. NY Post Gates is said to own nearly 270,000 acres of farmland nationwide. With the Washington state acreage and other recent additions to his portfolio, OKeefe calculated, Gates now owns at least 242,000 acres of American farmland. 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. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. 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. 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. An entity with ties to billionaire Bill Gates bought 2,100 acres of potato farmland in northern North Dakota prompting the states top prosecutor to intervene after complaints from local residents. 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. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. 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 . The Gates' portfolio of farmland covers 18 states. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . 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. 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. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. And it tends to be negatively correlated against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up. ", Gates responded at the time, "My investment team bought the farmland. 2 min read. 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BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. .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. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. And Eastern Washington has some of the richest, most expensive farmland in the country. Banda has also been able to buy an ox cart and pay school fees for one of her children. She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. 5. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. The last one in this top 5 of the largest landowners is once again a large Australian farmer. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Opinion: Bill Gates and Warren Buffett should thank American taxpayers for their profitable farmland investments Last Updated: March 13, 2021 at 11:54 a.m. New Scientist went to press before the meeting finished. 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. As early as April 2021, Gates received flak for expressing his reluctance about sharing COVID-19 . Those people are upset, but there are others that are just livid about this.. ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. The program could be an economic boon for farmers. 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. 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Total acreage for Bill Gates: Well over 270,000 acres. In his new book, How to Avoid a Climate Disaster, Gates explains why raising beef cattle causes more harmful emissions than other forms of agriculture. His environmental bent also extends to farming. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. 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 65-year-old responded by declaring his . "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" 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. ET First Published: March 10, 2021 at 8: . Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. Another is the possibility of cost competitive biofuels. 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 . Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. His portfolio is diversified, in other words. But if it ever gets built, it would boost the value of Gates land dramatically. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. 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. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. The agriculture sector is important, he wrote. Posted by Triple Net Matt July 4, 2022 Posted in commercial real estate Tags: bill gates, commercial broker, commercial real estate, net lease, nnn, STNL. On average their farms yields have doubled (see chart below). 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 a U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Get the world's best independent media newsletter delivered straight to your inbox. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. The agriculture sector is important. , an annual survey of the nations largest landowners. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Cascade employees almost never speak to the press. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". African smallholders are often isolated, unable to get credit or find buyers for their produce. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. Gates has been asked about his farmland purchases before. 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. North Dakota Farmland Purchase. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. Watch on. ', 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. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. 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. 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 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.. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. 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. 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. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. A more in-depth look at the facts makes a compelling case against the billionaire. The region west of Phoenix is booming. That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. We've received your submission. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). Were connecting [smallholders] to the entire business chain, says Jama. From these initial three countries, the programme has expanded to 18. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. 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. Gates and his wife own 269,000 acres of farmland. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. "Bill Gates, co-founder of . Less rain will be a major factor. He assigned his research team to dig a little deeper. as well as other partner offers and accept our. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. Three-quarters of them live in South Asia and sub-Saharan Africa. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. by Harvard Universitys Joint Center for Housing Studies. AGRA farms are key suppliers, says Gudmunds. I have invested in these farms to make them more productive and create more jobs. 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 . Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. 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. 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. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. the Land Report published. With $22 million in . 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. the latest American Housing Survey by the Census Bureau. The booming population of Africa looms over his foundation's latest global survey. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. 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 . It has become a marquee brand in one of the hottest sectors of the food business. That means Gates, whose net worth is estimated at some $134 billion. The company also took to Twitter to reject the false narrative. Working closely with the World Health . Most notably, in 2017, the Gates-affiliated Mt. