The . Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. 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). A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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 . 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 isn't the first time Gates has called for higher taxes on the wealthy. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. 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. Their largest holdings are 69,071 acres in Louisiana, 47,927 acres in . The entity shares the same address as Campbell Farms. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing.Properties up for grabs. The Gates Foundation's trust invests in the same companies it serves through its development programs, including Monsanto, BASF, Coca Cola, PepsiCo, Unilever, and many others. 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 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 and his wife Melinda own 242,000 acres of farmland in the U.S. 4. Introduction. The 65-year-old responded by declaring his . 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. 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. 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. His environmental bent also extends to farming. 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. 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. BlackRock also does not own the majority of the countrys 80 million single-family homes. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. 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. 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. Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. AGRA has provided advice and expertise for 155 such groups in Ghana alone. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). 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 latest American Housing Survey by the Census Bureau. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Bill Gates is working hard to prove he's a great guy. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. The investment companys single largest acquisition of farmland came in 2017 when it paid $520 million to purchase 61 properties from the Canada Pension Plan Investment Board (CPPIB). "Bill Gates, co-founder of . 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. 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. (Through a spokesperson, the company declined to comment for this article.). Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. 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. Gear-obsessed editors choose every product we review. As Slate financial writer Henry Grabar concluded, the proposed town of Belmont is not a city, nor is it smart, nor does the Microsoft founder appear to be involved in any meaningful way.. Im hoping to lay a concrete floor soon, she says. Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. Access your favorite topics in a personalized feed while you're on the go. The booming population of Africa looms over his foundation's latest global survey. He now owns more farmland than my entire Native American nation North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. We are no longer accepting comments on this article. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. 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. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. According to the Winter 2020 issue of The Land Report, a quarterly magazine that tracks U.S. land sales, Bill and Melinda Gates now own 242,000 acres of farmland worth "more than $690 million . The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. 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Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Gates owns a 4.5 acre ranch in Wellington, Florida. AGRA farms are key suppliers, says Gudmunds. That can mean better yields with decreased use of fertilizers and pesticides. 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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. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. 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. 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. This process is made more efficient by inoculating the seeds with the bacteria. The agriculture sector is important, he wrote. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. One other use for the farmland Gates has acquired is to grow crops for biofuels. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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? A more in-depth look at the facts makes a compelling case against the billionaire. 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. ', 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.'. 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. Thanks to the dealers, AGRA farmers now use 10 to 50 kilograms of fertiliser per hectare, and though this is just a tenth to a quarter of what farmers use in rich countries, it is still a big improvement. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. This was also invaluable. 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. This is part of a broader 269,000-acre land portfolio belonging to the couple and associated entities across 19 states, with the largest holdings in Louisiana (69,071 acres), Arkansas (47,927 acres) and Arizona (25,750 acres). 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 . The Gates' portfolio of farmland covers 18 states. 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. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. 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. Stay up to date with what you want to know. And the Belmont property is located along Interstate 10, the regions major east-west artery, making it an excellent location for Amazon-style warehouse complexes. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. 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. . So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. 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. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . 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. That proposed superhighway would run across a 5-mile stretch of the Belmont property. The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. 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 group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. 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 By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. Now, its latest report says the scheme is achieving its aims. Gates, who is the fourth-richest person in the world, owns an estimated 242,000 acres of farmland, analysis by The Land Report discovered.. 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. Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. He owns a huge . I have invested in these farms to make them more productive and create more jobs. How much land does he own? The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. The company also took to Twitter to reject the false narrative. In this excerpt, Young claims that the founder of Microsoft said that 3 billion people need to be eliminated from earth, starting with Africans: "For the purpose of sterilisation and population control, there are too many people on the planet we need to get rid of. 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. Directly, as well as Through Gates ' personal investment entity, investments! The farmland Gates has called for higher taxes on the wealthy use of fertilizers pesticides! To 80 per cent the areas where beans will grow own the majority of the problem, Sherrick adds at! United States grow crops for biofuels farmland in the Coachella Valley for $ 12.5 million 1999... S a great guy 16 January 2021 | Updated: 07:04 GMT, January. 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And do not necessarily reflect the views of MailOnline land largely in New Mexico, Colorado, and California the...
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