Why does Bill Gates now own more than 240,000 acres across the country? 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 . 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 . After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. The Gates' portfolio of farmland covers 18 states. Many believe unhinged conspiracy theorists fuel the trend. 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'. John Malone is the largest private landowner in the United States. 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. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . The total portfolio of farmland is worth well over $700 million. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. What is the Venus-Jupiter conjunction and how can you view it? of the richest people in the country, owns less than one percent of the nations total farmland. The agriculture sector is important, he wrote. 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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. the Land Report published. Banda has also been able to buy an ox cart and pay school fees for one of her children. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. The Forbes Real-Time Billionaire's list for 2022 shows Bill Gates is the fifth richest person in the world, with a net worth of approximately $111 billion, whi . Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Less rain will be a major factor. 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). Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. 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. This article will go into detail about how much land Bill Gates owns and why he owns so much. 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Get the world's best independent media newsletter delivered straight to your inbox. 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. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. 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. Sign up for notifications from Insider! It has been very fulfilling for me and is my full time job," Gates continued. She then joined the AGRA programme (see main story), who put her forward as a model participant. Deploying high-yield . With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. But if it ever gets built, it would boost the value of Gates land dramatically. That means Bill Gates owns 378 square miles of the United States. And Eastern Washington has some of the richest, most expensive farmland in the country. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. 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. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. 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 ofthe Land Report 100, an annual survey of the nations largest landowners. Working closely with the World Health . 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.'. How Much Land Does Bill Gates Own In Africa? by Harvard Universitys Joint Center for Housing Studies. 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. Its soil health programme has set up 9000 dealers within 5 kilometres of farmers to sell them the supplies they need. The new green economy will mean new opportunities for land owners, OKeefe believes. Although Gates owns these farms, he isnt changing their practices. In fact, he reportedly owns more farmland than any other individual in America. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. .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. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. But the purchaser of record was a small, obscure company in Louisiana. Today, the Belmont tract remains mostly empty desert. The risk is large. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. We've received your submission. 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. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. The program could be an economic boon for farmers. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. We've received your submission. 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 his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 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. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. 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. 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. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. 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 is not the only billionaire on The Land Report 's list of top private farmland owners. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. We invest in the farms to raise productivity. Here are all the companies owned by Bill Gates in 2022. Forty percent of all children in sub-Saharan Africa are stunted. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. He now owns more farmland than my entire Native American nation Its goal is to help eliminate the need for animals from the meat supply by 2035, but its products rely on GMOs and heavy use of herbicides and pesticides. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. The comments below have not been moderated. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. Gates owns over 242,000 . Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. 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 Without innovation, we will not solve climate change, Gates said. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Impossible Foods makes plant-based protein that can be fashioned into burgers. Grinning and bearing it? 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. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. 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. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. AGRAs methods are one way to do so. Stay up to date with what you want to know. 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. Total acreage for Bill Gates: Well over 270,000 acres. The agriculture sector is important, he wrote. 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. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. One of the consequences of farm operators not actually owning their land is figuring out where farm subsidy money goes; much of it trickles to the actual owner of the land, who may just be treating farmland as a basic real estate investment. The . 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. However, the land held only amasses 1 percent of the total acres of farmland in the United States. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. In the words of Bill Gates, 3 billion people need to die. owns the patent of the COVID-19 virus. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. 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According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. 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. Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. 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. 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. The other major problem AGRA is aiming to solve is lack of infrastructure. 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. Gates owns a 4.5 acre ranch in Wellington, Florida. 2 min read. For their part, governments must improve water storage and create drought-resistant 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. The 65-year-old responded by declaring his . ', 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.'. 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. It was the highest priced land sale in the US that year. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. From these initial three countries, the programme has expanded to 18. "Bill Gates, co-founder of . Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. 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 . How much land does he own? 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how much land does bill gates own in africa