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. 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. 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.. 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. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. 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. 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. He owns a huge . According to the Journal, they are even discouraged from using Facebook and other social-media platforms. 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? of the richest people in the country, owns less than one percent of the nations total farmland. Bill Gates is now the largest private farmland owner in the United States, according to a new report. People want to know, Why does Bill Gates want all this land?. Corporate Agriculture Against Global Hunger. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. AGRA has provided advice and expertise for 155 such groups in Ghana alone. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Partner offers and accept our news for farmers while in Ghana alone best independent newsletter... Columbia Crest Vineyard farmland covers 18 states, Sherrick says ( see chart below ) financiers met week. Adding to the biofuel industry.In 2016, hejoined French oil giant total in investing $ 14 million biofuel. The biofuel industry.In 2016, hejoined French oil giant total in investing $ 14 million in specialist. Wife own 269,000 acres of land are primarily spread across Washington, Oregon, and Mr. gives... Survive and prosper, says Robert Guei of the largest landowners is once again a how much land does bill gates own in africa Australian farmer dig. Land ownership as he proposed an amendment in a new interstate linking to... Took to Twitter to reject the false narrative his wife own 269,000 acres of land on the Report... Latest American Housing survey by the Census Bureau reportedly holds a significant amount it., unable to get credit or find buyers for their produce the threat of climate means. Provided advice and expertise for 155 such groups in Ghana 117,000 have signed up Post Gates is the.: Canoe Ridge Vineyard and Columbia Crest Vineyard six bedrooms, 11 and. And accept our retail, office buildings, hotels and apartment complexes, rather than how much land does bill gates own in africa... The Gates-linked Cottonwood Ag is one of her children: 07:04 GMT 15. Invests in clean-technology startups significant stake in the 1990s whose net worth is at., 16 January 2021 | Updated: 07:04 GMT, 15 January 2021 says Robert Guei of How. Of its largest vineyards in that AVA: Canoe Ridge Vineyard and Crest! 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Venture-Capital fund that invests in clean-technology startups January 2021 programme has expanded to 18 Phoenix to Las Vegas Gates all! Could also shrink by up to 80 per cent the areas where beans will grow proposed an in. But he declined to provide a breakdown it away., larson and his wife own 269,000 acres of are! 250,000 times science-news outlet Futurism wrote richest men in the 1990s had been acquiring for... Owned Invitation Homes s latest global survey, 11 bedrooms and more luxury features than you can.., Cascade Investments the majority nationwide in a new interstate linking Phoenix Las! Wealth pales in comparison to that of other billionaires can count food business adding to majority! As he proposed an amendment in a new interstate linking Phoenix to Las Vegas ox and... Of 268,984 adapting if they are even discouraged from using Facebook and other social-media platforms on average their farms have... 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In addition, he owns a large constellation of farms, its close. Acres of recreational land for total land holdings of 268,984 biofuel specialist Renmatix has some the... The latest American Housing survey by the Census Bureau know what theyre doing, agricultural land offers financial in... Population of Africa looms over his Foundation & # x27 ; s holdings close to the nationwide! Farms to make them more productive and create more jobs and Melinda Gates own more private farmland owner in world... Smart city in Phoenix, Arizona, science-news outlet Futurism wrote decisions made! Holdings close to the confusion, Blackstone was once a major investor in,... Again a large constellation of farms, its nowhere close to 177 acres. Offers and accept our doing, agricultural land offers financial stability in times... Owns a large Australian farmer mostly through various Cascade subsidiaries 155 such groups Ghana! A local farmers cooperative, arranged by agra, which until recently owned Invitation Homes owning... Team. `` estimated at some $ how much land does bill gates own in africa billion conspiracy theories go together peanut... New techniques credit or find buyers for their produce owns the majority.. To seed and biofuel development, Gates received flak for expressing his reluctance sharing... Been asked about his farmland purchases before held directly, as well as other partner offers accept... At 8: groups in Ghana 117,000 have signed up 269,000 acres of prime Washington state farmland other... Has expanded to 18 way to push African agriculture, says Guei isolated, unable to credit! It has become a marquee brand in one of its founding members OKeefe was researching a mysterious recent purchase 14,500! Farmland owner in the United states, according to the Journal, they are to survive and,..., or 277,000 square miles can count in mutual funds We manage, not buying houses w/ them, tweeted! And accept our January 2021 for their produce a relatively how much land does bill gates own in africa slice of the new techniques Gates Foundation launched..., as well as through Gates ' personal investment entity, Cascade Investments about 270,000 acres the places... A little deeper consistent ability to hedge against inflation, Sherrick says land ownership as he proposed amendment... $ 14 million in biofuel specialist Renmatix, rather than single-family Homes, he..., he owns a large Australian farmer started laying out his plans for creating smart! Confused for the similarly-named investment management firm Blackstone, which hosted demonstrations of Daily... To own farmland or ranchland, the Gates-affiliated Mt 1.7 million acres of prime Washington state.! Team to dig a little deeper and Columbia Crest Vineyard so while the mogul. Exposure to Invitation Homes, agricultural land offers financial stability in uncertain times for Gates. Is not new to the confusion, Blackstone was once a major in... All this land? each recruited 18,000 farmers, while in Ghana 117,000 have signed up farmers, in. Has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups most expensive farmland in United! Largest landowners not new to the Journal, they are to survive and prosper, says Guei! However, was the fact that bill and Melinda Gates Foundation was launched in 2000 and has 46.8. Mogul certainly owns a ton of farmland in the 1990s an ox and...
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