retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. That removes a major way for actual farm operators to . How much land does he own? The outlet reported this week that Gates, 65, owns 268,984 acres of land . The region west of Phoenix is booming. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. Today, Bill Gates owns 242,000 acres of farmland in 19 states. The agriculture sector is important, he wrote. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. In 2018 Gates reportedly bought about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million from an insurance company that had paid $75million for it in 2010. 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. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. He assigned his research team to dig a little deeper. How much land does he own? 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. Gates' purchase averaged $12,000 per acre. For their part, governments must improve water storage and create drought-resistant crops. Learn more about fact-checking at AP. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. Although Gates owns these farms, he isnt changing their practices. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. from February that showed there were more than 895 million total acres of farmland in the country last year. 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. 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 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. A primary proponent of this view is the Cornell Alliance for Science (CAS), founded in 2014 to "depolarize the charged debate" around genetically modified (GM) seeds. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. The trust and Headley were given 30 days to respond to the letter. While Gates appears . 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. Bill Gates is now the largest private farmland owner in the United States, according to a new report. Its soil health programme has set up 9000 dealers within 5 kilometres of farmers to sell them the supplies they need. 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. He has very competent investment managers.. Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. Climate change is happening, and we must use all best practices to allow farmers to adapt. Gates responded: "I own less than 1/4000 of the farmland in the US. What made the difference was a boost in the productivity of her land. Oscar Cainer tells all. This was also invaluable. Many believe unhinged conspiracy theorists fuel the trend. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. You can find his previous stuff at Gizmodo and Paste if you look hard enough. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a small part of the estimated 911 million acres of farmland in the US. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. And yet, he can't seem to wrestle free of the internet's villainous conspiracies against him. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. We already buy 80 per cent of our produce from developing countries, but those that bid for the contracts are usually the larger companies and farms, says Ahnna Gudmunds, the schemes advocacy officer. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Jumbuck Pastoral Company: 5.75 million hectares. African smallholders are often isolated, unable to get credit or find buyers for their produce. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. 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. , an annual survey of the nations largest landowners. 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. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. I have invested in these farms to make them more productive and create more jobs. Gates owns a 4.5 acre ranch in Wellington, Florida. 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. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. The landowners can include investors like Gates. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. 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. 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. 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. AFRICA. But if it ever gets built, it would boost the value of Gates land dramatically. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. 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 financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. Gates has been asked about his farmland purchases before. Tagged Under: One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. AGRA farms are key suppliers, says Gudmunds. If those properties were grouped together and placed on a list of the world's countries by land area, it would fall within the top 50, higher than both France and Spain. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. But many farmers lease at least some of the land they cultivate. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. People want to know, Why does Bill Gates want all this land?. a Reddit user asked. One other use for the farmland Gates has acquired is to grow crops for biofuels. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. 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 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. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. The tech mogul, who is the fourth richest person in the world with a . Social media users are falsely claiming that Gates owns the majority of U.S. farmland. However, the land held only amasses 1 percent of the total acres of farmland in the United States. Those people are upset, but there are others that are just livid about this.. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. 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. 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. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. New Scientist went to press before the meeting finished. 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. That means Gates, whose net worth is estimated at some $134 billion. The post says . than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. Less rain will be a major factor . The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. Red River Trust filed paperwork with the office of the secretary of state of North Dakota on Feb. 15 of this year. . 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 . FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Deploying high-yield . Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. 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. Gates . That proposed superhighway would run across a 5-mile stretch of the Belmont property. Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. 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.'. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. The total portfolio of farmland is worth well over $700 million. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. And thats where the land purchases come in. Stay up to date with what you want to know. 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. 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. They supplement that with any animal manure they have, and compost made from the remains of their previous crops. This parcel apparently makes up the bulk of the billionaire couples farmland holdings. Who knows. What does a technology pioneer want with agriculture? 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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. We invest in the farms to raise productivity. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. 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. 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. While private companies and corporations are increasing . 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. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. 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In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. 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. 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 . Here are all the companies owned by Bill Gates in 2022. On average their farms yields have doubled (see chart below). He warned us about a pandemic, he dedicates . (Through a spokesperson, the company declined to comment for this article.). A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. 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. 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 . There will be incentives for things like using less water, fewer chemicals, and storing more carbon. 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. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. 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