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(Some Guy)   There's a bunch of stuff in this article about land ownership and the divide between people concerned with conservation and people just looking for a quick buck, but one interesting takeaway is that Bill Gates is the largest owner of farmland in America   (illinoisnewsroom.org) divider line
    More: Strange, Landlord, Renting, Agriculture, Leasehold estate, much concern, Absentee landlord, highest rate, conservation practices  
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848 clicks; posted to Business » and Politics » on 09 Jun 2021 at 1:34 PM (6 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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6 days ago  
"Most people I know would say it would be better if more of the land was owned by farmers that farmed it," says Schnitkey, the Illinois farm management professor. "But there's no way to make that happen."

There is but will the US do it?
This nation needs an honest discussion about wealth redistribution.
 
6 days ago  
Well, where do you think they raise all the servers?  On a server farm.

Duh.
 
6 days ago  

xanadian: Well, where do you think they raise all the servers?  On a server farm.

Duh.


Fark user imageView Full Size
 
6 days ago  
The guy loves him some corn. There's nothing wrong with that. Don't corn shame Bill Gates.
 
6 days ago  
gotta grow those micro-potatoes to make the microchips he's implanting in all of us somewhere, I suppose.
 
6 days ago  
Already this thread is filled with anti-win.
 
6 days ago  

Nadie_AZ: "Most people I know would say it would be better if more of the land was owned by farmers that farmed it," says Schnitkey, the Illinois farm management professor. "But there's no way to make that happen."

There is but will the US do it?
This nation needs an honest discussion about wealth redistribution.


prior to that, perhaps, it needs to have a look at wealth generation.
 
6 days ago  
Capitalism : a system where one person can own as much as tens of millions of people.

Capitalism is just another form of feudalism.
 
6 days ago  

Nadie_AZ: "Most people I know would say it would be better if more of the land was owned by farmers that farmed it," says Schnitkey, the Illinois farm management professor. "But there's no way to make that happen."

There is but will the US do it?
This nation needs an honest discussion about wealth redistribution.

"If you do not change direction, you may end up where you are heading"


~Lao Tzu
 
6 days ago  

Uranus: gotta grow those micro-potatoes to make the microchips he's implanting in all of us somewhere, I suppose.


Sure you mock it, but why does a quarter stick to my skin now?  WHY?!!!
 
6 days ago  

xanadian: Well, where do you think they raise all the servers?  On a server farm.

Duh.


media1.tenor.comView Full Size
 
6 days ago  
It's not slavery! I just make sure the rent is just high enough that I ensure their continued labor! They are perfectly free to leave and build their own wealth!

/holy shiat you really could just copy paste pages from the Jim Crow chapter of White Rage...
 
6 days ago  

lolmao500: Capitalism : a system where one person can own as much as tens of millions of people.

Capitalism is just another form of feudalism.


User name checks out.
 
6 days ago  

Nadie_AZ: "Most people I know would say it would be better if more of the land was owned by farmers that farmed it," says Schnitkey, the Illinois farm management professor. "But there's no way to make that happen."

There is but will the US do it?
This nation needs an honest discussion about wealth redistribution.


hilariously, sadly and ironically, my old high school mates that still rent apartments and drive noisy, beater cars will argue against "socialism" until they die in a warehouse full of piss-soaked cots
 
6 days ago  
The largest landowner is John Malone, the cable asshole. Gates isn't even in the top 10.

Yeah, I know the article says "farmland." Who cares if the land he owns is "farmland"?
 
6 days ago  

xanadian: Well, where do you think they raise all the servers?  On a server farm.

Duh.


Fark user imageView Full Size
 
6 days ago  
"One of those very large landowners, if you go past his fields, they're characterized by ponds. And there's nothing in those ponds except mosquitoes. There's no fish, no nothing. It's just drowned out crops," Warfel says.

Those aren't ponds.  They're reservoirs from before widespread adoption of deep well drilling for agriculture.  A bilge pump attaches to the PTO stub and is used to water the fields.

