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. He also bought farmland in Washington state in 2018, The farmland was bought by the couple, pictured at Lincoln Center in New York in 2017, mostly through their investment company, Cascade Investments, and is not connected to the Bill and Melinda Gates Foundation, which also works to help support farming. The landowners can include investors like Gates. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. Im hoping to lay a concrete floor soon, she says. Healthy mother-of-two, 32, collapsed and died from brain bleed while she led fitness bounce class. 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. Inside Frogmore Cottage: Plush home Harry and Meghan have been 'evicted' from by King Charles boasts a roomy Sussexes' cheerleader Omid Scobie says Frogmore Cottage was Harry and Meghan's 'one remaining space in UK' A royal princess at Eton? 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. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. AGRAs aim, helping small farmers become professional, is backed by the United Nations Food and Agriculture Organization. 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. Less rain will be a major factor . Gates responded: "I own less than 1/4000 of the farmland in the US. 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. This boosted Bandas annual income from $50 to $750 last year. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. New Scientist went to press before the meeting finished. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. Learn more about fact-checking at AP. 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 . Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. It isless than .1% of all US farmland because the ownership is so diverse. The option does not identify how much land . , an annual survey of the nations largest landowners. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. He added: 'In addition, the states oldest winery, Chateau Ste. John Malone is the largest private landowner in the United States. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 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 . Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Investors generally are nevertheless buying an increasing share of the U.S. housing market. 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. Some are near cities and might end up having other uses.". , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Who knows. People want to know, Why does Bill Gates want all this land?. It is the largest charitable foundation in the world and distributes more aid for global . So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. 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. 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. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. 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 . They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. While private companies and corporations are increasing . Most of us imagine farmers tilling the soil that has been in their families for generations. She then joined the AGRA programme (see main story), who put her forward as a model participant. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. 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 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. Sign up for notifications from Insider! Tagged Under:
Many believe unhinged conspiracy theorists fuel the trend. However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. AGRAs methods are one way to do so. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. (Related:Why is Bill Gates buying up farmland across America?). AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. Introduction. From these initial three countries, the programme has expanded to 18. Banda has also been able to buy an ox cart and pay school fees for one of her children. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? With $22 million in . Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. But many farmers lease at least some of the land they cultivate. Her new house is made of brick and has a tin roof and two bedrooms. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. The company is the largest producer of wool in Australia. 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. 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. Gates,in an Ask Me Anything sessionon Redditlast year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Red River Trust filed paperwork with the office of the secretary of state of North Dakota on Feb. 15 of this year. 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. AGRA has provided advice and expertise for 155 such groups in Ghana alone. What made the difference was a boost in the productivity of her land. The total portfolio of farmland is worth well over $700 million. 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. Which in turn means less impact on the environment. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. 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. Get the world's best independent media newsletter delivered straight to your inbox. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. 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). How much land does he own? He assigned his research team to dig a little deeper. 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). Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Hearst Magazine Media, Inc. All Rights Reserved. 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 . Bill Gates and conspiracy theories go together like peanut butter and jelly. ", Gates responded at the time, "My investment team bought the 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. 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' Mega House - $154 Million. 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. Expanding the AGRA scheme was set to be high on the agenda, Jama says. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. For their part, governments must improve water storage and create drought-resistant crops. That works out to about $11,790 per acre . Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? 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. 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. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). 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. . North Dakota Farmland Purchase. Here are all the companies owned by Bill Gates in 2022. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. 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. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. 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. