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Started By
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re: Blackrock will own 70% of Homes in 6 years. We will own nothing.
Posted on 10/22/23 at 4:58 am to RiverCityTider
Posted on 10/22/23 at 4:58 am to RiverCityTider
quote:
Haight says 40% of farmland is no longer owned by farmers and is instead owned by nonlocal investors like Gates. And residential real estate is increasingly owned by financial firms like asset manager Blackrock and investment firm Blackstone, which look at land as a direct investment.
The USDA tracks ownership, meaning agricultural land can serve as a canary in the coal mine for changes in use for land across America — because it’s not just agricultural land that is changing hands. According to a Wall Street Journal report, corporate investors bought 15% of U.S. homes for sale in the first quarter of 2021. That consolidation and outside interest is happening across sectors.
They are driving food prices up. They are driving milk, cheese, beef, chicken vegetables up.
They are
quote:
By owning farmland, these investors can control the production of crops and ensure that they are getting the best return on their investment. Farmland offers them opportunities for long-term capital appreciation and cash flow. It can provide tax breaks and other benefits. Above all else, billionaires will always have secure access to food despite the population inflation and overwhelming food supply demands.
3
Posted on 10/22/23 at 6:09 am to RiverCityTider
quote:I posted a set of facts for you.
RiverCityTider
quote:I'd like to say David Haight is misinformed. However with his access to actual facts as VP of the American Farmland Trust, it would be more accurate to simply tell you he's lying.
Haight says 40% of farmland is no longer owned by farmers and is instead owned by nonlocal investors like Gates. And residential real estate is increasingly owned by financial firms like asset manager Blackrock and investment firm Blackstone, which look at land as a direct investment.
E.g., Gates (The BMGF) owns ~270K acres of farmland. Bezos owns over 400K acres. Ted Turner owns ~2M acres. Combined, that totals about 0.3% of American Farmland.
The type of non-family corporations Haight references own less than 5% of US farmland. LINK
Posted on 10/22/23 at 8:17 am to RiverCityTider
quote:
They are driving food prices up. They are driving milk, cheese, beef, chicken vegetables up.
Everything discussed in the OP is but a symptom of a larger issue.
Blackrock would not exist without dispensation from the Fed.
Posted on 10/22/23 at 12:49 pm to RiverCityTider
quote:
By owning farmland, these investors can control the production of crops and ensure that they are getting the best return on their investment.
Eh in my experience they don’t touch it. Used to be a lot of outside investors in catfish like this, all they did was hire someone local to manage it for them and wanted to see a profit
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