Also, Bill grows carrots.
 
6 days ago  
Duh. They had to keep it nice for everyone's desktop background.

Fark user imageView Full Size
 
6 days ago  

lolmao500: Capitalism : a system where one person can own as much as tens of millions of people.

Capitalism is just another form of feudalism.


Private enterprise:  You have two cows, you sell one and buy a bull.

Captialism:  You have two cows. You sell three cows to an off-shore corporation, then execute a debt / equity swap with associated general offer so that you get all four cows back, with a tax deduction for keeping five cows. The milk rights of six cows are transferred via a Panamanian intermediary to a Cayman Islands company secretly owned by the majority shareholder, who sells the rights to all seven cows' milk back to the listed company. The annual report says that the company owns eight cows, with an option on one more. Meanwhile, you kill the original two cows to keep your operating costs down and make the balance sheets look really good for this quarter.
 
6 days ago  

Peki: It's not slavery! I just make sure the rent is just high enough that I ensure their continued labor! They are perfectly free to leave and build their own wealth!

/holy shiat you really could just copy paste pages from the Jim Crow chapter of White Rage...


Lease farmers can break 7 figures on 10,000+ acres.  Slavery indeed.
 
6 days ago  
one interesting takeaway is that Bill Gates is the largest owner of farmland in America

He knows that there is no Moore's Law for food production.
 
6 days ago  
look in america everyone with enough monye owns farmland.
Di you all know that Michael Jordan owns farm land and some of the monye to his name is tax dollar farm subsidy money.

more or less if you are wealthy enough in america, some of your wealth start to come from actual tax payers once your accountant starts investing your monye in farmland.

cause nothing says America like into corporate americn for RnD so more wealthy Americans don't have to invest their own monye and take their own risks in the market for their private gains, if we just foot the billl for them and later make that much more profits on jacked up prices and privately owned patens
 
6 days ago  

thehellisthis: "One of those very large landowners, if you go past his fields, they're characterized by ponds. And there's nothing in those ponds except mosquitoes. There's no fish, no nothing. It's just drowned out crops," Warfel says.

Those aren't ponds.  They're reservoirs from before widespread adoption of deep well drilling for agriculture.  A bilge pump attaches to the PTO stub and is used to water the fields.

Also, Bill grows carrots.


I heard something on NPR about one farmer being paid a subsidy to turn one of his fields into a "recovered wetland."  Something about catching the run off from his and other fields, holding it for a while, something something fertilizer and pesticides something something.
 
6 days ago  

flondrix: lolmao500: Capitalism : a system where one person can own as much as tens of millions of people.

Capitalism is just another form of feudalism.

Private enterprise:  You have two cows, you sell one and buy a bull.

Captialism:  You have two cows. You sell three cows to an off-shore corporation, then execute a debt / equity swap with associated general offer so that you get all four cows back, with a tax deduction for keeping five cows. The milk rights of six cows are transferred via a Panamanian intermediary to a Cayman Islands company secretly owned by the majority shareholder, who sells the rights to all seven cows' milk back to the listed company. The annual report says that the company owns eight cows, with an option on one more. Meanwhile, you kill the original two cows to keep your operating costs down and make the balance sheets look really good for this quarter.


...and...you make burgers out of them.

I wonder if this is how McDonald's got started.
 
6 days ago  

flondrix: one interesting takeaway is that Bill Gates is the largest owner of farmland in America

He knows that there is no Moore's Law for food production.


Everything is edible if you stew it long enough.

That's Dinty Moore's law.
 
6 days ago  

flondrix: I heard something on NPR about one farmer being paid a subsidy to turn one of his fields into a "recovered wetland."  Something about catching the run off from his and other fields, holding it for a while, something something fertilizer and pesticides something something.


