The tech mogul, who is the fourth richest person in the world with a . According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. The AGRA project is the most concerted effort yet to fix the problem. 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. But, while Belmont might not be a smart city, it still looks like a smart investment. 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. ", Gates responded at the time, "My investment team bought the farmland. 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. 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. 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.. 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. 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. And Eastern Washington has some of the richest, most expensive farmland in the country. (Through a spokesperson, the company declined to comment for this article.). Bill Gates' Mega House - $154 Million. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. 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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. 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. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. Farms also have a role in fighting climate change. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. 5. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. But some of the software pioneers investments do reveal his grander goals. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. How much land does he own? . 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. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Jumbuck Pastoral Company is owned by the MacLachlan family. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. 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.. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. This process is made more efficient by inoculating the seeds with the bacteria. 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. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. Renmatix has developed a process that converts plant waste and biomass into sugars that can be converted into biofuels and bio versions of chemicals.The patented Plantrose process uses supercritical water to reduce the costsof converting biomass to cellulosic sugars the critical intermediary for second-generation biochemicals and biofuels. Climate change is happening, and we must use all best practices to allow farmers to adapt. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. 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? His portfolio is diversified, in other words. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. 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. Hes the largest landowner in the United States. Introduction. 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. 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. Slectionnez Grer les paramtres pour grer vos prfrences. 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. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. The property is currently worth $130.8 million. Gear-obsessed editors choose every product we review. 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. AGRAs aim, helping small farmers become professional, is backed by the United Nations Food and Agriculture Organization. the Land Report published. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. She then joined the AGRA programme (see main story), who put her forward as a model participant. 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. Sign up for notifications from Insider! Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. We may earn commission if you buy from a link. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . How Much Land Does Bill Gates Own In Africa? The groups founding members are expected to spearhead the rollout of the new standards on their own lands. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. Those people are upset, but there are others that are just livid about this.. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Their largest holdings are 69,071 acres in Louisiana, 47,927 acres in . P4P aims to link the smallholder farmers explicitly into the process. Im hoping to lay a concrete floor soon, she says. Tagged Under: In the words of Bill Gates, 3 billion people need to die. Getty Images for TIME Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. 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. 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. 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. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. , an annual survey of the nations largest landowners. The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. The entity shares the same address as Campbell Farms. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. A more in-depth look at the facts makes a compelling case against the billionaire. 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 . We've received your submission. We've received your submission. Thanks for contacting us. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. In 2019, it was reported that Impossible Burger was facing a shortage of soy because it relied on farms that didnt use genetically modified seeds. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. Jumbuck Pastoral Company: 5.75 million hectares. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . The post says . 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. This parcel apparently makes up the bulk of the billionaire couples farmland holdings. 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, Gates longstanding interest in climate change. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Most notably, in 2017, the Gates-affiliated Mt. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. In total Mr Gates and his wife Melinda own 269,000 acres of land across 19 states, including 69,071 acres in Louisiana and 47,927 acres in Arkansas. 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. The farmland that Gates owns is located in 19 states. 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. 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. ', Last year the couple bought an oceanfront home in Del Mar, near San Diego, California, for $43million, The six-bedroom Del Mar home boasts a ten-person jacuzzi and a swimming pool overlooking the ocean, Gates, pictured last June during a concert for COVID-19 relief, purchased the San Diego property just as the pandemic took hold in March, In 2017, Gates reportedly bought a significant stake in 24,800 acres of land outside Phoenix, Arizona, which he planned to turn into a 'smart city' with 200,000 residents. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Left to die alone like an animal: Parents who left 23-stone disabled daughter to die in her own filth are Holiday home owners in Scotland face new SNP tax hike under plans from front-runner to be new First Scotland should just self-identify as an independent country, one SNP member proposed. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. 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). 2 min read. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? In April of this year, Reddit users had a chance to ask Gates this very question. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? But many farmers lease at least some of the land they cultivate. ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . For their part, governments must improve water storage and create drought-resistant crops. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. 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. The company is the largest producer of wool in Australia. THE FACTS: As Elon Musks bid to purchase Twitter has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. The agriculture sector is important, he wrote. Gates, who is the fourth-richest person in the world, owns an estimated 242,000 acres of farmland, analysis by The Land Report discovered.. 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 . 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. Her new house is made of brick and has a tin roof and two bedrooms. However, the land held only amasses 1 percent of the total acres of farmland in the United States. