Bill Gates is now the largest private farmland owner in the United States, according to a new report. BlackRock also does not own the majority of the countrys 80 million single-family homes. , an annual survey of the nations largest landowners. With the Washington state acreage and other recent additions to his portfolio, OKeefe calculated, Gates now owns at least 242,000 acres of American farmland. Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. 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. Otherwise, Id have missed out on the information that has transformed my life, she says. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. We've received your submission. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. 'Gorilla Glue girl' Tessica Brown finds breast lumps befor 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting, Chicago's top cop quits one day after woke mayor lost re-election bid, Influencer refuses to switch business class seats so family can sit together, RHOA star Drew Sidora accuses ex Ralph Pittman of cheating, mental abuse, Original Gone With The Wind script reveals secret war over slavery, cut scenes, Drake regrets disrupting someones life by name-dropping exes in his songs, Good luck 'worming' your way out of this one, Sunny Hostin Points Finger at China for COVID Crisis: Did Not Cooperate With the International Community, 'Disgraceful' Meghan, Harry 'provoked' King Charles to evict them: royal expert. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. . A more in-depth look at the facts makes a compelling case against the billionaire. 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. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Those people are upset, but there are others that are just livid about this.. ', 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. 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. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. But the purchaser of record was a small, obscure company in Louisiana. the latest American Housing Survey by the Census Bureau. 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.. *According to figures compiled by The Land Report in 2019. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. Gates, the billionaire tech mogul and philanthropist whose net worth was pegged by Bloomberg at $113 billion, has quietly amassed nearly 270,000 acres of farmland across the country, according to the Associated Press. 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. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. 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. Thanks for contacting us. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. 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. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. 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. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. While that is . 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). The 65-year-old responded by declaring his . In total he owns 268,984 acres of land of all types in 19 states, including a suburb up for development - as a so-called 'smart city' - outside Phoenix, Arizona. That means Gates, whose net worth is estimated at some $134 billion. Gates has been buying land like it's going out of style. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. Banda is one of 1.75 million African smallholder farmers, 40 per cent of them women, enrolled in a $180-million five-year programme run by the Alliance for a Green Revolution in Africa. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . According to Bruce Sherrick, a professor of agricultural economics at the University of Illinois at Urbana-Champaign, about 60 percent of row-crop farmland in the Midwest is leased. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". How Much Land Does Bill Gates Own In Africa? Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable . "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?" In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . The new green economy will mean new opportunities for land owners, OKeefe believes. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. This isn't the first time Gates has called for higher taxes on the wealthy. 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. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. 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. The property is currently worth $130.8 million. That means Bill Gates owns 378 square miles of the United States. He owns a huge . BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. That can mean better yields with decreased use of fertilizers and pesticides. 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. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Bill Gates and conspiracy theories go together like peanut butter and jelly. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. The tech mogul, who is the fourth richest person in the world with a . I have invested in these farms to make them more productive and create more jobs. For their part, governments must improve water storage and create drought-resistant crops. from February that showed there were more than 895 million total acres of farmland in the country last year. 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. It isless than .1% of all US farmland because the ownership is so diverse. 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. Purchased fromMadeleine Pickens, the former wife of Texas billionaire T. Boone Pickens, the property deal is one of the largest ever recorded in the area,The Wall Street Journalreported. 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. Access your favorite topics in a personalized feed while you're on the go. Gates' purchase averaged $12,000 per acre. The total portfolio of farmland is worth well over $700 million. Although Gates owns these farms, he isnt changing their practices. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. Bill Gates is working hard to prove he's a great guy. The agriculture sector is important, he wrote. 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. (Related:Why is Bill Gates buying up farmland across America?). He assigned his research team to dig a little deeper. Without innovation, we will not solve climate change, Gates said. North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. But, while Belmont might not be a smart city, it still looks like a smart investment. African smallholders are often isolated, unable to get credit or find buyers for their produce. P4P aims to link the smallholder farmers explicitly into the process. Healthy mother-of-two, 32, collapsed and died from brain bleed while she led fitness bounce class. The project isnt yet funded. 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. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. 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 . The same Gates Foundation which is behind every aspect of the COVID-19 pandemic from financing much of the WHO budget, to investing in favored vaccine-makers like Moderna, is engaged in a major project in Africa which is destroying traditional small farmer production of essential food crops in favor of monoculture crops and introduction of expensive chemical fertilizers and GMO seeds that are . So far, only eight of 54 countries have done so.. She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. But many farmers lease at least some of the land they cultivate. He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. 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. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. 5. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. 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. 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. Conclude that Gates was personally engineering the city of the solution and just. Lease at least some of the countrys 80 million single-family Homes his massive of... Well over $ 700 million and 1,234 acres of farmland: seed science and biofuel development transformed.. And increased her income 15-fold ( see a life transformed ) 177 million acres or... 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