Yes, It's True – Bill Gates' 275,000 Acres Of Farmland Grows The Potatoes For McDonald's French Fries

Benzinga07-25

Bill Gates, the Microsoft co-founder known for his tech innovations and philanthropic efforts, has become an important player in a surprisingly traditional sector: Fast food. According to an ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454874592?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-25 21:37","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2454874592","market":"us","top_or_hot":-1,"title":"Yes, It's True – Bill Gates' 275,000 Acres Of Farmland Grows The Potatoes For McDonald's French Fries","media":"Benzinga","content":"<div>\n<p>Bill Gates, the Microsoft co-founder known for his tech innovations and philanthropic efforts, has become an important player in a surprisingly traditional sector: Fast food.\nAccording to an ...</p>\n\n<a href=\"https://finance.yahoo.com/news/yes-true-bill-gates-275-133713253.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yes, It's True – Bill Gates' 275,000 Acres Of Farmland Grows The Potatoes For McDonald's French Fries</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYes, It's True – Bill Gates' 275,000 Acres Of Farmland Grows The Potatoes For McDonald's French Fries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-25 21:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/yes-true-bill-gates-275-133713253.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bill Gates, the Microsoft co-founder known for his tech innovations and philanthropic efforts, has become an important player in a surprisingly traditional sector: Fast food.\nAccording to an ...</p>\n\n<a href=\"https://finance.yahoo.com/news/yes-true-bill-gates-275-133713253.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4511","symbol_name":"特斯拉概念","start_time":0,"source_url":"https://finance.yahoo.com/news/yes-true-bill-gates-275-133713253.html","article_id":"2454874592","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454874592","pubTimestamp":1721914633,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Bill Gates, the Microsoft co-founder known for his tech innovations and philanthropic efforts, has become an important player in a surprisingly traditional sector: Fast food.According to an investigative report issued by NBC News, among the nearly 300,000 acres of farmland owned by the billionaire is a 14,500-acre plot in Washington state that is so vast it can be seen from space. This plot is dedicated to growing potatoes, some used to make McDonald's French fries.Will the surge continue or decline on real estate prices?North Louisiana: 70,000 acres where farmers grow soybeans, rice, corn, and cotton.His farmland empire also includes land previously owned by other billionaires, including former WorldCom CEO Bernard Ebbers in Louisiana.Despite the scale of Gates’ farmland, farmer advocates are concerned about the impact of such large-scale acquisitions on smaller, independent farmers. With nearly 40% of U.S. farmland owned by individuals aged 65 or older, NBC News noted that deep-pocke","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4511":"特斯拉概念","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4548":"巴美列捷福持仓","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823414478.USD":"法巴经典能源转换基金","BK4592":"伊斯兰概念","BK4554":"元宇宙及AR概念","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","BK4553":"喜马拉雅资本持仓","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4512":"苹果概念","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4555":"新能源车","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","MCD":"麦当劳","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4505":"高瓴资本持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4504":"桥水持仓","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC"},"translate_title":"是的，这是真的——比尔·盖茨的275,000英亩农田种植了麦当劳炸薯条的土豆","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCD":0.9},"content_text":"Bill Gates, the Microsoft co-founder known for his tech innovations and philanthropic efforts, has become an important player in a surprisingly traditional sector: Fast food.\nAccording to an investigative report issued by NBC News, among the nearly 300,000 acres of farmland owned by the billionaire is a 14,500-acre plot in Washington state that is so vast it can be seen from space. This plot is dedicated to growing potatoes, some used to make McDonald's French fries.\nDon't Miss:\n\nWill the surge continue or decline on real estate prices? People are finding out about risk-free real estate investing that lets you cash out whenever you want.\nA billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.\n\nAcquired beginning in 2012 through at least 22 limited liability shell companies linked to his investment group, Cascade Investments, Gates has been buying farmland in 18 states. So much farmland that, if grouped together, it would cover about 25% of Rhode Island.\"My investment group chose to do this,\" Gates said in response to a Reddit user who asked him why he was buying so much U.S. farmland during an ‘Ask Me Anything' session in 2021. \"The agriculture sector is important.\"The connection between Gates and the fast-food giant doesn’t end there. Benzinga reported that Gates is also one of the few individuals worldwide to possess a McDonald’s “Gold Card,” which grants him free meals at any of the chain’s locations globally. \nTrending: Commercial real estate has historically outperformed the stock market, and this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!\nHowever, Gates' farmland is much more than just a supplier for the largest restaurant chain in the world. According to the report, it is used to grow soybeans, corn, cotton, carrots, rice, and onions – the same onions used in American kitchens.More pointedly, Gates, through Cascade Investments, owns farms across various states:\n\nNorth Louisiana: 70,000 acres where farmers grow soybeans, rice, corn, and cotton.\nNebraska: 20,000 acres primarily dedicated to soybean cultivation.Washington: Over 14,000 acres, including the massive potato fields used by McDonald's.\nFlorida: Farms where carrots are grown on Gates’ property.Georgia: Initially over 6,000 acres, where farms specialized in Vidalia onions and carrots.\n\nSee Also: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.\nHis farmland empire also includes land previously owned by other billionaires, including former WorldCom CEO Bernard Ebbers in Louisiana.Despite the scale of Gates’ farmland, farmer advocates are concerned about the impact of such large-scale acquisitions on smaller, independent farmers. With nearly 40% of U.S. farmland owned by individuals aged 65 or older, NBC News noted that deep-pocketed investors like Gates could outbid the next generation of farmers when more land becomes available.\n“There’s significant competition from non-farmers, and that really affects young farmers because it means that the price they’re trying to compete with on the marketplace is driven and determined by people who are not dependent on a farming income,” said Holly Rippon-Butler, former land campaigns director at the National Young Farmers Coalition.\nJohnathan Hladik, former policy director at the Center for Rural Affairs, noted, \"Farmers just aren’t owning the assets anymore. Someone else is building that equity on their back.\"\nRead Next:\n\nThis billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.\nCan you guess which type of investments Morgan Stanley says will reach $2.7 trillion by 2027? It even offers up to 20% APY potential to accredited investors up to $300 back in bonus for new users.\n\n\"ACTIVE INVESTORS' SECRET WEAPON\" Supercharge Your Stock Market Game with the #1 \"news & everything else\" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!\nGet the latest stock analysis from Benzinga?\n\nAPPLE (AAPL): Free Stock Analysis Report\nTESLA (TSLA): Free Stock Analysis Report\n\nThis article Yes, It's True – Bill Gates' 275,000 Acres Of Farmland Grows The Potatoes For McDonald's French Fries originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454874592"}