", Gates responded at the time, "My investment team bought the farmland. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. What does a technology pioneer want with agriculture? Gates' interest in farmland is still strong. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. 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. Gates . The AGRA project is the most concerted effort yet to fix the problem. The outlet reported this week that Gates, 65, owns 268,984 acres of land . 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. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. from February that showed there were more than 895 million total acres of farmland in the country last year. We invest in the farms to raise productivity. 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. 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 . That can mean better yields with decreased use of fertilizers and pesticides. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. Gates Biggest Owner of Farmland in US Now says: "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. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. Here are all the companies owned by Bill Gates in 2022. Since it works as an investment for him, it also includes the benefits of using land as an . In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Grinning and bearing it? Africas farmers have a lot of problems, but one of the biggest is poor soil. How much land does he own? But many farmers lease at least some of the land they cultivate. Learn more about fact-checking at AP. 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. by Harvard Universitys Joint Center for Housing Studies. Another is the possibility of cost competitive biofuels. That means Bill Gates owns 378 square miles of the United States. , an annual survey of the nations largest landowners. The total portfolio of farmland is worth well over $700 million. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. 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. Gates' purchase averaged $12,000 per acre. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 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 . 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. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. How much land does he own? Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. While that is . 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? The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. The project isnt yet funded. Gates has been buying land like it's going out of style. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. 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. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Many believe unhinged conspiracy theorists fuel the trend. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . People are going to pay attention to what Bill is doing, Sherrick says. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. People want to know, Why does Bill Gates want all this land?. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. Who knows. Farms also have a role in fighting climate change. The trust and Headley were given 30 days to respond to the letter. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. However, the land held only amasses 1 percent of the total acres of farmland in the United States. 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. He added: 'In addition, the states oldest winery, Chateau Ste. The property is currently worth $130.8 million. We are no longer accepting comments on this article. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. Bill Gates is now the largest private farmland owner in the United States, according to a new report. Reed family: Land area: 1.7 million acres. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Oscar Cainer tells all. 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. The risk is large. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. Given that Gates is the third-richest person in the world with an estimated net worth of $132 billion, he falls in behind Tesla founder Elon Musk and Amazons Jeff Bezos those money managers have their hands full. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. 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. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Climate change is happening, and we must use all best practices to allow farmers to adapt. 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. New Scientist went to press before the meeting finished. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. The . 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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 . 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). He assigned his research team to dig a little deeper. A more in-depth look at the facts makes a compelling case against the billionaire. 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. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. The new green economy will mean new opportunities for land owners, OKeefe believes. 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. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). 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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. The other major problem AGRA is aiming to solve is lack of infrastructure. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. 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 . 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. 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. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. 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 . Part of the Daily Mail, The Mail on Sunday & Metro Media Group. 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. Theres a tendency in the media to personalize this, OKeefe says. 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. 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. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . 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. 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. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. Without innovation, we will not solve climate change, Gates said. 5. 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 billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. Less rain will be a major factor. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Slectionnez Grer les paramtres pour grer vos prfrences. She then joined the AGRA programme (see main story), who put her forward as a model participant. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. the Land Report published. Banda has also been able to buy an ox cart and pay school fees for one of her children. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Opinion: Bill Gates and Warren Buffett should thank American taxpayers for their profitable farmland investments Last Updated: March 13, 2021 at 11:54 a.m. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. the latest American Housing Survey by the Census Bureau. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. So far, only eight of 54 countries have done so.. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonald's. And in Florida, farmers grow carrots on their property. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Bill Gates does not own the majority of U.S. farmland. a Reddit user asked. Earlier this week, North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, care of Headley, notifying it that corporations and limited liability companies were prohibited from owning or leasing farmland or ranchland in the state of North Dakota., Wrigley wrote that these entities were also barred from engaging in farming or ranching.. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. 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. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Gear-obsessed editors choose every product we review. 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). 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. Jumbuck Pastoral Company is owned by the MacLachlan family. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. He owns a huge . The agriculture sector is important, he wrote. Why does Bill Gates now own more than 240,000 acres across the country? Expanding the AGRA scheme was set to be high on the agenda, Jama says. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Most of us imagine farmers tilling the soil that has been in their families for generations. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. 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