I haven't heard anything about runoff fields, but carbon credits want you to grow rye or something like that, then just kill it & turn it under.  After 3-4 years water no longer runs off since you're effectively making mulch and topsoil.  If GM wants to write someone a big check to cut the grass, then cut the grass.
 
6 days ago  
Make being on the Sunday Times Rich List and the Forbes Rich List a thing to avoid.

Every year, tax 10% of the total asset base of the top 100 richest people in the country. Make the game to be 101.

There will be an explosion if charitable giving, like in the early 1900s.
 
6 days ago  

Smelly Pirate Hooker: The largest landowner is John Malone, the cable asshole. Gates isn't even in the top 10.

Yeah, I know the article says "farmland." Who cares if the land he owns is "farmland"?


You mean, apart from the person writing an article about the ownership of farmland?  And people reading an article about the ownership of farmland?

Personally I find it interesting, it means there's one belly-button to go poke and convince that restorative agriculture is necessary to have sustainable farming.

Convince him to have a plan to migrate X% of his holdings to restorative ag farmers over the next Y years and he can be the test case.  Do an A/B comparison to see what happens to the finances of those farms.  Seems like something that would be right in his wheelhouse.
 
6 days ago  
An 80-acre farm in central Illinois is worth about $1 million. Schnitkey says sky-high prices prevent many farmers from owning their own land.


Wow.  I havent looked at farm prices in a while.  I remember land being 2k an acre, now its 12?

This answers if i am going to have to manage my father in laws quarter that has been in his fam for 150 years.  My bils and sils are not going to pass up on that payday.
 
6 days ago  
This all depends on the semantics.  If growing trees, as in tree farming, is farming, then the US Government, i.e., WE THE PEOPLE are the largest landowners of farmland.
 
6 days ago  

Nadie_AZ: This nation needs an honest discussion about wealth redistribution.


Farming is not very profitable unless you do it at huge scale. As farming becomes more efficient, you need fewer farmers to do the same job which puts the squeeze on. The reason so much land is owned by megacorps is because farmers sold it to them 'cause farming wasn't economically sustainable.

So unless you address that problem, any wealth redistribution will be temporary at best.

Bottom line is food needs to be more expensive in the US. Replace subsidies at the farm level with subsidies at the consumer level, and let farmers charge enough for their crops that they can actually make a living.

Bonus: This also alleviates some of the problems with illegal immigration, since the economic problems in central/south America are exacerbated (if not directly the result of) subsidized American farming making imported food cheaper than locally produced food, putting farmed in those countries out of work... so they come to the US. (See also: The effects of China's subsidies on cheap consumer goods puts the screws to US manufacturing)
=Smidge=
 
6 days ago  
Never thought of Gates as a farmer. Given some of his old running crew, I figured he'd be more into miners.
 
6 days ago  

Porkbelly: This all depends on the semantics.  If growing trees, as in tree farming, is farming, then the US Government, i.e., WE THE PEOPLE are the largest landowners of farmland.


A Hungarian guy named Tom Peterffy is right behind that.  He's like Soros, but with banjos.  And he owns your toilet paper.
 
6 days ago  
Most of the farm land here is either owned by the airport authority (crash areas) which they rent out or by a very large Turkey operation (they supply thanksgiving turkeys to the White House). The rest of the land is up in the north end of the counties and that is split between rented land and family owned land.
 
6 days ago  

Peki: It's not slavery! I just make sure the rent is just high enough that I ensure their continued labor! They are perfectly free to leave and build their own wealth!

/holy shiat you really could just copy paste pages from the Jim Crow chapter of White Rage...


Fark user imageView Full Size
 
6 days ago  

thehellisthis: Peki: It's not slavery! I just make sure the rent is just high enough that I ensure their continued labor! They are perfectly free to leave and build their own wealth!

/holy shiat you really could just copy paste pages from the Jim Crow chapter of White Rage...

Lease farmers can break 7 figures on 10,000+ acres.  Slavery indeed.


Can? Is that an average? Median? Sales? Profit? I'd love more info.

