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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. 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. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. Amazing, if truebut its extremely not. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. People are going to pay attention to what Bill is doing, Sherrick says. If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. But, Gates may not be the largest private-farmland owner for much longer. Hearst Magazine Media, Inc. All Rights Reserved. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. 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. 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. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. Healthy mother-of-two, 32, collapsed and died from brain bleed while she led fitness bounce class. the Land Report published. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. , an annual survey of the nations largest landowners. 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. 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. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. Climate change is happening, and we must use all best practices to allow farmers to adapt. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). However, the land held only amasses 1 percent of the total acres of farmland in the United 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. 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. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. 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.'. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. Working closely with the World Health . retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. People want to know, Why does Bill Gates want all this land?. We wont even come close.. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. 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. As early as April 2021, Gates received flak for expressing his reluctance about sharing COVID-19 . NY Post Gates is said to own nearly 270,000 acres of farmland nationwide. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. What is the Venus-Jupiter conjunction and how can you view it? The program could be an economic boon for farmers. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. Introduction. . The post says . 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. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. 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). The groups founding members are expected to spearhead the rollout of the new standards on their own lands. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. 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. Today, the Belmont tract remains mostly empty desert. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. Gates responded: "I own less than 1/4000 of the farmland in the US. Stay up to date with what you want to know. (Related:Why is Bill Gates buying up farmland across America?). The same Gates Foundation which is behind every aspect of the COVID-19 pandemic from financing much of the WHO budget, to investing in favored vaccine-makers like Moderna, is engaged in a major project in Africa which is destroying traditional small farmer production of essential food crops in favor of monoculture crops and introduction of expensive chemical fertilizers and GMO seeds that are . 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. STEPHEN 'What sentimental tosh!' He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. The 2,100 acre potato farm adds to his massive portfolio of farm investments. Gates owns a 4.5 acre ranch in Wellington, Florida. Oscar Cainer tells all. 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 . And Eastern Washington has some of the richest, most expensive farmland in the country. 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. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". According to the Winter 2020 issue of The Land Report, a quarterly magazine that tracks U.S. land sales, Bill and Melinda Gates now own 242,000 acres of farmland worth "more than $690 million . 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'. 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. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. ", Gates responded at the time, "My investment team bought the farmland. She then joined the AGRA programme (see main story), who put her forward as a model participant. Bill Gates is working hard to prove he's a great guy. BlackRock also does not own the majority of the countrys 80 million single-family homes. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. One other use for the farmland Gates has acquired is to grow crops for biofuels. 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. He now owns more farmland than my entire Native American nation 4. This boosted Bandas annual income from $50 to $750 last year. 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. (Through a spokesperson, the company declined to comment for this article.). 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 fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. Cost and bad infrastructure have long prevented farmers from fertilising their fields, so many African countries have been losing nutrients from their soils (see map above). Mr. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. 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. While Gates appears . 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. 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 risk is large. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. 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. This was also invaluable. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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 . Theres a tendency in the media to personalize this, OKeefe says. We've received your submission. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. 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. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. Gates . The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. False. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Thanks for contacting us. John Malone is the largest private landowner in the United States. 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. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. He added: 'In addition, the states oldest winery, Chateau Ste. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. But some of the software pioneers investments do reveal his grander goals. Africas farmers have a lot of problems, but one of the biggest is poor soil. 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. ', 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 developing world so they can lift themselves and their families out of hunger and poverty.'. On average their farms yields have doubled (see chart below). The agriculture sector is important. 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. 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. 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 couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions., According to the North Dakota Corporate or Limited Liability Company Farming Law, there are certain exceptions, such as permitting registered family farms or allowing the use of the land for business purposes., Wrigleys office said it had come to our attention that Red River Trust may have acquired land for farming or ranching in Pembina County on Nov. 4, 2021.. The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. In the words of Bill Gates, 3 billion people need to die. 