than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. BlackRock also does not own the majority of the countrys 80 million single-family homes. Hearst Magazine Media, Inc. All Rights Reserved. That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. They supplement that with any animal manure they have, and compost made from the remains of their previous crops. Farms also have a role in fighting climate change. What made the difference was a boost in the productivity of her land. The agriculture sector is important, he wrote. 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. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. An entity with ties to billionaire Bill Gates bought 2,100 acres of potato farmland in northern North Dakota prompting the states top prosecutor to intervene after complaints from local residents. The 65-year-old responded by declaring his . Gates and his wife own 269,000 acres of farmland. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. The program could be an economic boon for farmers. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Her new house is made of brick and has a tin roof and two bedrooms. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. Most of us imagine farmers tilling the soil that has been in their families for generations. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. 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. AGRA farms are key suppliers, says Gudmunds. 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. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. One other use for the farmland Gates has acquired is to grow crops for biofuels. While that is . BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. 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. He added: 'In addition, the states oldest winery, Chateau Ste. Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. His portfolio is diversified, in other words. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. 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. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. . Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. 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. Introduction. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. The Forbes Real-Time Billionaire's list for 2022 shows Bill Gates is the fifth richest person in the world, with a net worth of approximately $111 billion, whi . 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 option does not identify how much land . Today, Bill Gates owns 242,000 acres of farmland in 19 states. Grinning and bearing it? A single square mile contains 640 acres. Impossible Foods makes plant-based protein that can be fashioned into burgers. 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. Tagged Under: Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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 . Bill Gates' Mega House - $154 Million. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. The largest parcel, a proposed 24,800-acre development known as Belmont, might someday contain 80,000 homes, along with offices, retail, industrial and logistics facilities. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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. 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. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. (Related:Why is Bill Gates buying up farmland across America?). Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). the latest American Housing Survey by the Census Bureau. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. Bill Gates and conspiracy theories go together like peanut butter and jelly. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. 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. . the Land Report published. But many farmers lease at least some of the land they cultivate. Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. 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. The agriculture sector is important. 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. Stan Kroenke: Land area: 1.4 million acres. Access your favorite topics in a personalized feed while you're on the go. African smallholders are often isolated, unable to get credit or find buyers for their produce. ET First Published: March 10, 2021 at 8: . 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. From these initial three countries, the programme has expanded to 18. That makes January 13, 2000, a key date in "Bill Gates history," because it's the day he stepped down as CEO of Microsoft and began to devote himself to becoming one of the world's most-celebrated . Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. Soon they came back with the answer: The Louisiana company was acting on behalf of Cascade Investment LLC, the secretive investment firm that manages most of the huge fortune belonging to Bill Gates. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. The agriculture sector is important, he wrote. buying an increasing share of the U.S. housing market. 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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. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. 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. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. *According to figures compiled by The Land Report in 2019. 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 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. 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). 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. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. With $22 million in . In six years that number has more than doubled. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. He warned us about a pandemic, he dedicates . This isn't the first time Gates has called for higher taxes on the wealthy. Renmatix provides an innovative process that is an exciting pathway to pursue., He has not elaborated on his plans yet, but Gates will apparently use plant waste and biomass from his farmland to develop biofuels. The post says . While private companies and corporations are increasing . His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. APS ASSESSMENT: False. Deploying high-yield . We may earn commission if you buy from a link. The company also took to Twitter to reject the false narrative. That can mean better yields with decreased use of fertilizers and pesticides. That works out to about $11,790 per acre . According to the Journal, they are even discouraged from using Facebook and other social-media platforms. The comments below have not been moderated. 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. 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. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. 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. 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 . James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. The tech mogul, who is the fourth richest person in the world with a . Gates owns over 242,000 . Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . 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. a Reddit user asked. 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. Total acreage for Bill Gates: Well over 270,000 acres. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. 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. Hosted demonstrations of the FAO in Rome, Italy makes plant-based protein that can be fashioned burgers. 'Munich Security Conference ' in Munich, Germany, Friday, Feb. 18, 2022 large tracts in,! 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