/genuinely curious, but I'm not kidding that the lines this guy was spouting sounded eerily like some of the ones in the book talking about anti-vagrancy policies in antebellum South
 
6 days ago  

Peki: thehellisthis: 
Lease farmers can break 7 figures on 10,000+ acres.  Slavery indeed.

Can? Is that an average? Median? Sales? Profit? I'd love more info.

/genuinely curious, but I'm not kidding that the lines this guy was spouting sounded eerily like some of the ones in the book talking about anti-vagrancy policies in antebellum South


I'm betting that it's a "can." In North Dakota they trot out the perennial bullshiat that we have among the highest number of millionaires per capita in the country. On the surface it makes everyone go "YAY REPUBLICANS," but in actuality there's shenanigans afoot. 

The whole millionaire per capita thing is true if you only look at assets lines of one of our major industries: Agriculture. Farmers and ranchers have tons of wealth in assets given the reality of land usage, land cost, livestock, crops, seed, machinery and farm infrastructure. But when you start looking at deb to asset ratios or even liquidity rates you start to understand that those millionaires are mostly on paper only. So, farmers CAN make 7 figures on 10,000 acres, but they also have associated loans in the 7-8 figures for land, machinery, livestock, seed, infrastructure, etc. As with most other things in the U.S., it's become a bit of a shell game.
 
6 days ago  
Fark - a bunch of people getting paid to goof off at their cushy office jobs bemoaning how awful capitalism is.
 
6 days ago  

Man. Goatman.: Peki: thehellisthis: 
Lease farmers can break 7 figures on 10,000+ acres.  Slavery indeed.

Can? Is that an average? Median? Sales? Profit? I'd love more info.

/genuinely curious, but I'm not kidding that the lines this guy was spouting sounded eerily like some of the ones in the book talking about anti-vagrancy policies in antebellum South

I'm betting that it's a "can." In North Dakota they trot out the perennial bullshiat that we have among the highest number of millionaires per capita in the country. On the surface it makes everyone go "YAY REPUBLICANS," but in actuality there's shenanigans afoot. 

The whole millionaire per capita thing is true if you only look at assets lines of one of our major industries: Agriculture. Farmers and ranchers have tons of wealth in assets given the reality of land usage, land cost, livestock, crops, seed, machinery and farm infrastructure. But when you start looking at deb to asset ratios or even liquidity rates you start to understand that those millionaires are mostly on paper only. So, farmers CAN make 7 figures on 10,000 acres, but they also have associated loans in the 7-8 figures for land, machinery, livestock, seed, infrastructure, etc. As with most other things in the U.S., it's become a bit of a shell game.


That was what I was figuring. I've heard equipment upgrades alone can send a farmer into bankruptcy, and especially with climate change going forward, it's gonna be a bumpy ride.

And just that guy's attitude alone was *all* wrong.
 
6 days ago  
*Debt to asset ratios.

/Preview is my friend.
//Not sure who this deb character is but I bet she's going on about CRT.
///"Land, land... Land: see Snatch. ... Ah, Haley vs. United States. Haley: 7, United States: nothing. You see, it can be done!"
 
6 days ago  

FLMountainMan: Fark - a bunch of people getting paid to goof off at their cushy office jobs bemoaning how awful capitalism is.


Whar capitalism whar?
 
6 days ago  

Peki: That was what I was figuring. I've heard equipment upgrades alone can send a farmer into bankruptcy, and especially with climate change going forward, it's gonna be a bumpy ride.

And just that guy's attitude alone was *all* wrong.


Yep. A new 100 horsepower, 4 wheel drive tractor can range up to $75,000. A new combine can be up to half a million. That's not to mention the mows, rakes, plows, seeders and more that any farmer or rancher might have.
 
