Gates responded: "I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. 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. But if it ever gets built, it would boost the value of Gates land dramatically. The commitment is a ten-fold increase from the foundation's . Im hoping to lay a concrete floor soon, she says. Gates' purchase averaged $12,000 per acre. In the words of Bill Gates, 3 billion people need to die. For their part, governments must improve water storage and create drought-resistant crops. Groups of 15 to 25 smallholders are also being encouraged to form collectives. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Impossible Foods makes plant-based protein that can be fashioned into burgers. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Climate change is happening, and we must use all best practices to allow farmers to adapt. 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. 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 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. Hearst Magazine Media, Inc. All Rights Reserved. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. 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 trust and Headley were given 30 days to respond to the letter. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. 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. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. 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. 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. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter says. ', 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. For now, though, all that smart city talk is more than a little premature. 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. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. 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. Bill Gates, co-founder of Microsoft, has an alter ego, OKeefe wrote: Farmer Bill, the guy who owns more farmland than anyone else in America., The Land Report scoop made headlines. Banda has also been able to buy an ox cart and pay school fees for one of her children. A more in-depth look at the facts makes a compelling case against the billionaire. AGRA farms are key suppliers, says Gudmunds. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. 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. 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 . Getty Images for TIME Jumbuck Pastoral Company: 5.75 million hectares. 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 . According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. 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. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Expanding the AGRA scheme was set to be high on the agenda, Jama says. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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. Stay up to date with what you want to know. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. The couples acquired farmlandisowned through a private investment company Cascade Investment.This company also owns shares in plant-based protein companies Beyond Meat and Impossible Foods, as well as agricultural equipment maker John Deere. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. 5. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. Farms also have a role in fighting climate change. . The property is currently worth $130.8 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. Those people are upset, but there are others that are just livid about this.. 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. 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. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. 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. *According to figures compiled by The Land Report in 2019. 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. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. Gates and his wife own 269,000 acres of farmland. Watch on. 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. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. ', In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as 'other parts of the developing world so they can lift themselves and their families out of hunger and poverty.'. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Access your favorite topics in a personalized feed while you're on the go. 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 tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. 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. STEPHEN 'What sentimental tosh!' In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. . The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. Learn more about fact-checking at AP. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. You can find his previous stuff at Gizmodo and Paste if you look hard enough. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. This parcel apparently makes up the bulk of the billionaire couples farmland holdings. Bill Gates' Mega House - $154 Million. 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. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. appeared to be earmarked for genetically engineered corn and soy crops, converts plant waste and biomass into sugars that can be converted into biofuels, Accumulation of ammonia from agriculture linked to cloud formations over Asia, Climate change propagandist Michael Mann calls for total censorship of anyone who disagrees with him (op-ed), Bidens claim that deadly Midwestern storms stem from human-caused climate change ripped as utter bulls**t by real meteorologist, Navigator Heartland Greenway using eminent domain to seize American farmland, construct CO2-sucking machines that will deprive crops of essential nutrient in the name of climate change, Deranged Canadian doctor diagnoses patient with climate change, South Pole records its coldest six months stretch, as Arctic Sea ice volume expands, nearing 20-year record, STUDY: Injecting sulfur into the atmosphere (as Bill Gates is doing) is a recipe for climate disaster, Due to changes in solar cycles, Earth could enter a period of GLOBAL COOLING, scientists warn, Kennedy Hall: Climate change and Covid pandemic are tools of control by global elites, Like COVID-19, climate alarmism is a tool global elites wield to control our lives, Mainstream media repeats debunked climate change claims pushed by The Lancet, Transport of tropical ocean heat causes over-estimation of global average temperatures, Three studies reveal natural phenomena, not humans, behind global warming, Convenient hypocrisy: Americans pay global warming tax while China pollutes, much like the Covid vax is mandatory for US citizens while the border is wide open, Larry Hamlin: Climate emergency is the product of propaganda and politics without scientific backing, Climate alarmists hype sea level rise by 2050, claim it could be 50 times greater than actual data, Facebook fact-checkers censor peer-reviewed scientific article proving the sun, not CO2, is responsible for climate change, Expert warns of weaponized weather being used against US power grids, STUDY: Excess CO2 is greening the planet, not killing it, Exceptional drought stressing crops in American West. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. 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. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. 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. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. Bill Gates does not own the majority of U.S. farmland. That means Bill Gates owns 378 square miles of the United States. Healthy mother-of-two, 32, collapsed and died from brain bleed while she led fitness bounce class. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. as well as other partner offers and accept our. What does a technology pioneer want with agriculture? 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