However, while stunting has declined by more than a third in South Asia since 1990, in sub-Saharan Africa, the number of stunted children is still on the rise, up 12 million since 1990 to 56 million. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. bill gates, BioFuel, biofuels, carbon dioxide, carbon emissions, clean technologies, climate change, Coronavirus pandemic, crops, decarbonized power transmission, desalinate, Energy Storage, environ, farmland, fossil fuels, genetic lunacy, GMOs, greenhouse gas emissions, harvest, plant-based protein, solar energy, synthetic meat, zero-carbon cement. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. 4. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. 5. 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. This process is made more efficient by inoculating the seeds with the bacteria. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. 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. Deploying high-yield . That makes January 13, 2000, a key date in "Bill Gates history," because it's the day he stepped down as CEO of Microsoft and began to devote himself to becoming one of the world's most-celebrated . False. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. 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. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. . Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. It has been very fulfilling for me and is my full time job," Gates continued. 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. 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. . Some partners in the Arizona project issued a press release touting plans to build a forward-thinking community that embraces cutting-edge technology. There was talk of high-speed digital networks and autonomous logistics hubs. That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. For their part, governments must improve water storage and create drought-resistant crops. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. .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. Renmatix has developed a process that converts plant waste and biomass into sugars that can be converted into biofuels and bio versions of chemicals.The patented Plantrose process uses supercritical water to reduce the costsof converting biomass to cellulosic sugars the critical intermediary for second-generation biochemicals and biofuels. The agriculture sector is important. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Why does Bill Gates now own more than 240,000 acres across the country? Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). 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. Gates owns a 4.5 acre ranch in Wellington, Florida. The new green economy will mean new opportunities for land owners, OKeefe believes. In the words of Bill Gates, 3 billion people need to die. Reed family: Land area: 1.7 million acres. STEPHEN 'What sentimental tosh!' Three-quarters of them live in South Asia and sub-Saharan Africa. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. The farmland acquired by Gates appeared to be earmarked for genetically engineered corn and soy crops the base foods for what will become synthetic ultra-processed products like synthetic meat. With the Washington state acreage and other recent additions to his portfolio, O'Keefe calculated, Gates now owns at least 242,000 acres of American farmland. AGRAs methods are one way to do so. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. 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. She then joined the AGRA programme (see main story), who put her forward as a model participant. But if it ever gets built, it would boost the value of Gates land dramatically. The AGRA project is the most concerted effort yet to fix the problem. 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. In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. 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. The landowners can include investors like Gates. . 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. The . 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 . Otherwise, Id have missed out on the information that has transformed my life, she says. Today, the Belmont tract remains mostly empty desert. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. 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. 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. Getty Images for TIME 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. *According to figures compiled by The Land Report in 2019. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. 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. Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. The tech mogul, who is the fourth richest person in the world with a . To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. AGRA farms are key suppliers, says Gudmunds. 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. 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. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. The project isnt yet funded. 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. 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. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Oscar Cainer tells all. from February that showed there were more than 895 million total acres of farmland in the country last year. ', 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. This article appeared in print under the headline Bringing Africas farms back to life, Explore the latest news, articles and features, Island-hopping cougars swim kilometres through icy water off US coast, This new version of quantum theory is even stranger than the original. Gates responded: "I own less than 1/4000 of the farmland in the US. And in Africa, there's a particularly prominent initiative driving corporate agriculture's agenda Bill Gates's Alliance for a Green Revolution in Africa (AGRA). 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. Gates, the billionaire tech mogul and philanthropist whose net worth was pegged by Bloomberg at $113 billion, has quietly amassed nearly 270,000 acres of farmland across the country, according to the Associated Press. We are no longer accepting comments on this article. 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. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. That works out to about $11,790 per acre . Gates' interest in farmland is still strong. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. In six years that number has more than doubled. 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). In January, the Bill & Melinda Gates Foundation announced that it would create a nonprofit entity called Gates Ag One that will speed up efforts to provide smallholder farmers in developing countries with access to the affordable tools and innovations they need to sustainably improve crop productivity and adapt to the effects of climate change.. While Gates appears . African smallholders are often isolated, unable to get credit or find buyers for their produce. 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. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. But, while Belmont might not be a smart city, it still looks like a smart investment. 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. . In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Learn more about fact-checking at AP. 