how much land does bill gates own in africa

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APS ASSESSMENT: False. 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. Gates responded: "I own less than 1/4000 of the farmland in the US. This parcel apparently makes up the bulk of the billionaire couples farmland holdings. North Dakota Farmland Purchase. 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. 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 nearby community of Buckeye has grown more than tenfold in the last 20 years. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. The comments below have not been moderated. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Why is Bill Gates buying up farmland across America? 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. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. Here are all the companies owned by Bill Gates in 2022. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? False. 5. 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. 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 fact, he reportedly owns more farmland than any other individual in America. Corporate Agriculture Against Global Hunger. Nous, Yahoo, faisons partie de la famille de marques Yahoo. The entity shares the same address as Campbell Farms. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. 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. Deploying high-yield . Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. 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. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. 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. 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. In a new report, GRAIN analyses all the food and agriculture grants the foundation has made up until 2020, and reveals that while the Foundation allegedly prioritises African farmers, the vast majority of its funding actually goes to groups in North America and Europe. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. 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. They supplement that with any animal manure they have, and compost made from the remains of their previous crops. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. 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. 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. "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. 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. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. 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. 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. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. We've received your submission. Another is the possibility of cost competitive biofuels. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. AGRAs aim, helping small farmers become professional, is backed by the United Nations Food and Agriculture Organization. His environmental bent also extends to farming. 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. 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. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. 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. . It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. This latest outburst is part of constantly growing anger against Gates and his foundation in India. Less rain will be a major factor . Africas farmers have a lot of problems, but one of the biggest is poor soil. Gates . In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. 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. This article will go into detail about how much land Bill Gates owns and why he owns so much. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. by Harvard Universitys Joint Center for Housing Studies. How much land does he own? 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 . 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.. 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. 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. 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. 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. Who knows. According to mainstream media outlets like the Associated Press, there's absolutely nothing to see here as the Microsoft mogul becomes the largest private owner of U.S. farmland, having acquired as many as 270,000 fertile acres. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. This boosted Bandas annual income from $50 to $750 last year. 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. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. The Gates' portfolio of farmland covers 18 states. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. That means Gates, whose net worth is estimated at some $134 billion. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. But some of the software pioneers investments do reveal his grander goals. 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). In April of this year, Reddit users had a chance to ask Gates this very question. The company also took to Twitter to reject the false narrative. Which in turn means less impact on the environment. Without innovation, we will not solve climate change, Gates said. BlackRock also does not own the majority of the countrys 80 million single-family homes. 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. 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. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. That proposed superhighway would run across a 5-mile stretch of the Belmont property. Gates owns a 4.5 acre ranch in Wellington, Florida. We already buy 80 per cent of our produce from developing countries, but those that bid for the contracts are usually the larger companies and farms, says Ahnna Gudmunds, the schemes advocacy officer. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. , an annual survey of the nations largest landowners. Three-quarters of them live in South Asia and sub-Saharan Africa. Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. Most notably, in 2017, the Gates-affiliated Mt. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. a Reddit user asked. This process is made more efficient by inoculating the seeds with the bacteria. Impossible Foods makes plant-based protein that can be fashioned into burgers. And thats where the land purchases come in. If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. Bill Gates does not own the majority of U.S. farmland. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. While that is . 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'. Although Gates owns these farms, he isnt changing their practices. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. 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.. Hes the largest landowner in the United States. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. That works out to about $11,790 per acre . 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. The outlet reported this week that Gates, 65, owns 268,984 acres of land . But many farmers lease at least some of the land they cultivate. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. 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. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Mr. Posted by Triple Net Matt July 4, 2022 Posted in commercial real estate Tags: bill gates, commercial broker, commercial real estate, net lease, nnn, STNL. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. Jumbuck Pastoral Company is owned by the MacLachlan family. Expanding the AGRA scheme was set to be high on the agenda, Jama says. ', 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 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. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. For comparison, the state of Rhode Island covers an area of 1,214 square miles. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. John Malone is the largest private landowner in the United States. The AGRA project is the most concerted effort yet to fix the problem. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. This was also invaluable. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. He also bought farmland in Washington state in 2018, The farmland was bought by the couple, pictured at Lincoln Center in New York in 2017, mostly through their investment company, Cascade Investments, and is not connected to the Bill and Melinda Gates Foundation, which also works to help support farming. Hearst Magazine Media, Inc. All Rights Reserved. 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. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. We wont even come close.. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. AFRICA. A single square mile contains 640 acres. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? Gates is not the only billionaire on The Land Report 's list of top private farmland owners. He warned us about a pandemic, he dedicates . The risk is large. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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 . Thanks for contacting us. 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. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. Bill Gates is working hard to prove he's a great guy. One other use for the farmland Gates has acquired is to grow crops for biofuels. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. 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.. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. ET First Published: March 10, 2021 at 8: . Instead, the LDS will add another 12,000 acres to its already massive land holdings, which include over 600,000 acres in Florida alone2 percent of that state's total land mass. North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. From these initial three countries, the programme has expanded to 18. Since it works as an investment for him, it also includes the benefits of using land as an . 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. His portfolio is diversified, in other words. Bill Gates is now the largest private farmland owner in the United States, according to a new report. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three .

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