In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. According to the Winter 2020 issue of The Land Report, a quarterly magazine that tracks U.S. land sales, Bill and Melinda Gates now own 242,000 acres of farmland worth "more than $690 million . In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. For now, though, all that smart city talk is more than a little premature. Stan Kroenke: Land area: 1.4 million acres. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. That works out to about $11,790 per acre . The booming population of Africa looms over his foundation's latest global survey. The same logic likely holds for Gates Arizona acquisitions. 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. That means Gates, whose net worth is estimated at some $134 billion. 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 . Impossible Foods makes plant-based protein that can be fashioned into burgers. 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. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Learn more about fact-checking at AP. Gates' interest in farmland is still strong. 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. 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. Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. 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. a Reddit user asked. As early as April 2021, Gates received flak for expressing his reluctance about sharing COVID-19 . But many farmers lease at least some of the land they cultivate. Groups of 15 to 25 smallholders are also being encouraged to form collectives. 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. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. from February that showed there were more than 895 million total acres of farmland in the country last year. 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. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. 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 . 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). 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. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. So far, only eight of 54 countries have done so.. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). 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.. Here are all the companies owned by Bill Gates in 2022. We invest in the farms to raise productivity. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single family houses but Im supposed to believe the biggest threat to us is Elon Musk buying Twitter? read one representative tweet thats been liked or shared on the platform more than 250,000 times. 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. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . 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. This boosted Bandas annual income from $50 to $750 last year. It is the largest charitable foundation in the world and distributes more aid for global . Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. 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. The landowners can include investors like Gates. And Eastern Washington has some of the richest, most expensive farmland in the country. Since it works as an investment for him, it also includes the benefits of using land as an . Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. Get the world's best independent media newsletter delivered straight to your inbox. 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. ", Gates responded at the time, "My investment team bought the farmland. 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 moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. Public records cited by AgWeek show that the Gates-linked Red River Trust bought the farmland from the owners of Campbell Farms, a potato farming group that is headquartered in Grafton, North Dakota, which is about 50 miles from the Canadian border. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). 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You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. 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. Gates and his wife Melinda own 242,000 acres of farmland in the U.S. She then joined the AGRA programme (see main story), who put her forward as a model participant. Gates and his wife paid almost $171 million for 14,500 acres of farmland in the Horse Heaven Hills of Benton County, Wash., according to The Land Report. 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. Now, its latest report says the scheme is achieving its aims. African smallholders are often isolated, unable to get credit or find buyers for their produce. 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 . Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. Her new house is made of brick and has a tin roof and two bedrooms. Africas farmers have a lot of problems, but one of the biggest is poor soil. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. The trust and Headley were given 30 days to respond to the letter. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. 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In his new book, How to Avoid a Climate Disaster, Gates explains why raising beef cattle causes more harmful emissions than other forms of agriculture. '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. 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. 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. 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. Exactly true, but one of the land they cultivate decline of 20 to 40 per cent of their into..., American agriculture today is being transformed as farmers employ new technologies and Big Data to them! 250,000 times Breakthrough Energy Ventures, a real estate investment trust acquired by CPPIB in 2013 30,000 up... 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