Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s. Bill Gates is the largest owner of land in America and there's a food crisis.. Bill Gates is the largest investor in renewables and there's a oil shortage.. Pelham (@Resist_05) April 18, 2022 In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. 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 figures compiled by The Land Report in 2019. Less rain will be a major factor. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). Otherwise, Id have missed out on the information that has transformed my life, she says. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. However, while stunting has declined by more than a third in South Asia since 1990, in sub-Saharan Africa, the number of stunted children is still on the rise, up 12 million since 1990 to 56 million. That can mean better yields with decreased use of fertilizers and pesticides. 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. by Harvard Universitys Joint Center for Housing Studies. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. It is the largest charitable foundation in the world and distributes more aid for global . The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. The Microsoft co-founder is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last years edition of. We are no longer accepting comments on this article. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. AFRICA. The commitment is a ten-fold increase from the foundation's . AGRA has provided advice and expertise for 155 such groups in Ghana alone. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing.Properties up for grabs. What is the Venus-Jupiter conjunction and how can you view it? Inside Frogmore Cottage: Plush home Harry and Meghan have been 'evicted' from by King Charles boasts a roomy Sussexes' cheerleader Omid Scobie says Frogmore Cottage was Harry and Meghan's 'one remaining space in UK' A royal princess at Eton? To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. I have invested in these farms to make them more productive and create more jobs. Forty percent of all children in sub-Saharan Africa are stunted. Who knows. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. The entity shares the same address as Campbell Farms. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. Gates owns over 242,000 . According to mainstream media outlets like the Associated Press, there's absolutely nothing to see here as the Microsoft mogul becomes the largest private owner of U.S. farmland, having acquired as many as 270,000 fertile acres. In a new report, GRAIN analyses all the food and agriculture grants the foundation has made up until 2020, and reveals that while the Foundation allegedly prioritises African farmers, the vast majority of its funding actually goes to groups in North America and Europe. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. Gates responded: "I own less than 1/4000 of the farmland in the US. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. The project isnt yet funded. 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The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. . Deploying high-yield . (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. , an annual survey of the nations largest landowners. In the words of Bill Gates, 3 billion people need to die. In total he owns 268,984 acres of land of all types in 19 states, including a suburb up for development - as a so-called 'smart city' - outside Phoenix, Arizona. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. Their largest holdings are 69,071 acres in Louisiana, 47,927 acres in . The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. Gates Biggest Owner of Farmland in US Now says: "Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . 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.. 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Access your favorite topics in a personalized feed while you're on the go. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. 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. Healthy mother-of-two, 32, collapsed and died from brain bleed while she led fitness bounce class. Bill Gates is working hard to prove he's a great guy. Why is Bill Gates buying up farmland across America? Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Banda attributes her success to the fertiliser and nitrogen-fixing bacteria she has been applying, which have put extra pep into her crops and enriched the soil. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. Cascade employees almost never speak to the press. The investment companys single largest acquisition of farmland came in 2017 when it paid $520 million to purchase 61 properties from the Canada Pension Plan Investment Board (CPPIB). Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. From these initial three countries, the programme has expanded to 18. THREE years ago, Lucy Banda and her six children lived in a two-room house made of soil dampened and tamped into a dome, with just one bedroom and a living room. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. When fully developed the area could be home to 200,000 residents and be similar in size to the Phoenix suburb of Tempe, The Land Report said. The agriculture sector is important, he wrote. Working closely with the World Health . So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. And in Africa, there's a particularly prominent initiative driving corporate agriculture's agenda Bill Gates's Alliance for a Green Revolution in Africa (AGRA). of the richest people in the country, owns less than one percent of the nations total farmland. 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. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Instead, the LDS will add another 12,000 acres to its already massive land holdings, which include over 600,000 acres in Florida alone2 percent of that state's total land mass. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Sign up for notifications from Insider! (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. And Eastern Washington has some of the richest, most expensive farmland in the country. A more in-depth look at the facts makes a compelling case against the billionaire. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. Now, its latest report says the scheme is achieving its aims. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. The property is currently worth $130.8 million. Bill Gates' Mega House - $154 Million. Many believe unhinged conspiracy theorists fuel the trend. