bill gates buying farmland map
Farmland is what is known as an alternative asset an investment that can grow wealth outside of the stock market. In 2017, Angelina Plantation changed hands one more time and became one of the principal farmland assets in the Gateses Cascade Investments portfolio. However, Bill Malone is an American billionaire businessman who owns over 2.2 million acres of farms, ranches, and forests in the United States. 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. 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. 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. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Why Is Bill Gates Buying So Much Farmland? And Eastern Washington has some of the richest, most expensive farmland in the country. Apply to GLOCALs 2023 program to help advance Latin American agrifoodtech, What is the role of biotech in an ethical food system? The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. Is Farmland Partners (FPI) A Good Investment? His environmental bent also extends to farming. Remember that metal-sided building down near the Bayou Teche? Responding to the question, Hey Bill! While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Bill Gates tells Reddit why he's bought so much farmland - AFN 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. In 2018, when 100 Circles sold, it was even better. Future crops may be designed to grow better in droughts, heatwaves and withstand disease. a Reddit user asked. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. Gates co-founded Microsoft. Many people wonder why Bill Gates would make these moves with his investment portfolio. Bill and Melinda Gates own 70,000 acres of Louisiana farmland; what It, too, was sold, on September 25, 2006, the day before Ebbers began serving his sentence at the Oakdale Federal Correctional Institution. And it did this so quietly one might even say it was done in secret. 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. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona.
bill gates buying farmland map