In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. For now, though, all that smart city talk is more than a little premature. 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 Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. 2 min read. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Posted by Triple Net Matt July 4, 2022 Posted in commercial real estate Tags: bill gates, commercial broker, commercial real estate, net lease, nnn, STNL. Gates responded: "I own less than 1/4000 of the farmland in the US. He warned us about a pandemic, he dedicates . ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. While that is . Public records cited by AgWeek show that the Gates-linked Red River Trust bought the farmland from the owners of Campbell Farms, a potato farming group that is headquartered in Grafton, North Dakota, which is about 50 miles from the Canadian border. The option does not identify how much land . Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. The agriculture sector is important, he wrote. AGRAs methods are one way to do so. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. The 65-year-old responded by declaring his . The booming population of Africa looms over his foundation's latest global survey. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. Hearst Magazine Media, Inc. All Rights Reserved. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Soon they came back with the answer: The Louisiana company was acting on behalf of Cascade Investment LLC, the secretive investment firm that manages most of the huge fortune belonging to Bill Gates. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Thanks for contacting us. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. Real estate mogul and owner of the Los Angeles Rams, Stan Kroenke, owns 1.4 million acres of land in the United States, including a 124,000 acre ranch in Montana and additional land in Wyoming. ", Gates responded at the time, "My investment team bought the farmland. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. In 2019, it was reported that Impossible Burger was facing a shortage of soy because it relied on farms that didnt use genetically modified seeds. It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . The first necessity is fertiliser. Bill Gates and conspiracy theories go together like peanut butter and jelly. For comparison, the state of Rhode Island covers an area of 1,214 square miles. Wife is shocked after husband of 15 years asks for permission to have an affair: 'I don't know what to do', My Daily Horoscope: What does March 2nd hold for MY star sign? Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. 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. , an annual survey of the nations largest landowners. He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. from February that showed there were more than 895 million total acres of farmland in the country last year. He concentrated on third world countries, with the aim of improving health facilities, reduce diseases, poverty and the improvement of education but his real interest in Africa is a hidden agenda. AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. by Harvard Universitys Joint Center for Housing Studies. Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. Less rain will be a major factor . Cascade employees almost never speak to the press. 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. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. From these initial three countries, the programme has expanded to 18. (Related:Why is Bill Gates buying up farmland across America?). Gates has been buying land like it's going out of style. We may earn commission if you buy from a link. Theres a tendency in the media to personalize this, OKeefe says. 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. It has been very fulfilling for me and is my full time job," Gates continued. If those properties were grouped together and placed on a list of the world's countries by land area, it would fall within the top 50, higher than both France and Spain. The . BlackRock also does not own the majority of the countrys 80 million single-family homes. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Hes the largest landowner in the United States. "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. Total acreage for Bill Gates: Well over 270,000 acres. 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The region west of Phoenix is booming. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. North Dakota Farmland Purchase. Gates and his wife paid almost $171 million for 14,500 acres of farmland in the Horse Heaven Hills of Benton County, Wash., according to The Land Report. AGRA has provided advice and expertise for 155 such groups in Ghana alone. Earlier this week, North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, care of Headley, notifying it that corporations and limited liability companies were prohibited from owning or leasing farmland or ranchland in the state of North Dakota., Wrigley wrote that these entities were also barred from engaging in farming or ranching.. 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. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Since it works as an investment for him, it also includes the benefits of using land as an . 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. But, Gates may not be the largest private-farmland owner for much longer. Impossible Foods makes plant-based protein that can be fashioned into burgers. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Those people are upset, but there are others that are just livid about this.. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. According to public records, the billionaires portfolio includes shares in Warren Buffetts Berkshire Hathaway conglomerate, a Coca-Cola bottling company, and the tractor manufacturer Deere & Co., among other non-flashy investments. As early as April 2021, Gates received flak for expressing his reluctance about sharing COVID-19 . . In the words of Bill Gates, 3 billion people need to die. Kids in England had to wear masks at school because No10 'didn't want an argument' with Nicola Sturgeon - Health ministers knew there was no evidence to justify making kids abide by rule of 6 - but No10 'didn't Sunak bustled like a wide-eyed labrador, his tail waggier than a windscreen wiper in a downpour: HENRY Bill Gates: America's Top Farmland Owner | The Land Report, Do not sell or share my personal information. The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. That can mean better yields with decreased use of fertilizers and pesticides. In April of this year, Reddit users had a chance to ask Gates this very question. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. The Land Report magazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. 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. We invest in the farms to raise productivity. The tech billionaire, 65, owns 242,000 acres of agricultural land in 18 states His largest holdings are in Louisiana, Arkansas, Arizona and Nebraska; Gates owns total of 268,984 acres of land of . Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. Gates . 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. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. People want to know, Why does Bill Gates want all this land?. ET First Published: March 10, 2021 at 8: . 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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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. That works out to about $11,790 per acre . 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. ', 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.'. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Amazing, if truebut its extremely not. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. 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. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Most of us imagine farmers tilling the soil that has been in their families for generations. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. Given that Gates is the third-richest person in the world with an estimated net worth of $132 billion, he falls in behind Tesla founder Elon Musk and Amazons Jeff Bezos those money managers have their hands full. APS ASSESSMENT: False. It has become a marquee brand in one of the hottest sectors of the food business. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. 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. 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. 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. Their largest holdings are 69,071 acres in Louisiana, 47,927 acres in . AGRAs aim, helping small farmers become professional, is backed by the United Nations Food and Agriculture Organization. Jumbuck Pastoral Company: 5.75 million hectares. Deploying high-yield . Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. This was also invaluable. The vision is to produce more efficiently, but to be aware that climate change is happening, and that we must use all best practices to allow farmers to adapt, says Guei. 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 the Land Report 100, an annual survey of the nations largest landowners. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. the latest American Housing Survey by the Census Bureau. The program could be an economic boon for farmers. 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. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). 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The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Otherwise, Id have missed out on the information that has transformed my life, she says. Gear-obsessed editors choose every product we review. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all U.S. farmland in his 11th appearance in an . AGRA farms are key suppliers, says Gudmunds. 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. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. In fact, he reportedly owns more farmland than any other individual in America. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. Jumbuck Pastoral Company is owned by the MacLachlan family. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. Most notably, in 2017, the Gates-affiliated Mt. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. The agriculture sector is important. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. 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 a U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. Who knows. The other major problem AGRA is aiming to solve is lack of infrastructure. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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). Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. 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. AFRICA. 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). The entity shares the same address as Campbell Farms. By clicking Sign up, you agree to receive marketing emails from Insider Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. Groups of 15 to 25 smallholders are also being encouraged to form collectives. "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. And Eastern Washington has some of the richest, most expensive farmland in the country. We wont even come close.. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . 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Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. A new report from AGRA says climate change could increase the number of malnourished people in sub-Saharan Africa from 223 million today to 355 million in 2050. The land, most of which is non-irrigated, was transferred to Red River Trust on Nov. 2 and Nov. 3 of last year. Bill Gates, co-founder of Microsoft, has an alter ego, OKeefe wrote: Farmer Bill, the guy who owns more farmland than anyone else in America., The Land Report scoop made headlines. 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