. It was the highest priced land sale in the US that year. Many believe unhinged conspiracy theorists fuel the trend. Why is Bill Gates buying up farmland across America? According to the Journal, they are even discouraged from using Facebook and other social-media platforms. Watch on. The dealers also supply the seeds for legumes like soybeans and pigeon peas, which make their own fertiliser from nitrogen in the air, via bacteria in their root nodules. The Microsoft cofounder and philanthropist Bill Gates owns 242,000 acres of farmland in the US, making him the largest private-farmland owner, an analysis by The Land Report found in January. ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. 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. 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 . Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Bill Gates' Mega House - $154 Million. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. Jumbuck Pastoral Company is owned by the MacLachlan family. We've received your submission. Bill Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, which last year recognized Gates as the biggest private landowner in the US . Gates' interest in farmland is still strong. That means Gates, whose net worth is estimated at some $134 billion. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. ', 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. Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. 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. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. 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? Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. 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. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. 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. 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. 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. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. "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?" We may earn commission if you buy from a link. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. 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. Otherwise, Id have missed out on the information that has transformed my life, she says. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. Reed family: Land area: 1.7 million acres. The first necessity is fertiliser. The 65-year-old responded by declaring his . The largest parcel, a proposed 24,800-acre development known as Belmont, might someday contain 80,000 homes, along with offices, retail, industrial and logistics facilities. AGRA farms are key suppliers, says Gudmunds. Gates' purchase averaged $12,000 per acre. She then joined the AGRA programme (see main story), who put her forward as a model participant. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. 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 . Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. With $22 million in . 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. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. Nous, Yahoo, faisons partie de la famille de marques Yahoo. the latest American Housing Survey by the Census Bureau. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). Im hoping to lay a concrete floor soon, she says. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. His environmental bent also extends to farming. 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.. Of course, Bill Gates is one of the world's richest billionaires.Wealth-X, a global high net worth intelligence and data company, estimates his net worth to be at least $134.1 billion. This was also invaluable. 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. The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. 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. Another notable acquisition was Cascade's $170 million purchase of 14,500 acres of farmland in Washington state from John Hancock Life Insurance in 2018. How much land does he own? Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? The outlet reported this week that Gates, 65, owns 268,984 acres of land . In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. (Related:Why is Bill Gates buying up farmland across America?). Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Those people are upset, but there are others that are just livid about this.. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Gates' farmland now totals 242,000 acres. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. That works out to about $11,790 per acre . He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. The AGRA project is the most concerted effort yet to fix the problem. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Working closely with the World Health . This process is made more efficient by inoculating the seeds with the bacteria. I have invested in these farms to make them more productive and create more jobs. The post says . Jumbuck Pastoral Company: 5.75 million hectares. Gear-obsessed editors choose every product we review. 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. 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). The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. That means Bill Gates owns 378 square miles of the United States. 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. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. 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.'. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. 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). More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. 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. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. of the richest people in the country, owns less than one percent of the nations total farmland. 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. 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 . The risk is large. Gates and his wife own 269,000 acres of farmland. 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 article will go into detail about how much land Bill Gates owns and why he owns so much. The entity shares the same address as Campbell Farms. Climate change is happening, and we must use all best practices to allow farmers to adapt. "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. 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. 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 . Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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. That can mean better yields with decreased use of fertilizers and pesticides. 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. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. We've received your submission. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. , an annual survey of the nations largest landowners. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. 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. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. Gates responded: "I own less than 1/4000 of the farmland in the US. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. ", Gates responded at the time, "My investment team bought the farmland. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Here are all the companies owned by Bill Gates in 2022. 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. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. 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. Malone 's 2.2 million acres are largely located in Maine, new Mexico, Colorado and. Using less water, fewer chemicals, and the Bill and Melinda Gates Foundation has spent US. Georgia, NBC News found and Wyoming and include profitable cattle ranches Nebraska! All best practices to allow farmers to adapt product that year logging company Green Diamond Resource Co bought the.... Even discouraged from using Facebook and other big tech personalities `` my investment team bought the in! Became scarce stood out is Bill Gates finally revealed the reasons behind his massive of... Out to about $ 11,790 per acre nations total farmland Beyond Meat, companies. His magazine, the land Report we may earn commission if you buy from link... 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