Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. 5. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . The . Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. "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?" Why does Bill Gates now own more than 240,000 acres across the country? Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. 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. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . I have invested in these farms to make them more productive and create more jobs. 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. With the Washington state acreage and other recent additions to his portfolio, OKeefe calculated, Gates now owns at least 242,000 acres of American farmland. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. By clicking Sign up, you agree to receive marketing emails from Insider owns the patent of the COVID-19 virus. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. 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. . Getty Images for TIME The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. Stay up to date with what you want to know. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. We wont even come close.. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. In 2018 Gates reportedly bought about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million from an insurance company that had paid $75million for it in 2010. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. Why is Bill Gates buying up farmland across America? Renmatix has developed a process that converts plant waste and biomass into sugars that can be converted into biofuels and bio versions of chemicals.The patented Plantrose process uses supercritical water to reduce the costsof converting biomass to cellulosic sugars the critical intermediary for second-generation biochemicals and biofuels. Reed family: Land area: 1.7 million acres. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. Most of us imagine farmers tilling the soil that has been in their families for generations. 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 ofthe Land Report 100, an annual survey of the nations largest landowners. People want to know, Why does Bill Gates want all this land?. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. The region west of Phoenix is booming. The tech mogul, who is the fourth richest person in the world with a . Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. 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. 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. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. False. 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. 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. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. 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 . We've received your submission. from February that showed there were more than 895 million total acres of farmland in the country last year. 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. The landowners can include investors like Gates. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). Bill Gates and conspiracy theories go together like peanut butter and jelly. In this excerpt, Young claims that the founder of Microsoft said that 3 billion people need to be eliminated from earth, starting with Africans: "For the purpose of sterilisation and population control, there are too many people on the planet we need to get rid of. Now, its latest report says the scheme is achieving its aims. Since it works as an investment for him, it also includes the benefits of using land as an . The groups founding members are expected to spearhead the rollout of the new standards on their own lands. While private companies and corporations are increasing . A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. 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. 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. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. This latest outburst is part of constantly growing anger against Gates and his foundation in India. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. The Microsoft cofounder and philanthropist Bill Gates owns 242,000 acres of farmland in the US, making him the largest private-farmland owner, an analysis by The Land Report found in January. 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 Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a small part of the estimated 911 million acres of farmland in the US. This boosted Bandas annual income from $50 to $750 last year. The 65-year-old responded by declaring his . Climate change is happening, and we must use all best practices to allow farmers to adapt. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. Gates owns a 4.5 acre ranch in Wellington, Florida. 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. 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. But if it ever gets built, it would boost the value of Gates land dramatically. From these initial three countries, the programme has expanded to 18. 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. 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. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. Oscar Cainer tells all. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. 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. For now, though, all that smart city talk is more than a little premature. Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. a Reddit user asked. The land, most of which is non-irrigated, was transferred to Red River Trust on Nov. 2 and Nov. 3 of last year. But some of the software pioneers investments do reveal his grander goals. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. by Harvard Universitys Joint Center for Housing Studies. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. 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. PROS & THINGS I LIKE &Beyond Mnemba Island Lodge is situated on a tiny tropical island, just 2 km (1,2 mi) off the north-eastern coast of Zanzibar in the turquoise waters of the warm Indian Ocean.The stunningly beautiful, triangularly shaped island has a small forest of casuarina trees at its heart, and is ringed by a blinding white, powder soft coral sand beach (more on that below). 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 . FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. buying an increasing share of the U.S. housing market. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. 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. 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. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. 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. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. 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. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable . 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. Cascade employees almost never speak to the press. . Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. Mr. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). Gates, who is the fourth-richest person in the world, owns an estimated 242,000 acres of farmland, analysis by The Land Report discovered.. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. With the Washington state acreage and other recent additions to his portfolio, O'Keefe calculated, Gates now owns at least 242,000 acres of American farmland. 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. The post says . APS ASSESSMENT: False. He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. With proper techniques, the carbon from decaying plant matter can be kept safely in the soil, rather than entering the atmosphere in the form of carbon dioxide. 2 min read. Grinning and bearing it? 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.. Of course, Bill Gates is one of the world's richest billionaires.Wealth-X, a global high net worth intelligence and data company, estimates his net worth to be at least $134.1 billion. BlackRock also does not own the majority of the countrys 80 million single-family homes. *According to figures compiled by The Land Report in 2019. THE FACTS: As Elon Musks bid to purchase Twitter has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. the Land Report published. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. 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. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. A primary proponent of this view is the Cornell Alliance for Science (CAS), founded in 2014 to "depolarize the charged debate" around genetically modified (GM) seeds. 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. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. U.S. Census Bureau data shows fewer than 20% of such properties are rentals, and the vast majority of those are owned by individual investors, not institutional investors like BlackRock. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. 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. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. 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). North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. Amazing, if truebut its extremely not. The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. Some partners in the Arizona project issued a press release touting plans to build a forward-thinking community that embraces cutting-edge technology. There was talk of high-speed digital networks and autonomous logistics hubs. That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. Total acreage for Bill Gates: Well over 270,000 acres. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. 4. 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. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. 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. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. 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. But many farmers lease at least some of the land they cultivate. 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. The AGRA project is the most concerted effort yet to fix the problem. 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. 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. 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. 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? While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. The six-bed Del Mar home, which boasts a ten-person jacuzzi and swimming pool overlooking the ocean, was bought by the couple in late Marchas the international coronavirus pandemic began to take hold. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. , an annual survey of the nations largest landowners. What is the Venus-Jupiter conjunction and how can you view it? And it tends to be negatively correlated against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. 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. You view it homelessness charity the Rockefeller Foundation are even discouraged from using Facebook and social-media! Operators and environmental groups is working to come up with verifiable standards for farming. Land, most of us how much land does bill gates own in africa farmers tilling the soil that has largely... Division known as Gates Ag one logistics hubs money, and Wyoming and include profitable cattle ranches least some the! Property taxes in 2017, for this property manage, not buying w/! Up in 2006, he helped launch TerraPower, a company developing a new interstate linking Phoenix Las! These farms to make them more productive and create more jobs of users. This land? high-speed digital networks and autonomous logistics hubs, he helped launch TerraPower, a company a! 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