the situation, Goehring said in response, Theyre probably more angry because, first of all, they dont want Bill Gates as a neighbor, but the land was sold for less than what it would have been auctioned.. 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? What special interest does Bill Gates have in farmland? The plant-based protein craze will be worth $23.4 billion by 2027. At current valuations, its one of the nations best farmland opportunities. 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. And the methods may cost more than the value of the yield. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. "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?" 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. Pretty pricey dirt, right? Why Bill Gates is Buying Farmland. And from an agricultural perspective, the region surrounding Walla Walla and the Horse Heaven Hills has evolved into a commercial hub, complete with controlled atmosphere (CA) storage, state-of-the-art transportation infrastructure, and ready access to low-cost hydropower. Cell ag experts weigh in, Vertical farming should be one instrument in a farmers toolbox, not the whole operation or the farmers competition, Technology is a means, not an end in farming: Key takeaways from Indoor Ag-Con 2023, Digitizing the supply chain drove investment increase in African agrifoodtech in 2022, It will be a year of bust-ups, roll-ups and M&A: VC predictions for agrifoodtech investment, Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets, Food & ag corporates prefer to engage with academia, research over startups, according to open innovation report. Especially when it comes to row crops like sweet corn and wheat, which were grown in rotation with potatoes on 100 Circles, which is the name of the property that changed hands. 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. Cows may be given miracle vaccines to help them produce higher quality milk and meat. 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. 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. BlackRock also does not own the majority of the countrys 80 million single-family homes. The farm was subsequently sold to AgCoA, which was acquired by the Canada Pension Plan Investment Board. 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. He had accumulated more than 269,000 acres of farmland across 18 states in less than a decade. Seed technology is the process of using technology, updated farming methods, and genetically modified seeds to optimize yield potential; maximize yield potential in less-than-ideal farming conditions; and make farming practices infinitely more cost-efficient.. The cost is prohibitive for agricultural use of water. 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. By Eric O'Keefe 1/15/2021 Listen to article Photo credit: Chesnot, Getty Images Call it a hunch, but the story did not jibe. Interestingly enough, though the Bill and Melinda Gates Foundation is working on this agriculture initiative. None of the information contained on this website is a recommendation to invest in any securities. In a former life, Angelina, the purchaser that paid $171 million for 100 Circles in 2018, was, in fact, Bernie Ebberss Angelina Plantation. Most of us imagine farmers tilling the soil that has been in their families for generations. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. 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 is an American technology pioneer. the latest American Housing Survey by the Census Bureau. In it, the four-time Academy Award winner plays an over-the-hill journalist who has a nosefor a story. I had gained this smidgen of geologic proficiency while researching our 2018 Farmland Deal of the Year, Weidert Farm, in neighboring Walla Walla County. What Asset Class Is Farmland Considered To Be? 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. 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. AcreTrader is one of the most well-established farmland crowdfunding platforms out there. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. And the Belmont property is located along Interstate 10, the regions major east-west artery, making it an excellent location for Amazon-style warehouse complexes. Check out current deals on AcreTrader now! Why doesnt everyone just invest in farmland then? You might remember an intriguing story from earlier this year, when an investigative journalist discovered that Microsoft co-founder Bill Gates had been quietly buying up so much farmland. The Land Report tracks numerous Louisiana landowners; Angelina Agriculture is not one of them. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. But a rep for Gates is calling these claims ludicrous. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. 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. Ninety-six percent of everything produced in North Dakota leaves our state, said Goehring. That means Gates, whose net worth is estimated at some $134 billion. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for. Some of the links on this site are affiliate links. 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. Farmland Riches is sponsored by FarmTogether. Credit Chris Janiec at Agri Investor for this eagle-eyed investigating. By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. ALT TEXT: Indian farmers tending to rice fields by hand. 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. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. To see all exchange delays and terms of use, please see https://www.barchart.com/solutions/terms. 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. 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. Agricultural technology advances of the future, or Agri-Tech, will create super productive seeds, sustainable biofuels and super crops. 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.. Any historical returns, expected returns, or probability projections are forward looking statements and may not reflect actual future performance. dvelopper et amliorer nos produits et services. 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. he has consistently made investing choices that brought him unusual and incredible returns, and this has brought him great wealth when others made the wrong fiscal moves, and lost much. Not only was he no longer reliant on his own companys success for his own personal wealth, but he set himself up to make even bigger moves in the decades to come. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. , an annual survey of the nations largest landowners. 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. In 2000, the new Gates foundation launched with Bill, Melinda, and Warren Buffet on the trustee board. 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. 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. Land Income 2021. However, Bill Gates investing in farmland may encourage others to begin viewing farmland as smart investing opportunities. Along with his wife Melinda Gates, Bill owns over 268,000 acres of farmland diversified in over 19 states. 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 investments from both parties had locals raise their concerns to North Dakota Agriculture Commissioner Doug Goehring on a July 6 in a town meeting. Given the size and cost of 100 Circles, both of those figures made no sense at all. 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. The story went dark on the buy side, however. 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. According to The Land Report, at the time, Gates had a total of 268,985 acres, almost all of which is active farmland. What Returns Should You Expect From Farmland Investing? Futures: at least 10 minute delayed. Gates' interest in farmland is still strong. According to Bruce Sherrick, a professor of agricultural economics at the University of Illinois at Urbana-Champaign, about 60 percent of row-crop farmland in the Midwest is leased. Is this simply a diversification of Gates' massive tech investment portfolio? In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Owning farmland is one of the most prudent financial investments to make now. And already in 2022, the forecast averages about $100 billion in profits. As more investors look to buy land, those who got in earlier are poised to benefit from the appreciation of the land value. 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. Get the latest news and research from AFN & AgFunder in your inbox. Prior to this in 1999, Bill sold off tons of Microsoft stock to diversify. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? LITTLE ROCK, Ark. Talk about big bets. 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. 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. 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. 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. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named White Oak Pastures in Bluffton, Georgia, said he has concerns about Gates controlling . And its headquarters was in you guessed it Monterey, Louisiana. Bill Gates, one of the most powerful billionaires in the world and co-founder of . Call it a hunch, but the story did not jibe. The nearby community of Buckeye has grown more than tenfold in the last 20 years. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. The typical farmer may plant anywhere between 75,000 to 250,000 seeds per acre to maximize as much seed yield advantage as possible. The current best estimate is that the modern world will run out of fossil fuels, and the ability to fuel its global fossil-fuel run infrastructure, by the year 2067. Gate's hefty investment in American farmland may also be tied to his interests in developing super-crops. The project isnt yet funded. That can mean better yields with decreased use of fertilizers and pesticides. And it did this so quietly one might even say it was done in secret. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Corporations own the other 3% and rent land or buy many of the crops owned by the 97%. It is not connected to climate, he wrote. 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. However, there are also countless farmland investing platforms gaining traction now too. Gates co-founded Microsoft. But why specifically North Dakota? 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. The world is moving forward with renewable energy sources like solar and biofuels. All investments involve risk and may result in loss. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. Best Farmland Investing Platforms Non-Accredited, Best Canadian Farmland Investing Platforms. Over time, Gates sold personal stock in Microsoft and. Since its IPO in 1985, Microsoft has seen continual success. I readily admit forgetting where and when I first caught wind of it, but the moment I read that Tri-City Herald story, I knew the ending definitely needed a rewrite. Nous, Yahoo, faisons partie de la famille de marques Yahoo. At least thats what the developers partnered with Gates investment group have promised.
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