5. STEPHEN 'What sentimental tosh!' The first necessity is fertiliser. Theres a tendency in the media to personalize this, OKeefe says. Access your favorite topics in a personalized feed while you're on the go. Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. 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 . But the details are murky, and there is no evidence that the billionaires farmland-buying spree is driven by anything more than a desire to have a well-diversified portfolio. How fitting! It was the highest priced land sale in the US that year. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. For now, though, all that smart city talk is more than a little premature. 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. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. John Malone is the largest private landowner in the United States. Reed family: Land area: 1.7 million acres. Bill and Melinda Gates, pictured at The Elysee Palace in 2017 where they received the award of Commander of the Legion of Honor, are now the biggest owners of farmland in the US, a new report revealed, The tech billionaire has quietly bought up 242,000 acres of farmland in 18 states - and 268,984 of multi-use land in 19 states in total, making him the biggest agricultural landowner in the US, though far short of the biggest overall landowner in the country, In 2018, a 'Louisiana investor', later revealed to be Gates, paid $171 million for a large swath of farmland in the Horse Heaven Hill, making it one of the largest real estate transactions in recent memory, In 2014, Gates reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. We've received your submission. Introduction. 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. Expanding the AGRA scheme was set to be high on the agenda, Jama 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. 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.. 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She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. 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. We wont even come close.. 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 . Groups of 15 to 25 smallholders are also being encouraged to form collectives. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. This isn't the first time Gates has called for higher taxes on the wealthy. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. 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. It is the largest charitable foundation in the world and distributes more aid for global . Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Africas farmers have a lot of problems, but one of the biggest is poor soil. 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. Otherwise, Id have missed out on the information that has transformed my life, she says. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. Her new house is made of brick and has a tin roof and two bedrooms. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. The commitment is a ten-fold increase from the foundation's . 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. Now, its latest report says the scheme is achieving its aims. A more in-depth look at the facts makes a compelling case against the billionaire. . A corporation or LLC found in violation of the law has up to a year to divest itself fromt he land or face a penalty up to $100,000, according to the letter. For comparison, the state of Rhode Island covers an area of 1,214 square miles. 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. In the words of Bill Gates, 3 billion people need to die. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. 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. Gates' interest in farmland is still strong. How much land does he own? Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. 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. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. The option does not identify how much land . This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. The . By clicking Sign up, you agree to receive marketing emails from Insider Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. New Scientist went to press before the meeting finished. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. Gates owns over 242,000 . Stan Kroenke: Land area: 1.4 million acres. THREE years ago, Lucy Banda and her six children lived in a two-room house made of soil dampened and tamped into a dome, with just one bedroom and a living room. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. The Gates' portfolio of farmland covers 18 states. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 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. In fact, he reportedly owns more farmland than any other individual in America. A single square mile contains 640 acres. Sign up for notifications from Insider! But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. 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. As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. a Reddit user asked. 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. 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. 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. 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. 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. This process is made more efficient by inoculating the seeds with the bacteria. 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. 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. 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. 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. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. He has very competent investment managers.. 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. 'Gorilla Glue girl' Tessica Brown finds breast lumps befor 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting, Chicago's top cop quits one day after woke mayor lost re-election bid, Influencer refuses to switch business class seats so family can sit together, RHOA star Drew Sidora accuses ex Ralph Pittman of cheating, mental abuse, Original Gone With The Wind script reveals secret war over slavery, cut scenes, Drake regrets disrupting someones life by name-dropping exes in his songs, Good luck 'worming' your way out of this one, Sunny Hostin Points Finger at China for COVID Crisis: Did Not Cooperate With the International Community, 'Disgraceful' Meghan, Harry 'provoked' King Charles to evict them: royal expert. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. 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 the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. 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. 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). , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. (Related:Why is Bill Gates buying up farmland across America?). The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. Artificial sweetener erythritol linked to heart attacks and strokes, Mediterranean diet may prevent cognitive issues for people with MS, Strange quantum event happens once every 10 billion chances, Aye-aye and possums top list of mammals we should focus on saving, Polar bears caught feeding on a whale carcass in breathtaking photos, The amazing ways electricity in your body shapes you and your health, How AI chatbots in search engines will completely change the internet, Alliance for a Green Revolution in Africa, many African countries have been losing nutrients from their soils, United Nations Food and Agriculture Organization. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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 . In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. 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. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. I have invested in these farms to make them more productive and create more jobs. 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. 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