If those properties were grouped together and placed on a list of the world's countries by land area, it would fall within the top 50, higher than both France and Spain. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Why does Bill Gates now own more than 240,000 acres across the country? Africas farmers have a lot of problems, but one of the biggest is poor soil. 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. 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. Mr. 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. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. 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. appeared to be earmarked for genetically engineered corn and soy crops, converts plant waste and biomass into sugars that can be converted into biofuels, Accumulation of ammonia from agriculture linked to cloud formations over Asia, Climate change propagandist Michael Mann calls for total censorship of anyone who disagrees with him (op-ed), Bidens claim that deadly Midwestern storms stem from human-caused climate change ripped as utter bulls**t by real meteorologist, Navigator Heartland Greenway using eminent domain to seize American farmland, construct CO2-sucking machines that will deprive crops of essential nutrient in the name of climate change, Deranged Canadian doctor diagnoses patient with climate change, South Pole records its coldest six months stretch, as Arctic Sea ice volume expands, nearing 20-year record, STUDY: Injecting sulfur into the atmosphere (as Bill Gates is doing) is a recipe for climate disaster, Due to changes in solar cycles, Earth could enter a period of GLOBAL COOLING, scientists warn, Kennedy Hall: Climate change and Covid pandemic are tools of control by global elites, Like COVID-19, climate alarmism is a tool global elites wield to control our lives, Mainstream media repeats debunked climate change claims pushed by The Lancet, Transport of tropical ocean heat causes over-estimation of global average temperatures, Three studies reveal natural phenomena, not humans, behind global warming, Convenient hypocrisy: Americans pay global warming tax while China pollutes, much like the Covid vax is mandatory for US citizens while the border is wide open, Larry Hamlin: Climate emergency is the product of propaganda and politics without scientific backing, Climate alarmists hype sea level rise by 2050, claim it could be 50 times greater than actual data, Facebook fact-checkers censor peer-reviewed scientific article proving the sun, not CO2, is responsible for climate change, Expert warns of weaponized weather being used against US power grids, STUDY: Excess CO2 is greening the planet, not killing it, Exceptional drought stressing crops in American West. Three-quarters of them live in South Asia and sub-Saharan Africa. AFRICA. 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. New Scientist went to press before the meeting finished. 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 . *According to figures compiled by The Land Report in 2019. Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. 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. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. Get the world's best independent media newsletter delivered straight to your inbox. 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. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . But many farmers lease at least some of the land they cultivate. In six years that number has more than doubled. But if it ever gets built, it would boost the value of Gates land dramatically. 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. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. Hes the largest landowner in the United States. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Gear-obsessed editors choose every product we review. His environmental bent also extends to farming. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. She then joined the AGRA programme (see main story), who put her forward as a model participant. 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. It was the highest priced land sale in the US that year. The program could be an economic boon for farmers. The new green economy will mean new opportunities for land owners, OKeefe believes. 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 investment companys single largest acquisition of farmland came in 2017 when it paid $520 million to purchase 61 properties from the Canada Pension Plan Investment Board (CPPIB). How much land does he own? Gates owns over 242,000 . 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 . Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. 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. Gates and his wife own 269,000 acres of farmland. Forty percent of all children in sub-Saharan Africa are stunted. Many believe unhinged conspiracy theorists fuel the trend. The company is the largest producer of wool in Australia. owns the patent of the COVID-19 virus. 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 . Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. Gates' farmland now totals 242,000 acres. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. 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 post says . There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Grinning and bearing it? Sign up for notifications from Insider! Investors generally are nevertheless buying an increasing share of the U.S. housing market. 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. And yet, he can't seem to wrestle free of the internet's villainous conspiracies against him. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. The comments below have not been moderated. Bill Gates and conspiracy theories go together like peanut butter and jelly. 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. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Although Gates owns these farms, he isnt changing their practices. 2 min read. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. A more in-depth look at the facts makes a compelling case against the billionaire. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. The agriculture sector is important. Gates' purchase averaged $12,000 per acre. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. This process is made more efficient by inoculating the seeds with the bacteria. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Her new house is made of brick and has a tin roof and two bedrooms. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. STEPHEN 'What sentimental tosh!' Some are near cities and might end up having other uses.". Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. 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. . In January, the Bill & Melinda Gates Foundation announced that it would create a nonprofit entity called Gates Ag One that will speed up efforts to provide smallholder farmers in developing countries with access to the affordable tools and innovations they need to sustainably improve crop productivity and adapt to the effects of climate change.. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. The landowners can include investors like Gates. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . 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.. 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). You can find his previous stuff at Gizmodo and Paste if you look hard enough. AGRA has provided advice and expertise for 155 such groups in Ghana alone. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. 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. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. 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. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. Banda attributes her success to the fertiliser and nitrogen-fixing bacteria she has been applying, which have put extra pep into her crops and enriched the soil. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. 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. 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