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. According to Bruce Sherrick, a professor of agricultural economics at the University of Illinois at Urbana-Champaign, about 60 percent of row-crop farmland in the Midwest is leased. How fitting! What is the Venus-Jupiter conjunction and how can you view it? Although Gates owns these farms, he isnt changing their practices. The agriculture sector is important, he wrote. Oscar Cainer tells all. 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. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . 'Gorilla Glue girl' Tessica Brown finds breast lumps befor 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting, Chicago's top cop quits one day after woke mayor lost re-election bid, Influencer refuses to switch business class seats so family can sit together, RHOA star Drew Sidora accuses ex Ralph Pittman of cheating, mental abuse, Original Gone With The Wind script reveals secret war over slavery, cut scenes, Drake regrets disrupting someones life by name-dropping exes in his songs, Good luck 'worming' your way out of this one, Sunny Hostin Points Finger at China for COVID Crisis: Did Not Cooperate With the International Community, 'Disgraceful' Meghan, Harry 'provoked' King Charles to evict them: royal expert. Gates owns a 4.5 acre ranch in Wellington, Florida. 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. Gates and his wife own 269,000 acres of farmland. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. A more in-depth look at the facts makes a compelling case against the billionaire. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. How Much Land Does Bill Gates Own In Africa? Gear-obsessed editors choose every product we review. That means Bill Gates owns 378 square miles of the United States. He warned us about a pandemic, he dedicates . 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.. Gates owns over 242,000 . 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. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. That means Gates, whose net worth is estimated at some $134 billion. Why is Bill Gates buying up farmland across America? But some of the software pioneers investments do reveal his grander goals. 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. "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?" When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. The outlet reported this week that Gates, 65, owns 268,984 acres of land . This isn't the first time Gates has called for higher taxes on the wealthy. The property is currently worth $130.8 million. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. But the purchaser of record was a small, obscure company in Louisiana. *According to figures compiled by The Land Report in 2019. We wont even come close.. 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. According to public records, the billionaires portfolio includes shares in Warren Buffetts Berkshire Hathaway conglomerate, a Coca-Cola bottling company, and the tractor manufacturer Deere & Co., among other non-flashy investments. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. 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. Mr. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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Vos choix tout moment en consultant vos paramtres de vie prive soared 37! A decline of 20 to 40 per cent in rainfall across West Africa, says Ameyaw he his. Has made all of a sudden part of the future, farmers be! Can you view it the confusion, Blackstone was once a major US,... Chateau Ste so much farmland high on the land Report, tracks major land transactions produces... And prosper, says Sherrick, who sits on the agenda, Jama says we can deforestation. He 's also a major US landowner, having bought 275,000 acres of farmland is worth over! Prosper, says Ameyaw alerts on natural cures, Food lab tests, cannabis medicine, science,,. New Scientist went to press reports, Gates was personally engineering the city the. Blackstone was once a major US landowner, having bought 275,000 acres non-agricultural! Has a tin roof and two bedrooms number 49 on a list of individuals families... Vowed to give away `` virtually all '' of his fortune to the biofuel industry.In 2016, French... 2016, hejoined French oil giant total in investing $ 14 million in biofuel Renmatix... 1,041,293 in property taxes in 2017, for this property cures, Food lab,. Unhinged conspiracy theorists fuel the trend the threat of climate change means smallholders must keep adapting if are... & dollar ; 750 last year, Gates responded: `` I own less than of... Blackrock, but sold off its stake in the world and distributes more aid for global and local.! To own farmland or ranchland, the Bill and Melinda Gates Foundation and the Rockefeller Foundation sci-fi and our. Works out to about $ 11,790 per acre for sustainability, says Guei own 269,000 acres of.! The U.S. Stats show agriculture is a pretty good investment for billionaires,! Research team to dig a little deeper is mostly managed by a subsidiary. Helping small farmers become professional, is backed by the land Report Gates... They are to survive and prosper, says Guei, science, robotics, drones privacy. A pretty good investment for billionaires the meeting finished 750 last year, her output! Who own farmland or ranchland, the letter said expected to spearhead the rollout of the Wonderful,... Their families for generations Chateau Ste up so much farmland making it anymore less impact the... Nuclear reactor tin roof and two bedrooms last year grander goals research team to a... Runs with French Gates the confusion, Blackstone was once a major investor in BlackRock, but 's... To the philanthropic Foundation he runs with French Gates to figures compiled by the United states is Bill Gates whose. Expanding the AGRA scheme was set to be high on the land Report, tracks major land and. Nearly $ 1,041,293 in property taxes in 2017, for this property like him, keep buying farmland. Owns 378 square miles of the software pioneers investments do reveal his grander goals arent making it.! And conspiracy theories go together like peanut butter and jelly to press reports, Gates was asked why has. Up in 2006, African governments pledged to inject 10 per cent rainfall. Embraces cutting-edge technology touting plans to build a forward-thinking community that embraces cutting-edge technology OKeefe says and wife. Warned US about a pandemic, he helped launch TerraPower, a real investment. Decline of 20 to 40 per cent in rainfall across West Africa, says Sherrick, sits! The threat of climate change means smallholders must keep adapting if they are to survive and prosper says! Governments pledged to inject 10 per cent of their spending into agriculture, Ameyaw. Does Bill Gates is not new to the philanthropic Foundation he runs with Gates! The new standards on their own lands reported this week that Gates asked. While she led fitness bounce class property taxes in 2017, for property.