We invest in the farms to raise productivity. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Cost and bad infrastructure have long prevented farmers from fertilising their fields, so many African countries have been losing nutrients from their soils (see map above). BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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, the billionaire tech mogul and philanthropist whose net worth was pegged by Bloomberg at $113 billion, has quietly amassed nearly 270,000 acres of farmland across the country, according to the Associated Press. ', Last year the couple bought an oceanfront home in Del Mar, near San Diego, California, for $43million, The six-bedroom Del Mar home boasts a ten-person jacuzzi and a swimming pool overlooking the ocean, Gates, pictured last June during a concert for COVID-19 relief, purchased the San Diego property just as the pandemic took hold in March, In 2017, Gates reportedly bought a significant stake in 24,800 acres of land outside Phoenix, Arizona, which he planned to turn into a 'smart city' with 200,000 residents. 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. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. . The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. The entity shares the same address as Campbell Farms. This article appeared in print under the headline Bringing Africas farms back to life, Explore the latest news, articles and features, Island-hopping cougars swim kilometres through icy water off US coast, This new version of quantum theory is even stranger than the original. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. What made the difference was a boost in the productivity of her land. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. The same Gates Foundation which is behind every aspect of the COVID-19 pandemic from financing much of the WHO budget, to investing in favored vaccine-makers like Moderna, is engaged in a major project in Africa which is destroying traditional small farmer production of essential food crops in favor of monoculture crops and introduction of expensive chemical fertilizers and GMO seeds that are . 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). Berkshire Hathaway, Inc., Waste Management, Inc., Canadian National Railway Company, Caterpillar Inc., Walmart Inc., Four Seasons Hotel and Resorts & more are the companies owned by Bill Gates. Working closely with the World Health . The Gates Foundation's trust invests in the same companies it serves through its development programs, including Monsanto, BASF, Coca Cola, PepsiCo, Unilever, and many others. 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. What does a technology pioneer want with agriculture? Without innovation, we will not solve climate change, Gates said. 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. 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. Gates has been asked about his farmland purchases before. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. He now owns more farmland than my entire Native American nation There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. The project isnt yet funded. He owns a huge . His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. 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 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 . 5. John Malone is the largest private landowner in the United States. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions, Gates wrote, responding to a question in Ask Me Anything (AMA) session on social media platform Reddit in March. The trust and Headley were given 30 days to respond to the letter. That makes January 13, 2000, a key date in "Bill Gates history," because it's the day he stepped down as CEO of Microsoft and began to devote himself to becoming one of the world's most-celebrated . AFRICA. 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. Jumbuck Pastoral Company is owned by the MacLachlan family. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem, Gates longstanding interest in climate change. Which in turn means less impact on the environment. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. Get the world's best independent media newsletter delivered straight to your inbox. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. the latest American Housing Survey by the Census Bureau. We may earn commission if you buy from a link. 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. Gates . ', 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.'. 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. Its soil health programme has set up 9000 dealers within 5 kilometres of farmers to sell them the supplies they need. AGRA has provided advice and expertise for 155 such groups in Ghana alone. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. The property is currently worth $130.8 million. 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. Slectionnez Grer les paramtres pour grer vos prfrences. 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. Since it works as an investment for him, it also includes the benefits of using land as an . It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). We are no longer accepting comments on this article. 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 . Cascade employees almost never speak to the press. People want to know, Why does Bill Gates want all this land?. 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. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. 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. The post says . AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. Corporate Agriculture Against Global Hunger. The outlet reported this week that Gates, 65, owns 268,984 acres of land . In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. 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. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. Most notably, in 2017, the Gates-affiliated Mt. 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. A more in-depth look at the facts makes a compelling case against the billionaire. 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. Artificial sweetener erythritol linked to heart attacks and strokes, Mediterranean diet may prevent cognitive issues for people with MS, Strange quantum event happens once every 10 billion chances, Aye-aye and possums top list of mammals we should focus on saving, Polar bears caught feeding on a whale carcass in breathtaking photos, The amazing ways electricity in your body shapes you and your health, How AI chatbots in search engines will completely change the internet, Alliance for a Green Revolution in Africa, many African countries have been losing nutrients from their soils, United Nations Food and Agriculture Organization. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. P4P aims to link the smallholder farmers explicitly into the process. But if it ever gets built, it would boost the value of Gates land dramatically. The agriculture sector is important, he wrote. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. 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. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. Jumbuck Pastoral Company: 5.75 million hectares. 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. The agriculture sector is important. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The company also took to Twitter to reject the false narrative. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . But, Gates may not be the largest private-farmland owner for much longer. 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). 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. 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. , an annual survey of the nations largest landowners. 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. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. The AGRA project is the most concerted effort yet to fix the problem. Deploying high-yield . One other use for the farmland Gates has acquired is to grow crops for biofuels. ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . A 6,300-acre farm owned by Microsoft co-founder Bill Gates near Columbus could be developed into one of the nation's biggest solar energy sites. Investors generally are nevertheless buying an increasing share of the U.S. housing market. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Grinning and bearing it? Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. a Reddit user asked. While private companies and corporations are increasing . En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. For their part, governments must improve water storage and create drought-resistant crops. Bill Gates' Mega House - $154 Million. But many farmers lease at least some of the land they cultivate. 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. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. Gates owns a 4.5 acre ranch in Wellington, Florida. The dealers also supply the seeds for legumes like soybeans and pigeon peas, which make their own fertiliser from nitrogen in the air, via bacteria in their root nodules. The first necessity is fertiliser. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. Introduction. 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. People are going to pay attention to what Bill is doing, Sherrick says. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. With $22 million in . Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. According to the Winter 2020 issue of The Land Report, a quarterly magazine that tracks U.S. land sales, Bill and Melinda Gates now own 242,000 acres of farmland worth "more than $690 million . That can mean better yields with decreased use of fertilizers and pesticides. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. 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. 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. Gates, who is the fourth-richest person in the world, owns an estimated 242,000 acres of farmland, analysis by The Land Report discovered.. The farmland that Gates owns is located in 19 states. 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. Gates has been buying land like it's going out of style. Bill Gates is now the largest private farmland owner in the United States, according to a new report. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. They supplement that with any animal manure they have, and compost made from the remains of their previous crops. We already buy 80 per cent of our produce from developing countries, but those that bid for the contracts are usually the larger companies and farms, says Ahnna Gudmunds, the schemes advocacy officer. Why does Bill Gates now own more than 240,000 acres across the country? Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. New Scientist went to press before the meeting finished. The 2,100 acre potato farm adds to his massive portfolio of farm investments. In six years that number has more than doubled. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . APS ASSESSMENT: False. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. . 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. Three-quarters of them live in South Asia and sub-Saharan Africa. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. Bill Gates does not own the majority of U.S. farmland. 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. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The 65-year-old responded by declaring his . Renmatix provides an innovative process that is an exciting pathway to pursue., He has not elaborated on his plans yet, but Gates will apparently use plant waste and biomass from his farmland to develop biofuels. Buy landthey arent making it anymore Meat, two companies producing beef substitutes, including Impossible! One stood out week at the facts makes a compelling case against the billionaire to agents who produce... His annual Reddit AMA Wednesday, Gates said nous, Yahoo, faisons partie de la famille marques! 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