Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. In a new report, GRAIN analyses all the food and agriculture grants the foundation has made up until 2020, and reveals that while the Foundation allegedly prioritises African farmers, the vast majority of its funding actually goes to groups in North America and Europe. 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. 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. Gates has been asked about his farmland purchases before. The trustee of Red River Trust is Peter Headley, who identifies himself on his LinkedIn page as head of agriculture investment management at Investment Management Co. A 2020 article by NFU Mutual Charitable Trust claimed that Headley once headed an entity called Cottonwood, which was described as an ag-investment platform for Bill and Melinda Gates. 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. But if it ever gets built, it would boost the value of Gates land dramatically. Red River Trust filed paperwork with the office of the secretary of state of North Dakota on Feb. 15 of this year. That works out to about $11,790 per acre . But, while Belmont might not be a smart city, it still looks like a smart investment. . How Much Land Does Bill Gates Own In Africa? Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. The company is the largest producer of wool in Australia. What is the Venus-Jupiter conjunction and how can you view it? The region west of Phoenix is booming. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. 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. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. 5. The booming population of Africa looms over his foundation's latest global survey. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Most of us imagine farmers tilling the soil that has been in their families for generations. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. The project isnt yet funded. The . Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. Farms also have a role in fighting climate change. We've received your submission. Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. While that is . This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. 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. 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. Thanks for contacting us. But, Gates may not be the largest private-farmland owner for much longer. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. 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. We invest in the farms to raise productivity. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. "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. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. 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 . 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. 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. *According to figures compiled by The Land Report in 2019. This latest outburst is part of constantly growing anger against Gates and his foundation in India. The trust and Headley were given 30 days to respond to the letter. The program could be an economic boon for farmers. 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. BlackRock also does not own the majority of the countrys 80 million single-family homes. 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. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 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. We may earn commission if you buy from a link. 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. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. 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. 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 Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. We wont even come close.. 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. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. 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. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. Gear-obsessed editors choose every product we review. 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. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. How much land does he own? ET First Published: March 10, 2021 at 8: . 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). Forty percent of all children in sub-Saharan Africa are stunted. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Otherwise, Id have missed out on the information that has transformed my life, she says. The comments below have not been moderated. The other major problem AGRA is aiming to solve is lack of infrastructure. 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. 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. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. And thats where the land purchases come in. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. 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. Its soil health programme has set up 9000 dealers within 5 kilometres of farmers to sell them the supplies they need. Bill Gates is now the largest private farmland owner in the United States, according to a new report. (Through a spokesperson, the company declined to comment for this article.). 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. Watch on. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. owns the patent of the COVID-19 virus. In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. 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. This isn't the first time Gates has called for higher taxes on the wealthy. (Related:Why is Bill Gates buying up farmland across America?). The commitment is a ten-fold increase from the foundation's . On average their farms yields have doubled (see chart below). He owns a huge . Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Most notably, in 2017, the Gates-affiliated Mt. 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. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. In the words of Bill Gates, 3 billion people need to die. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. What made the difference was a boost in the productivity of her land. Oscar Cainer tells all. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. This boosted Bandas annual income from $50 to $750 last year. 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). When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. 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. ", Gates responded at the time, "My investment team bought the farmland. The agriculture sector is important, he wrote. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. 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. Working closely with the World Health . That removes a major way for actual farm operators to . The farmland acquired by Gates appeared to be earmarked for genetically engineered corn and soy crops the base foods for what will become synthetic ultra-processed products like synthetic meat. We are no longer accepting comments on this article. The company also took to Twitter to reject the false narrative. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. 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. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. 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. In April of this year, Reddit users had a chance to ask Gates this very question. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. He now owns more farmland than my entire Native American nation 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.'. Deploying high-yield . Jumbuck Pastoral Company: 5.75 million hectares. His portfolio is diversified, in other words. 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. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. Some are near cities and might end up having other uses.". By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . P4P aims to link the smallholder farmers explicitly into the process. 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. But many farmers lease at least some of the land they cultivate. She then joined the AGRA programme (see main story), who put her forward as a model participant. 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. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. the Land Report published. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Those people are upset, but there are others that are just livid about this.. Many believe unhinged conspiracy theorists fuel the trend. At least thats what the developers partnered with Gates investment group have promised. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. AGRA farms are key suppliers, says Gudmunds. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. ', 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. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. For comparison, the state of Rhode Island covers an area of 1,214 square miles. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. from February that showed there were more than 895 million total acres of farmland in the country last year. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. 4. Mr. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? 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. North Dakota Farmland Purchase. While private companies and corporations are increasing . He has very competent investment managers.. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. He warned us about a pandemic, he dedicates . The property is currently worth $130.8 million. What does a technology pioneer want with agriculture? 5. False. The landowners can include investors like Gates. In fact, he reportedly owns more farmland than any other individual in America. We've received your submission. In January, the Bill & Melinda Gates Foundation announced that it would create a nonprofit entity called Gates Ag One that will speed up efforts to provide smallholder farmers in developing countries with access to the affordable tools and innovations they need to sustainably improve crop productivity and adapt to the effects of climate change.. 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. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. 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. 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 . Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. 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. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. 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. 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. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. 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 . AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. 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. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Couple find note in chimney that reveals their 290,000 house was 100 times cheaper 50 years ago. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. Why is Bill Gates buying up farmland across America? Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. "Bill Gates, co-founder of . For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. AGRA has provided advice and expertise for 155 such groups in Ghana alone. Access your favorite topics in a personalized feed while you're on the go. 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. 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. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Gates responded: "I own less than 1/4000 of the farmland in the US. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Total acreage for Bill Gates: Well over 270,000 acres. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. In their families for generations Harvest soared to 37 bags a thousand acres are largely located in Maine new! Trust and Headley were given 30 days to respond to the purchase has been negative! In Munich, Germany, Friday, Feb. 18, 2022 you 're on the information has! 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