6 days ago  
In Northern California there are a lot of orgs that buy up easements to protect the farms, redwoods and other natural environments forever.

https://malt.org/how-we-protect-farml​a​nd/
https://sonomalandtrust.org/
https://www.savetheredwoods.org/what-​w​e-do/our-work/protect/land-projects/

I'm thankful for the Miwoks being good stewards of the land for 1000s of years.  95% of the Redwoods were cut down in only the last 150 years.   It's criminal.  I'm thankful of all those who seek to preserve it.  But not a fan of the "historic" farms on Point Reyes.
 
6 days ago  

NkThrasher: Smelly Pirate Hooker: The largest landowner is John Malone, the cable asshole. Gates isn't even in the top 10.

Yeah, I know the article says "farmland." Who cares if the land he owns is "farmland"?

You mean, apart from the person writing an article about the ownership of farmland?  And people reading an article about the ownership of farmland?

Personally I find it interesting, it means there's one belly-button to go poke and convince that restorative agriculture is necessary to have sustainable farming.

Convince him to have a plan to migrate X% of his holdings to restorative ag farmers over the next Y years and he can be the test case.  Do an A/B comparison to see what happens to the finances of those farms.  Seems like something that would be right in his wheelhouse.



And Gates and other like owners may expect that those who handle his holdings to look into sustainable practices. I suspect that the real problems are large corporations with diverse ownership groups who focus typically shifts exclusively to the bottom line.


FTA
"For many landowners, it's all about making a profit. Bill Gates, for example, is America's top farmland owner. And, oftentimes, that means conservation practices - which involve investing time and money - fall by the wayside."

I found this way the Bill Gates example was wedged in here a bit poorly written. What does the pronoun "that"  refer to? Presumably to profit being the primary concern for landowners, but the way it's written portrays, without evidence, Gates as cause.
 
6 days ago  
The Queen of England dwarfs every landowner in the worlds personal holdings by a long long shot.
 
6 days ago  
One day a few decades ago someone said, hey Bill buy this land because they aren't making more of it.

And he did, and they aren't.
 
6 days ago  

FLMountainMan: Uranus: gotta grow those micro-potatoes to make the microchips he's implanting in all of us somewhere, I suppose.

Sure you mock it, but why does a quarter stick to my skin now?  WHY?!!!


Because 4 weeks have passed, and you need to take a shower.
Once a month, whether you need it or not. We've discussed this.
 
6 days ago  

FLMountainMan: Uranus: gotta grow those micro-potatoes to make the microchips he's implanting in all of us somewhere, I suppose.

Sure you mock it, but why does a quarter stick to my skin now?  WHY?!!!


Did you, by any chance, recently shake hands with a major league pitcher?
 
6 days ago  

Smidge204: Nadie_AZ: This nation needs an honest discussion about wealth redistribution.

Farming is not very profitable unless you do it at huge scale. As farming becomes more efficient, you need fewer farmers to do the same job which puts the squeeze on. The reason so much land is owned by megacorps is because farmers sold it to them 'cause farming wasn't economically sustainable.

So unless you address that problem, any wealth redistribution will be temporary at best.

Bottom line is food needs to be more expensive in the US. Replace subsidies at the farm level with subsidies at the consumer level, and let farmers charge enough for their crops that they can actually make a living.

Bonus: This also alleviates some of the problems with illegal immigration, since the economic problems in central/south America are exacerbated (if not directly the result of) subsidized American farming making imported food cheaper than locally produced food, putting farmed in those countries out of work... so they come to the US. (See also: The effects of China's subsidies on cheap consumer goods puts the screws to US manufacturing)
=Smidge=


Sounds regressive to me. Raising consumer food costs isn't a good idea.
Fight me.
 
6 days ago  

Uranus: FLMountainMan: Uranus: gotta grow those micro-potatoes to make the microchips he's implanting in all of us somewhere, I suppose.

Sure you mock it, but why does a quarter stick to my skin now?  WHY?!!!

Because 4 weeks have passed, and you need to take a shower.
Once a month, whether you need it or not. We've discussed this.


Can I shower with only two masks on?  Is that safe?
 
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