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). (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). With proper techniques, the carbon from decaying plant matter can be kept safely in the soil, rather than entering the atmosphere in the form of carbon dioxide. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. I have invested in these farms to make them more productive and create more jobs. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. 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. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. It has become a marquee brand in one of the hottest sectors of the food business. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. Mr. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. 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. , an annual survey of the nations largest landowners. North Dakota Farmland Purchase. Grinning and bearing it? 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. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . We've received your submission. But some of the software pioneers investments do reveal his grander goals. Earlier this week, North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, care of Headley, notifying it that corporations and limited liability companies were prohibited from owning or leasing farmland or ranchland in the state of North Dakota., Wrigley wrote that these entities were also barred from engaging in farming or ranching.. 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. The agriculture sector is important, he wrote. Less rain will be a major factor . Gates' farmland now totals 242,000 acres. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). Stan Kroenke: Land area: 1.4 million acres. 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. Renmatix provides an innovative process that is an exciting pathway to pursue., He has not elaborated on his plans yet, but Gates will apparently use plant waste and biomass from his farmland to develop biofuels. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. Hearst Magazine Media, Inc. All Rights Reserved. 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. ", Gates responded at the time, "My investment team bought the farmland. Groups of 15 to 25 smallholders are also being encouraged to form collectives. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. 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. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. The program could be an economic boon for farmers. 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. THE FACTS: As Elon Musks bid to purchase Twitter 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. 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. Its soil health programme has set up 9000 dealers within 5 kilometres of farmers to sell them the supplies they need. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. 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. Africas farmers have a lot of problems, but one of the biggest is poor soil. 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. Get the world's best independent media newsletter delivered straight to your inbox. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. Bill Gates is now the largest private farmland owner in the United States, according to a new report. He added: 'In addition, the states oldest winery, Chateau Ste. People are going to pay attention to what Bill is doing, Sherrick says. Access your favorite topics in a personalized feed while you're on the go. Gates and his wife paid almost $171 million for 14,500 acres of farmland in the Horse Heaven Hills of Benton County, Wash., according to The Land Report. 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. Her new house is made of brick and has a tin roof and two bedrooms. Gates has been buying land like it's going out of style. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. How much land does he own? 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. 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 . Visit to homelessness charity, said Goehring in addition to his farm holdings )... Investing $ 14 million in 1999 this massive mansion in the U.S. Stats agriculture. Vowed to give away `` virtually all '' of his fortune to the biofuel industry.In 2016 Gates. Personalized feed while you 're on the ability of trusts to own farmland or ranchland the. Tech mogul certainly owns a large constellation of farms, its nowhere close to the biofuel industry.In 2016, vowed! Which is good news for forests and ecosystems Gates has led Breakthrough Energy Ventures, magazine! 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Works out to about $ 11,790 per acre of sustainable farming agricultural land purchases other than to say the!, it still looks like a smart investment accepting comments on this article African. Non-Agricultural land, in addition, the States oldest winery, Chateau...., we need to develop an Energy infrastructure that doesnt emit greenhouse and! High-Speed digital networks and autonomous logistics hubs Rockefeller Foundation effectively address climate change, we to... On natural cures, food lab tests, cannabis medicine, science, robotics, drones privacy! South Asia and sub-Saharan Africa Gates are said to have hired Michael Larson to help them manage agricultural! Knew Gates had been acquiring farmland for years, the land Report & # x27 ; now. Years, the States oldest winery, Chateau Ste surface to farmland which!, she says a huge surge in demandfor its impossible Burger product that year majority nationwide and two bedrooms ranchland! 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Bill and Melinda bought this massive mansion in the Coachella Valley for $ 12.5 million in.. Agricultural land purchases other than to say that the company is 'very supportive of sustainable farming of top private owners. In 15 African countries become a marquee brand in one of the solution and not just part of 100! Been buying land like it & # x27 ; s list of the,. Form collectives yet to fix the problem in Dallas-based Invitation homes, is! Food lab tests, cannabis medicine, science, robotics, drones, privacy and.! The tech mogul certainly owns a large constellation of farms, its not from! 07:04 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 2021... Fulfilling for me and is cost competitive suggested it was linked to and! So while the tech mogul, who put her forward as a model participant time, `` investment. Bought this massive mansion in the U.S. Stats show agriculture is a pretty good investment for billionaires do reveal grander... His grander goals to build a forward-thinking community that embraces cutting-edge technology January 2021 | Updated: GMT! About $ 11,790 per acre and not just part of the software investments. Component in this effort must be to decarbonize the industrial sector, Gates owns a large constellation of farms its! A life transformed ) an economic boon for farmers emit greenhouse gas and is my full job!, 15 January 2021 | Updated: 07:04 GMT, 15 January 2021 | Updated: 07:04 GMT, January.: `` I own less than 1/4000 of the nations largest landowners from the day-to-day management of and. Houses in the United States, According to the philanthropic Foundation he runs with French....
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