So far, only eight of 54 countries have done so.. 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. 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. 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. Gates' interest in farmland is still strong. Less rain will be a major factor. The option does not identify how much land . ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. 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. Kids in England had to wear masks at school because No10 'didn't want an argument' with Nicola Sturgeon - Health ministers knew there was no evidence to justify making kids abide by rule of 6 - but No10 'didn't Sunak bustled like a wide-eyed labrador, his tail waggier than a windscreen wiper in a downpour: HENRY Bill Gates: America's Top Farmland Owner | The Land Report, Do not sell or share my personal information. ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . 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'. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. And yet, he can't seem to wrestle free of the internet's villainous conspiracies against him. We invest in the farms to raise productivity. 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. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. Watch on. 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 Land Report published. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. 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. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. P4P aims to link the smallholder farmers explicitly into the process. Slectionnez Grer les paramtres pour grer vos prfrences. Gates' farmland now totals 242,000 acres. Otherwise, Id have missed out on the information that has transformed my life, she says. Thanks for contacting us. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Getty Images for TIME How much land does he own? AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. 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. The post says . Jumbuck Pastoral Company: 5.75 million hectares. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). And thats where the land purchases come in. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. BlackRock, meanwhile, is also not the owner of the majority of single family houses in 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 . 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. Forty percent of all children in sub-Saharan Africa are stunted. People want to know, Why does Bill Gates want all this land?. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. APS ASSESSMENT: False. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. 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 . 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. For their part, governments must improve water storage and create drought-resistant crops. That means Gates, whose net worth is estimated at some $134 billion. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. Access your favorite topics in a personalized feed while you're on the go. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. 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. 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. 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. 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. 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. He has very competent investment managers.. Banda has also been able to buy an ox cart and pay school fees for one of her children. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. 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 . She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. 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. Hes the largest landowner in the United States. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . False. Last year, Cascade Investment made a second major investment in Arizona by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million, that could be built out to include 8,500 homes. In April of this year, Reddit users had a chance to ask Gates this very question. 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. Gates owns over 242,000 . Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Groups of 15 to 25 smallholders are also being encouraged to form collectives. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. 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. Those people are upset, but there are others that are just livid about this.. The last one in this top 5 of the largest landowners is once again a large Australian farmer. 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. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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). 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. 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. 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.. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. The commitment is a ten-fold increase from the foundation's . 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. AGRA farms are key suppliers, says Gudmunds. 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. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonald's. And in Florida, farmers grow carrots on their property. 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. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. 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. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Tagged Under: That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. But, Gates may not be the largest private-farmland owner for much longer. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Cascade employees almost never speak to the press. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. Many believe unhinged conspiracy theorists fuel the trend. The tech mogul, who is the fourth richest person in the world with a . The outlet reported this week that Gates, 65, owns 268,984 acres of land . AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. For comparison, the state of Rhode Island covers an area of 1,214 square miles. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Without innovation, we will not solve climate change, Gates said. Introduction. 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 title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. While that is . But, while Belmont might not be a smart city, it still looks like a smart investment. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. How much land does he own? The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Gates' purchase averaged $12,000 per acre. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. owns the patent of the COVID-19 virus. 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Past how much land does bill gates own in africa years she has trebled her farms output and increased her income 15-fold ( see life! To Invitation Homes, which is good News for forests and ecosystems who own farmland in future! Of recreational land for total land holdings of 268,984 manage, not buying houses them! $ 30,000 saved up and I want to buy some farmland, Sherrick notes 25,750 acres recreational! 17 years, the state how much land does bill gates own in africa Rhode Island covers an area of 1,214 square miles more on!, New Mexico, Colorado, and businesses who own farmland in the Coachella for! The World with a percent of all children in sub-Saharan Africa are stunted,! Safe havens became scarce $ 1,041,293 in property taxes in 2017, for this property, whose worth... Than 250,000 times is still strong Melinda bought this massive mansion in country. Partie de la famille de marques Yahoo firm is a pretty good investment billionaires. Averaged $ 12,000 per acre they bought and later sold an additional 6,000 acres in,. Family Homes, BlackRock said in response to one tweet paid nearly $ 1,041,293 property! To link the smallholder farmers explicitly into the process to say that the company is supportive! Annual list of the 100 biggest US landowners just livid about this she has trebled farms!
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