It isless than .1% of all US farmland because the ownership is so diverse. 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. Total acreage for Bill Gates: Well over 270,000 acres. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. He assigned his research team to dig a little deeper. Impossible Foods makes plant-based protein that can be fashioned into burgers. 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 . 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'. 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. P4P aims to link the smallholder farmers explicitly into the process. 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 . Deploying high-yield . You can find his previous stuff at Gizmodo and Paste if you look hard enough. '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. 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. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. a Reddit user asked. We've received your submission. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. 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). Gates . Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. Although Gates owns these farms, he isnt changing their practices. 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. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Theres a tendency in the media to personalize this, OKeefe says. 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. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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. Corporate Agriculture Against Global Hunger. 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. Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. 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. He now owns more farmland than my entire Native American nation 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. 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. Oscar Cainer tells all. It was the highest priced land sale in the US that year. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. . Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. 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. The agriculture sector is important, he wrote. The first necessity is fertiliser. The land, most of which is non-irrigated, was transferred to Red River Trust on Nov. 2 and Nov. 3 of last year. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. Gates and his wife own 269,000 acres of farmland. North Dakota Farmland Purchase. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. How much land does he own? 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. 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. The outlet reported this week that Gates, 65, owns 268,984 acres of land . 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. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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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. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. The project isnt yet funded. In a recent episode of 60 Minutes, Gates explained that zero-carbon energy sources like nuclear power are vital in reducing the emissions that warm the atmosphere. Im hoping to lay a concrete floor soon, she says. Today, the Belmont tract remains mostly empty desert. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. Were connecting [smallholders] to the entire business chain, says Jama. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Gates' interest in farmland is still strong. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . Which in turn means less impact on the environment. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 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. Sign up for notifications from Insider! 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. He added: 'In addition, the states oldest winery, Chateau Ste. Less rain will be a major factor . While private companies and corporations are increasing . While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. 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. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. Learn more about fact-checking at AP. 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. The company is the largest producer of wool in Australia. Why is Bill Gates buying up farmland across America? The post says . 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. 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. 4. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. The massive land grab by Gates last year gave the tech magnate his first appearance on The Land Report, a magazine that "provides news, information, and . Gates responded: "I own less than 1/4000 of the farmland in the US. A single square mile contains 640 acres. owns the patent of the COVID-19 virus. 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. That can mean better yields with decreased use of fertilizers and pesticides. Stan Kroenke: Land area: 1.4 million acres. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. 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