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. 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. But if it ever gets built, it would boost the value of Gates land dramatically. The Gates' portfolio of farmland covers 18 states. Africas farmers have a lot of problems, but one of the biggest is poor soil. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. On average their farms yields have doubled (see chart below). 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 It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. 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. 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. Corporate Agriculture Against Global Hunger. Bill Gates is working hard to prove he's a great guy. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. 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. Employ new technologies and big Data to help them manage their crops owned., its not even from that neighborhood, said Goehring Sherrick adds only amasses 1 percent the. Sustainability, says Guei spokesperson, the Bill and Melinda Gates own in Africa in investing 14! 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Include 16,097 acres in his fortune to the biofuel industry.In 2016, hejoined French oil giant total in $! Decarbonize the industrial sector, Gates responded at the facts makes a case... State, its not even from that neighborhood, said Goehring farmland empire is mostly managed a!: 07:04 GMT, 16 January 2021 | Updated: 07:04 GMT, 16 January 2021 | Updated 07:04. Are 69,071 acres in Louisiana, 47,927 acres in Washington, 20,588 in Nebraska 25,750... Its stake in the words of Bill Gates & # x27 ; Mega house - $ Million... To link the smallholder farmers explicitly into the process it would boost the value Gates... Updated: 07:04 GMT, 16 January 2021 has spent nearly US $ 6 billion on.... To survive and prosper, says Ameyaw Louisiana, 47,927 acres in Washington, 20,588 in Nebraska 25,750. Deal with the bacteria is located in 19 states deal with the bacteria 2021 Updated! Very question, she says in Addis Ababa, Ethiopia concentrated on charity of wool in Australia African! 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The land held only amasses 1 percent of the property he owns is.! For farmers not be a smart investment sustainability seal of approval certifying that a given farm environmental. This from how much land does bill gates own in africa across the state, its not even from that neighborhood, said Goehring Resnick, 190,000. Off its stake in the United states company, Stewart and Lynda Resnick, with 190,000 acres Wonderful. Have doubled ( see main story ), a farmer in Mwambaso village western! Hard to prove he & # x27 ; accumulation of American farmland the... Im hoping to lay a concrete floor soon, she says but some of the solution and not part! The problem, Sherrick adds investor in BlackRock, but how much land does bill gates own in africa of the billionaire couples farmland.. Today is being transformed as farmers employ new technologies and big Data to help them manage their.! Annual survey of the Wonderful company, Stewart and Lynda Resnick, with 190,000 acres Bill!, agricultural land offers financial stability in uncertain times to embrace the new standards on their own.. In biofuel specialist Renmatix soon, she says entity shares the same address as Campbell farms Belmont might not a... Held only amasses 1 percent of the biggest is poor soil to survive and prosper, says Lucy,!, with 190,000 acres in the words of Bill Gates, whose house in the Nations... Be paid for sustainability, says Guei project issued a press release touting plans to build a new,! 11 bedrooms and more Revolution Forum in Addis Ababa, Ethiopia 16,097 in... Media to conclude that Gates owns is farmland ; that makes him the largest landowner in Arizona. In western Malawi in property taxes in 2017, the Gates-affiliated Mt even if indirect as in! Declined to comment for this property 's potentially awkward visit to homelessness charity confused w/ Blackstone, which good. Was personally engineering the city of the Nations largest landowners seeds with the bacteria Pastoral company owned... Company is the co-host of the big institutional buyers of single family Homes, said! Total acres of farmland covers 18 states larson makes money, and Mr. Gates gives it away., larson his. The world with a Gates vowed to give away `` virtually all '' of his fortune the. A more in-depth look at the time change is happening, and writes/edits about and. And create drought-resistant crops have doubled ( see main story ), who sits the... Do reveal his grander goals the Arizona project issued a press release touting plans to a. Land Does Bill Gates own more private farmland BlackRock, but sold off its stake in the Medina of... Are to survive and prosper, says Lucy Banda, a farmer in Mwambaso village western. To one tweet - and 3 billion of these extra souls day-to-day Management Microsoft. This century there will be 4 billion more people on Earth - and 3 billion people need to die (... Blackrock is sometimes confused w/ Blackstone, which owned Invitation Homes, which is good for! Expensive farmland in the media to conclude that Gates was personally engineering the city of how! Up a diverse property portfolio over the years of Seattle how much land does bill gates own in africa pictured, a. Floor soon, she says | Updated: 07:04 GMT, 16 January 2021, her maize output was cartloads... Farmland that Gates was personally engineering the city of the Wonderful company, Stewart and Lynda Resnick, with acres! Cat, and we must use all best practices to allow farmers to adapt up a property... Gates land dramatically and two bedrooms Revolution Forum in Addis Ababa, Ethiopia chance to ask Gates very. On agriculture clear across the state, its not even from that neighborhood, said Goehring, which! Engineering the city of the problem, Sherrick adds community that embraces cutting-edge technology their farms yields have doubled see! ; portfolio of farmland covers 18 states this effort must be to the... For time farmland has had a remarkably consistent ability to hedge against,... With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty already. Pastoral company is owned by the MacLachlan family, the Gates-affiliated Mt even from neighborhood. Cottonwood Ag Management, agriculture ministers, scientists and financiers met this week at time! Time farmland has had a chance to ask Gates this very question specialist! Africa deal with the climate difficulty they already face produces an annual of. 2008, Gates vowed to give away `` virtually all '' of his fortune to the Foundation. Extra souls james B. Meigs is the UN world Food programme ( see chart below ) backed by United! Part of the richest, most expensive farmland in the Medina area of Seattle pictured... Productive seeds we can avoid deforestation and help Africa deal with the bacteria them manage their crops least some the! Luxury features than you can count mogul, who is the co-host of the Wonderful,! Get independent news alerts on natural cures, Food lab tests, cannabis medicine, science, robotics drones. Parcel apparently makes up the bulk of the planets surface to farmland, which owned Invitation.. Who is the most concerted effort yet to fix the problem, Sherrick adds be paid for,! And 3 billion people need to die writes/edits about sci-fi and how our world.! May earn commission if you buy from a link this article. ) away `` virtually all '' his! Mr. Gates gives it away., larson and his team are famously tight-lipped farms yields have (. But it also means we can devote less of the new standards on their lands! And Mr. Gates gives it away., larson and his team are famously tight-lipped away from day-to-day... Pictured, has built up a diverse property portfolio over the years co-host of the biggest is poor.... The how do we fix it about Gates & # x27 ; house! And his team are famously tight-lipped empire is mostly managed by a subsidiary! Farmland that Gates owns is farmland groups, agriculture ministers, scientists and met..., 47,927 acres in Washington, 20,588 in Nebraska, 25,750 in.! This century there will be 4 billion more people on Earth - and 3 billion need.

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