In fact, he reportedly owns more farmland than any other individual in America. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. AGRA farms are key suppliers, says Gudmunds. That means Gates, whose net worth is estimated at some $134 billion. 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. Expanding the AGRA scheme was set to be high on the agenda, Jama says. BlackRock also does not own the majority of the countrys 80 million single-family homes. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. Those people are upset, but there are others that are just livid about this.. 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. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. That immediately set off alarm bells, OKeefe says. One other use for the farmland Gates has acquired is to grow crops for biofuels. 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. 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. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. Groups of 15 to 25 smallholders are also being encouraged to form collectives. We may earn commission if you buy from a link. 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. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. 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. 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. 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. 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. 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. North Dakota Farmland Purchase. . As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Learn more about fact-checking at AP. To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. This isn't the first time Gates has called for higher taxes on the wealthy. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. Bill Gates is working hard to prove he's a great guy. The agriculture sector is important, he wrote. That means Bill Gates owns 378 square miles of the United States. 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Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. *According to figures compiled by The Land Report in 2019. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . But even with his big new agricultural holdings, Gates still doesn't rank in the Top 100 of private landowners overall in the U.S. - when considering owners of land of all types, not just agricultural. Gear-obsessed editors choose every product we review. It isless than .1% of all US farmland because the ownership is so diverse. Forty percent of all children in sub-Saharan Africa are stunted. Stay up to date with what you want to know. ET First Published: March 10, 2021 at 8: . Most notably, in 2017, the Gates-affiliated Mt. What made the difference was a boost in the productivity of her land. Cascade employees almost never speak to the press. 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. ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . Impossible Foods makes plant-based protein that can be fashioned into burgers. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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. From these initial three countries, the programme has expanded to 18. 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. 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. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. (Through a spokesperson, the company declined to comment for this article.). Gates who stepped down from day-to-day involvement with Microsoft in 2008 has long been looking for ways to help the worlds poorest and to address the planets environmental challenges. 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. Gates' interest in farmland is still strong. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. While Gates appears . Her new house is made of brick and has a tin roof and two bedrooms. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. . After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. Deploying high-yield . What does a technology pioneer want with agriculture? 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. 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 views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. We are no longer accepting comments on this article. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. While that is . Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. Climate change is happening, and we must use all best practices to allow farmers to adapt. 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. With $22 million in . 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). As early as April 2021, Gates received flak for expressing his reluctance about sharing COVID-19 . Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. John Malone is the largest private landowner in the United States. Jumbuck Pastoral Company: 5.75 million hectares. Gates has been asked about his farmland purchases before. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. 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 Gates' portfolio of farmland covers 18 states. AGRA has provided advice and expertise for 155 such groups in Ghana alone. 4. 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. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. And Eastern Washington has some of the richest, most expensive farmland in the country. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. Access your favorite topics in a personalized feed while you're on the go. The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. The vision is to produce more efficiently, but to be aware that climate change is happening, and that we must use all best practices to allow farmers to adapt, says Guei. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. 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. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. 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. 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 . Investors generally are nevertheless buying an increasing share of the U.S. housing market. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. How much land does he own? The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. One of the consequences of farm operators not actually owning their land is figuring out where farm subsidy money goes; much of it trickles to the actual owner of the land, who may just be treating farmland as a basic real estate investment. 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