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. Gates who stepped down from day-to-day involvement with Microsoft in 2008 has long been looking for ways to help the worlds poorest and to address the planets environmental challenges. Jumbuck Pastoral Company is owned by the MacLachlan family. Last year, Cascade Investment made a second major investment in Arizona by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million, that could be built out to include 8,500 homes. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. This is part of a broader 269,000-acre land portfolio belonging to the couple and associated entities across 19 states, with the largest holdings in Louisiana (69,071 acres), Arkansas (47,927 acres) and Arizona (25,750 acres). That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. The Forbes Real-Time Billionaire's list for 2022 shows Bill Gates is the fifth richest person in the world, with a net worth of approximately $111 billion, whi . Banda is one of 1.75 million African smallholder farmers, 40 per cent of them women, enrolled in a $180-million five-year programme run by the Alliance for a Green Revolution in Africa. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. That immediately set off alarm bells, OKeefe says. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. Oscar Cainer tells all. 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The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. Hearst Magazine Media, Inc. All Rights Reserved. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. His environmental bent also extends to farming. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. That means Gates, whose net worth is estimated at some $134 billion. ', In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as 'other parts of the developing world so they can lift themselves and their families out of hunger and poverty.'. Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. African smallholders are often isolated, unable to get credit or find buyers for their produce. In total, Mr Gates and his wife Melinda own 269,000 acres of land across 19 states, including 69,071 acres in Louisiana and 47,927 acres in Arkansas. People want to know, Why does Bill Gates want all this land?. At least thats what the developers partnered with Gates investment group have promised. Which in turn means less impact on the environment. Bill and Melinda Gates, pictured at The Elysee Palace in 2017 where they received the award of Commander of the Legion of Honor, are now the biggest owners of farmland in the US, a new report revealed, The tech billionaire has quietly bought up 242,000 acres of farmland in 18 states - and 268,984 of multi-use land in 19 states in total, making him the biggest agricultural landowner in the US, though far short of the biggest overall landowner in the country, In 2018, a 'Louisiana investor', later revealed to be Gates, paid $171 million for a large swath of farmland in the Horse Heaven Hill, making it one of the largest real estate transactions in recent memory, In 2014, Gates reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. 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. While that is . He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. Stan Kroenke: Land area: 1.4 million acres. The total portfolio of farmland is worth well over $700 million. Red River Trust filed paperwork with the office of the secretary of state of North Dakota on Feb. 15 of this year. Investors generally are nevertheless buying an increasing share of the U.S. housing market. John Malone is the largest private landowner in the United States. This latest outburst is part of constantly growing anger against Gates and his foundation in India. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Total acreage for Bill Gates: Well over 270,000 acres. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. What made the difference was a boost in the productivity of her land. 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In a recent episode of 60 Minutes, Gates explained that zero-carbon energy sources like nuclear power are vital in reducing the emissions that warm the atmosphere. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. Left to die alone like an animal: Parents who left 23-stone disabled daughter to die in her own filth are Holiday home owners in Scotland face new SNP tax hike under plans from front-runner to be new First Scotland should just self-identify as an independent country, one SNP member proposed. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. 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. It isless than .1% of all US farmland because the ownership is so diverse. Introduction. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). But even with his big new agricultural holdings, Gates still doesn't rank in the Top 100 of private landowners overall in the U.S. - when considering owners of land of all types, not just agricultural. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. ET First Published: March 10, 2021 at 8: . For comparison, the state of Rhode Island covers an area of 1,214 square miles. An entity with ties to billionaire Bill Gates bought 2,100 acres of potato farmland in northern North Dakota prompting the states top prosecutor to intervene after complaints from local residents. CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. The program could be an economic boon for farmers. Bill Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, which last year recognized Gates as the biggest private landowner in the US . Its goal is to help eliminate the need for animals from the meat supply by 2035, but its products rely on GMOs and heavy use of herbicides and pesticides. One of the consequences of farm operators not actually owning their land is figuring out where farm subsidy money goes; much of it trickles to the actual owner of the land, who may just be treating farmland as a basic real estate investment. Tagged Under: She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. 4356, that would block any new agricultural purchases by companies that are wholly or partly controlled by the Chinese government and would ban existing Chinese-owned farms in the U.S. from drawing from federal agricultural support programs. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures.
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