The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. AGRAs methods are one way to do so. as well as other partner offers and accept our. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. His environmental bent also extends to farming. The region west of Phoenix is booming. 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. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. 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. *According to figures compiled by The Land Report in 2019. 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. 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. However, the land held only amasses 1 percent of the total acres of farmland in the United States. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing.Properties up for grabs. 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. Im hoping to lay a concrete floor soon, she says. The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. Bill Gates and conspiracy theories go together like peanut butter and jelly. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. . 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. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Gates who stepped down from day-to-day involvement with Microsoft in 2008 has long been looking for ways to help the worlds poorest and to address the planets environmental challenges. 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 We are no longer accepting comments on this article. One other use for the farmland Gates has acquired is to grow crops for biofuels. AGRA has provided advice and expertise for 155 such groups in Ghana alone. 5. Earlier this week, North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, care of Headley, notifying it that corporations and limited liability companies were prohibited from owning or leasing farmland or ranchland in the state of North Dakota., Wrigley wrote that these entities were also barred from engaging in farming or ranching.. Amazing, if truebut its extremely not. AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. The agriculture sector is important, he wrote. The company also took to Twitter to reject the false narrative. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. AGRA farms are key suppliers, says Gudmunds. 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. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. 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. The company is the largest producer of wool in Australia. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. In 2018 Gates reportedly bought about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million from an insurance company that had paid $75million for it in 2010. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. For comparison, the state of Rhode Island covers an area of 1,214 square miles. APS ASSESSMENT: False. ET First Published: March 10, 2021 at 8: . Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. While that is . Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. 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. The post says . With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. Mr. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. Expanding the AGRA scheme was set to be high on the agenda, Jama says. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Gates has been buying land like it's going out of style. What does a technology pioneer want with agriculture? He has very competent investment managers.. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . What is the Venus-Jupiter conjunction and how can you view it? Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. It is the largest charitable foundation in the world and distributes more aid for global . Which in turn means less impact on the environment. 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. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. It isless than .1% of all US farmland because the ownership is so diverse. the Land Report published. Bill Gates is now the largest private farmland owner in the United States, according to a new report. The farmland that Gates owns is located in 19 states. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. Jumbuck Pastoral Company is owned by the MacLachlan family. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. owns the patent of the COVID-19 virus. What made the difference was a boost in the productivity of her land. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. 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. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. Gates and his wife own 269,000 acres of farmland. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). 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. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Couple find note in chimney that reveals their 290,000 house was 100 times cheaper 50 years ago. A more in-depth look at the facts makes a compelling case against the billionaire. 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 . 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. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. In the words of Bill Gates, 3 billion people need to die. As Slate financial writer Henry Grabar concluded, the proposed town of Belmont is not a city, nor is it smart, nor does the Microsoft founder appear to be involved in any meaningful way.. So far, only eight of 54 countries have done so.. 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. On average their farms yields have doubled (see chart below). And yet, he can't seem to wrestle free of the internet's villainous conspiracies against him. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. With $22 million in . 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. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. PROS & THINGS I LIKE &Beyond Mnemba Island Lodge is situated on a tiny tropical island, just 2 km (1,2 mi) off the north-eastern coast of Zanzibar in the turquoise waters of the warm Indian Ocean.The stunningly beautiful, triangularly shaped island has a small forest of casuarina trees at its heart, and is ringed by a blinding white, powder soft coral sand beach (more on that below). Bill Gates is working hard to prove he's a great guy. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Although Gates owns these farms, he isnt changing their practices. Inside Frogmore Cottage: Plush home Harry and Meghan have been 'evicted' from by King Charles boasts a roomy Sussexes' cheerleader Omid Scobie says Frogmore Cottage was Harry and Meghan's 'one remaining space in UK' A royal princess at Eton? By clicking Sign up, you agree to receive marketing emails from Insider Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter says. Her new house is made of brick and has a tin roof and two bedrooms. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Gear-obsessed editors choose every product we review. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. He assigned his research team to dig a little deeper. Bill Gates' Mega House - $154 Million. 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. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. The agriculture sector is important. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. But the purchaser of record was a small, obscure company in Louisiana. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Why does Bill Gates now own more than 240,000 acres across the country? Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all U.S. farmland in his 11th appearance in an . Gates' interest in farmland is still strong. 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 has been asked about his farmland purchases before. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. 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. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 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 . 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