In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. The other major problem AGRA is aiming to solve is lack of infrastructure. Gates and his wife own 269,000 acres of farmland. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. The entity shares the same address as Campbell Farms. A single square mile contains 640 acres. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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. One other use for the farmland Gates has acquired is to grow crops for biofuels. As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. Access your favorite topics in a personalized feed while you're on the go. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. of the richest people in the country, owns less than one percent of the nations total farmland. 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 . Africas farmers have a lot of problems, but one of the biggest is poor soil. Im hoping to lay a concrete floor soon, she says. The . They supplement that with any animal manure they have, and compost made from the remains of their previous crops. The landowners can include investors like Gates. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. What does a technology pioneer want with agriculture? 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. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). 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. "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?" To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. Theres a tendency in the media to personalize this, OKeefe says. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. 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. We've received your submission. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. People want to know, Why does Bill Gates want all this land?. False. 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. APS ASSESSMENT: False. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. 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. 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. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. 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. Otherwise, Id have missed out on the information that has transformed my life, she says. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. '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. So far, only eight of 54 countries have done so.. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. 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. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. 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. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. 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. 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. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. 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. This parcel apparently makes up the bulk of the billionaire couples farmland holdings. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. Amazing, if truebut its extremely not. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. Investment guru Michael Larson, who has worked with Gates since 1994, runs the Washington-based Cascade Investment, as well as supervising the Bill and Melinda Gates Foundations nearly $50 billion endowment. In April of this year, Reddit users had a chance to ask Gates this very question. Red River Trust filed paperwork with the office of the secretary of state of North Dakota on Feb. 15 of this year. In six years that number has more than doubled. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. 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 region west of Phoenix is booming. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. 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). 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. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing.Properties up for grabs. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. Three-quarters of them live in South Asia and sub-Saharan Africa. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. Their largest holdings are 69,071 acres in Louisiana, 47,927 acres in . After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Learn more about fact-checking at AP. 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. 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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. The 2,100 acre potato farm adds to his massive portfolio of farm investments. We are no longer accepting comments on this article. 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. 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