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. However, the land held only amasses 1 percent of the total acres of farmland in the United States. 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. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. From these initial three countries, the programme has expanded to 18. 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. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. 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 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 . 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. 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. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Getty Images for TIME Without innovation, we will not solve climate change, Gates said. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. a Reddit user asked. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. Learn more about fact-checking at AP. The AGRA project is the most concerted effort yet to fix the problem. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Gates' purchase averaged $12,000 per acre. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. And thats where the land purchases come in. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. 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. Bill Gates is the largest owner of land in America and there's a food crisis.. Bill Gates is the largest investor in renewables and there's a oil shortage.. Pelham (@Resist_05) April 18, 2022 CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. John Malone is the largest private landowner in the United States. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. 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. 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. Gates' interest in farmland is still strong. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. People are going to pay attention to what Bill is doing, Sherrick says. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. It isless than .1% of all US farmland because the ownership is so diverse. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. Now, its latest report says the scheme is achieving its aims. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). Forty percent of all children in sub-Saharan Africa are stunted. 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. Sign up for notifications from Insider! Although Gates owns these farms, he isnt changing their practices. But if it ever gets built, it would boost the value of Gates land dramatically. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. The same logic likely holds for Gates Arizona acquisitions. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. 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. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? Impossible Foods makes plant-based protein that can be fashioned into burgers. Less rain will be a major factor. 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 the Land Report 100, an annual survey of the nations largest landowners. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. The agriculture sector is important, he wrote. At least thats what the developers partnered with Gates investment group have promised. AGRA farms are key suppliers, says Gudmunds. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. 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. Couple find note in chimney that reveals their 290,000 house was 100 times cheaper 50 years ago. Introduction. The tech mogul, who is the fourth richest person in the world with a . Three-quarters of them live in South Asia and sub-Saharan Africa. 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. Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. 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. I have invested in these farms to make them more productive and create more jobs. How much land does he own? As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Expanding the AGRA scheme was set to be high on the agenda, Jama says. Get the world's best independent media newsletter delivered straight to your inbox. Thanks for contacting us. 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. 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. "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?" document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Many believe unhinged conspiracy theorists fuel the trend. 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 total portfolio of farmland is worth well over $700 million. 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. The comments below have not been moderated. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. 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 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 . A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. A single square mile contains 640 acres. The other major problem AGRA is aiming to solve is lack of infrastructure. Her new house is made of brick and has a tin roof and two bedrooms. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. 4. 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. 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. Who knows. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. This article will go into detail about how much land Bill Gates owns and why he owns so much. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. . bill gates, BioFuel, biofuels, carbon dioxide, carbon emissions, clean technologies, climate change, Coronavirus pandemic, crops, decarbonized power transmission, desalinate, Energy Storage, environ, farmland, fossil fuels, genetic lunacy, GMOs, greenhouse gas emissions, harvest, plant-based protein, solar energy, synthetic meat, zero-carbon cement. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. 5. 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. 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. 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. 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After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. 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. Hearst Magazine Media, Inc. All Rights Reserved. But many farmers lease at least some of the land they cultivate. 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. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". 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 land, most of which is non-irrigated, was transferred to Red River Trust on Nov. 2 and Nov. 3 of last year. . Gates, the billionaire tech mogul and philanthropist whose net worth was pegged by Bloomberg at $113 billion, has quietly amassed nearly 270,000 acres of farmland across the country, according to the Associated Press. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. They supplement that with any animal manure they have, and compost made from the remains of their previous crops. Nous, Yahoo, faisons partie de la famille de marques Yahoo. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. Deploying high-yield . Bill Gates does not own the majority of U.S. farmland. 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. It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. New division known as Gates Ag one kind of sustainability seal of approval certifying that given... This article will go into detail about How much land Bill Gates Neo-Feudalism. 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