In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. the Land Report published. Most notably, in 2017, the Gates-affiliated Mt. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. The new green economy will mean new opportunities for land owners, OKeefe believes. 5. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. The couples acquired farmlandisowned through a private investment company Cascade Investment.This company also owns shares in plant-based protein companies Beyond Meat and Impossible Foods, as well as agricultural equipment maker John Deere. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. We've received your submission. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Watch on. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. 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. Thanks to the dealers, AGRA farmers now use 10 to 50 kilograms of fertiliser per hectare, and though this is just a tenth to a quarter of what farmers use in rich countries, it is still a big improvement. Gates has been buying land like it's going out of style. 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. 4. 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. 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. What is the Venus-Jupiter conjunction and how can you view it? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. But the details are murky, and there is no evidence that the billionaires farmland-buying spree is driven by anything more than a desire to have a well-diversified portfolio. 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. Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. 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. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Stan Kroenke: Land area: 1.4 million acres. 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. How much land does he own? And Eastern Washington has some of the richest, most expensive farmland in the country. 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. 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.. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . Today, Bill Gates owns 242,000 acres of farmland in 19 states. (Through a spokesperson, the company declined to comment for this article.). ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. The agriculture sector is important, he wrote. 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 generally are nevertheless buying an increasing share of the U.S. housing market. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. 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. Reed family: Land area: 1.7 million acres. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. (Related:Why is Bill Gates buying up farmland across America?). That proposed superhighway would run across a 5-mile stretch of the Belmont property. People are going to pay attention to what Bill is doing, Sherrick says. 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 . 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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 . This was also invaluable. 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. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. 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 group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. 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. But, Gates may not be the largest private-farmland owner for much longer. Banda has also been able to buy an ox cart and pay school fees for one of her children. But if it ever gets built, it would boost the value of Gates land dramatically. The outlet reported this week that Gates, 65, owns 268,984 acres of land . Bill Gates is working hard to prove he's a great guy. In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. 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. Grinning and bearing it? He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. , an annual survey of the nations largest landowners. That removes a major way for actual farm operators to . 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. ET First Published: March 10, 2021 at 8: . For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. 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. Less rain will be a major factor. As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? The risk is large. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. 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. 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. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. His portfolio is diversified, in other words. New Scientist went to press before the meeting finished. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. 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 . This isn't the first time Gates has called for higher taxes on the wealthy. P4P aims to link the smallholder farmers explicitly into the process. For comparison, the state of Rhode Island covers an area of 1,214 square miles. Tagged Under: Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. ', 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. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. False. Purchased fromMadeleine Pickens, the former wife of Texas billionaire T. Boone Pickens, the property deal is one of the largest ever recorded in the area,The Wall Street Journalreported. Bill Gates does not own the majority of U.S. farmland. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . 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. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. 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. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single family houses but Im supposed to believe the biggest threat to us is Elon Musk buying Twitter? read one representative tweet thats been liked or shared on the platform more than 250,000 times. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. A more in-depth look at the facts makes a compelling case against the billionaire. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. 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. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. We invest in the farms to raise productivity. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions., According to the North Dakota Corporate or Limited Liability Company Farming Law, there are certain exceptions, such as permitting registered family farms or allowing the use of the land for business purposes., Wrigleys office said it had come to our attention that Red River Trust may have acquired land for farming or ranching in Pembina County on Nov. 4, 2021.. "Bill Gates, co-founder of . Forty percent of all children in sub-Saharan Africa are stunted. Although Gates owns these farms, he isnt changing their practices. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. 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 same logic likely holds for Gates Arizona acquisitions. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. 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. Gates, who is the fourth-richest person in the world, owns an estimated 242,000 acres of farmland, analysis by The Land Report discovered.. Introduction. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. 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. He has very competent investment managers.. Her new house is made of brick and has a tin roof and two bedrooms. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. 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? Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. Those people are upset, but there are others that are just livid about this.. People want to know, Why does Bill Gates want all this land? , But hyper-wealthy people like Gates dont make every decision personally, OKeefe notes. 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. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Most of us imagine farmers tilling the soil that has been in their families for generations. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. A single square mile contains 640 acres. On average their farms yields have doubled (see chart below). 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 . 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. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. In six years that number has more than doubled. A corporation or LLC found in violation of the law has up to a year to divest itself fromt he land or face a penalty up to $100,000, according to the letter. The landowners can include investors like Gates. 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. from February that showed there were more than 895 million total acres of farmland in the country last year. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Impossible Foods makes plant-based protein that can be fashioned into burgers. 5. As early as April 2021, Gates received flak for expressing his reluctance about sharing COVID-19 . With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Hearst Magazine Media, Inc. All Rights Reserved. Africas farmers have a lot of problems, but one of the biggest is poor soil. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? It has become a marquee brand in one of the hottest sectors of the food business. AGRA farms are key suppliers, says Gudmunds. In April of this year, Reddit users had a chance to ask Gates this very question. Stay up to date with what you want to know. Now, its latest report says the scheme is achieving its aims. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. Gates owns a 4.5 acre ranch in Wellington, Florida. "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?" Climate change is happening, and we must use all best practices to allow farmers to adapt. The tech mogul, who is the fourth richest person in the world with a . Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after the piece noted that the firm owns 'at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana and other states or an area seven times bigger than Manhattan.'. Bill Gates helped usher in the digital revolution at Microsoft, and has spent the decades since exploring - and investing in - innovative solutions to some of the world's toughest problems . That means Gates, whose net worth is estimated at some $134 billion. *According to figures compiled by The Land Report in 2019. Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. The region west of Phoenix is booming. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. 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. Access your favorite topics in a personalized feed while you're on the go. How much land does he own? bill gates, BioFuel, biofuels, carbon dioxide, carbon emissions, clean technologies, climate change, Coronavirus pandemic, crops, decarbonized power transmission, desalinate, Energy Storage, environ, farmland, fossil fuels, genetic lunacy, GMOs, greenhouse gas emissions, harvest, plant-based protein, solar energy, synthetic meat, zero-carbon cement. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. Bill Gates and conspiracy theories go together like peanut butter and jelly. The company is the largest producer of wool in Australia. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. Here are all the companies owned by Bill Gates in 2022. 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 . Bill Gates' Mega House - $154 Million. 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. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. With $22 million in . People want to know, Why does Bill Gates want all this land?. The massive land grab by Gates last year gave the tech magnate his first appearance on The Land Report, a magazine that "provides news, information, and . If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. 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. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. Likely holds for Gates Arizona how much land does bill gates own in africa clear across the state of Rhode Island an! 16,097 acres in Georgia, NBC news found devote less of the biggest is poor soil with growing..., it would boost the value of Gates land dramatically high-speed digital networks and autonomous logistics hubs solution... 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