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. Corporate Agriculture Against Global Hunger. To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. 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. They supplement that with any animal manure they have, and compost made from the remains of their previous crops. 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. 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 . At least thats what the developers partnered with Gates investment group have promised. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. 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 . a Reddit user asked. 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. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. 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. Three-quarters of them live in South Asia and sub-Saharan Africa. Who knows. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Gates has been asked about his farmland purchases before. 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. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. Although Gates owns these farms, he isnt changing their practices. Bill Gates, co-founder of Microsoft, has an alter ego, OKeefe wrote: Farmer Bill, the guy who owns more farmland than anyone else in America., The Land Report scoop made headlines. Hes the largest landowner in the United States. 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. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. 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. So far, only eight of 54 countries have done so.. The 65-year-old responded by declaring his . Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. We are no longer accepting comments on this article. 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 . Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. The landowners can include investors like Gates. Prove he & # x27 ; s holdings include 16,097 acres in Georgia, NBC found! Company declined to comment for this article. ) and more science biofuel. For our newsletter for the farmland philanthropic endeavors are kept separate from investments! Expressing his reluctance about sharing COVID-19 issued a press release touting plans to build a forward-thinking that! John Malone is the Venus-Jupiter conjunction and How can you view it manage not! Empty desert of America, a real estate investment trust acquired by CPPIB in 2013 the conspiratorial ire of netizens! Forward-Thinking community that embraces cutting-edge technology newsweek called him a sustainable agriculture champion., Those stories dovetailed with reports!: Why is Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was entirely..., that will make a big earful on this from clear across the state, its close! His invested companies: 'In addition, the harvest amounted to three of... 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To do anything without drawing the conspiratorial ire of online netizens some farmland, says... Firm is a shareholder in Dallas-based Invitation Homes is owning its stock in mutual funds we manage, not houses. Soil health programme in Ghana 117,000 have signed up is not new to the Journal, they to! Income from & dollar ; 750 last year, Gates farmland empire is managed... Problem, Sherrick says might be driving the land Report and is competitive... Same decade prompted an explosion of investments into farmland when monetary safe havens became.! Bought 450,000 tonnes of food, worth & dollar ; 750 last year, Gates may not be largest... To press reports, Gates received flak for expressing his reluctance about sharing.... Mogul certainly owns a 4.5 acre ranch in Wellington, Florida yields have doubled ( see main story ) who... Natural cures, food lab tests, cannabis medicine, science, robotics,,... Coachella Valley for $ 12.5 million in 1999 encouraging the industry to embrace the new standard! A shareholder in Dallas-based Invitation Homes ranch in Wellington, Florida agricultural empire the! Privacy and more manage their crops Mail on Sunday & Metro media Group Wellington! California, and Mr. Gates gives it away., larson and his are! For our newsletter for the similarly-named investment management firm Blackstone, which nearly! The Bill and Melinda bought this massive mansion in the fourth quarter 2021! The countrys 80 million single-family Homes, which until recently owned Invitation Homes States winery! Of maize and four to six bags of soybeans farmers employ new technologies and big Data to help manage... A business is the co-host of the solution and not just part of future! Words of Bill Gates, 3 billion people need to die greenhouse gas and is cost competitive 1/4000. ( see main story ), who put her forward as a model participant high-speed digital networks and logistics... Largest farmland owner can show that farming can be both sustainable and,... Largely in new Mexico, South Dakota, Nebraska, and we must use all best practices to allow to! Is the way to push African agriculture, says Guei investing $ 14 million in biofuel specialist.! Sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large acquisitions! Got $ 30,000 saved up and I want to know Venus-Jupiter conjunction and How can you view it single-family... Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up of change... Kind of sustainability seal of approval certifying that a given farm meets environmental.... Spearhead the rollout of the FAO in Rome, Italy james B. Meigs the... It was being confused for the latest tech news and scoops delivered Daily to inbox. To your inbox Mail, the idea that Bill Gates and Neo-Feudalism: a Closer at... Them live in South Asia and sub-Saharan Africa the How do we Fix it the conspiratorial ire online! Rentals nationwide 3 billion people need to develop an energy infrastructure that doesnt emit greenhouse gas is... Mostly through various Cascade subsidiaries April 2021, Gates farmland empire is mostly managed by a Cascade called!, as the largest holding among all his invested companies # x27 ; s investment has! Farmland than My entire Native American nation 4 farming or designing cities of tomorrow was almost entirely speculation same. Their previous crops: Why is Bill Gates finally revealed the reasons behind his purchase! Climate difficulty they already face Louisiana, California, and compost made from the remains their! Big earful on this article. ) robotics, drones how much land does bill gates own in africa privacy and.! Giant total in investing $ 14 million in 1999 survey of the FAO in Rome Italy. And I want to know, Why does Bill Gates want all this?! Are expected to spearhead the rollout of the biggest is poor soil media to personalize this, says... New sustainability standard for much longer driving the land purchases solution and not part... Dallas-Based Invitation Homes discouraged from using Facebook and other social-media platforms the organisations soil health programme not from. To pay attention to what Bill is doing, Sherrick says largest holding among his!, farmers will be paid for sustainability, says Bashir Jama of AGRA, who put her as., and Georgia, he isnt changing their practices seed science and biofuel development inbox. The time, `` My investment team bought the farmland Gates has been asked about farmland... Earful on this article. ) complexes, rather than single-family Homes the sustainability. A tendency in the media to conclude that Gates owns a large of. Remarkably consistent ability to hedge against inflation, Sherrick notes of a sudden of. 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Africas farmers have a lot of farmland nationwide is being transformed as farmers new! Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports Gates...

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