What is the Venus-Jupiter conjunction and how can you view it? Gates' interest in farmland is still strong. Banda attributes her success to the fertiliser and nitrogen-fixing bacteria she has been applying, which have put extra pep into her crops and enriched the soil. 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. From these initial three countries, the programme has expanded to 18. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. We are no longer accepting comments on this article. The program could be an economic boon for farmers. The other major problem AGRA is aiming to solve is lack of infrastructure. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. 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. 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. 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. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. P4P aims to link the smallholder farmers explicitly into the process. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. 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. It was the highest priced land sale in the US that year. Corporate Agriculture Against Global Hunger. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. Theres a tendency in the media to personalize this, OKeefe says. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Sign up for notifications from Insider! The . The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after the piece noted that the firm owns 'at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana and other states or an area seven times bigger than Manhattan.'. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. 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. 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. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem, Gates longstanding interest in climate change. For comparison, the state of Rhode Island covers an area of 1,214 square miles. Nous, Yahoo, faisons partie de la famille de marques Yahoo. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. the latest American Housing Survey by the Census Bureau. It isless than .1% of all US farmland because the ownership is so diverse. . BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. . Stay up to date with what you want to know. 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 . 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. .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. That removes a major way for actual farm operators to . Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. That means Gates, whose net worth is estimated at some $134 billion. 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. According to mainstream media outlets like the Associated Press, there's absolutely nothing to see here as the Microsoft mogul becomes the largest private owner of U.S. farmland, having acquired as many as 270,000 fertile acres. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. APS ASSESSMENT: False. 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. 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. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. 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? This was also invaluable. Grinning and bearing it? 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. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. The tech mogul, who is the fourth richest person in the world with a . You can find his previous stuff at Gizmodo and Paste if you look hard enough. Mr. And thats where the land purchases come in. That proposed superhighway would run across a 5-mile stretch of the Belmont property. 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. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). 2 min read. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. buying an increasing share of the U.S. housing market. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). 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. How much land does he own? One other use for the farmland Gates has acquired is to grow crops for biofuels. But the purchaser of record was a small, obscure company in Louisiana. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. 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. He now owns more farmland than my entire Native American nation BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. 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. ", Gates responded at the time, "My investment team bought the farmland. The agriculture sector is important, he wrote. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Most of us imagine farmers tilling the soil that has been in their families for generations. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. False. That immediately set off alarm bells, OKeefe says. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. This process is made more efficient by inoculating the seeds with the bacteria. 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. 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 . 5. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. He concentrated on third world countries, with the aim of improving health facilities, reduce diseases, poverty and the improvement of education but his real interest in Africa is a hidden agenda. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Working closely with the World Health . Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. But some of the software pioneers investments do reveal his grander goals. Climate change is happening, and we must use all best practices to allow farmers to adapt. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. What made the difference was a boost in the productivity of her land. 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. The first necessity is fertiliser. 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). In fact, he reportedly owns more farmland than any other individual in America. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all U.S. farmland in his 11th appearance in an . 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. 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. BlackRock also does not own the majority of the countrys 80 million single-family homes. Why is Bill Gates buying up farmland across America? Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. And Eastern Washington has some of the richest, most expensive farmland in the country. His portfolio is diversified, in other words.
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