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. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. 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. His portfolio is diversified, in other words. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . 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 . *According to figures compiled by The Land Report in 2019. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). The trustee of Red River Trust is Peter Headley, who identifies himself on his LinkedIn page as head of agriculture investment management at Investment Management Co. A 2020 article by NFU Mutual Charitable Trust claimed that Headley once headed an entity called Cottonwood, which was described as an ag-investment platform for Bill and Melinda Gates. At least thats what the developers partnered with Gates investment group have promised. 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', 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 developing world so they can lift themselves and their families out of hunger and poverty.'. So far, only eight of 54 countries have done so.. Stay up to date with what you want to know. The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. How fitting! Getty Images for TIME 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. Since it works as an investment for him, it also includes the benefits of using land as an . Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. Bill Gates' Mega House - $154 Million. The . Amazing, if truebut its extremely not. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . by Harvard Universitys Joint Center for Housing Studies. The project isnt yet funded. People want to know, Why does Bill Gates want all this land?. AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. AGRA has provided advice and expertise for 155 such groups in Ghana alone. 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. 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. John Malone is the largest private landowner in the United States. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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.. 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. 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. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. That removes a major way for actual farm operators to . Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. 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 . Those people are upset, but there are others that are just livid about this.. 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. In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. Africas farmers have a lot of problems, but one of the biggest is poor soil. Banda has also been able to buy an ox cart and pay school fees for one of her children. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. 4356, that would block any new agricultural purchases by companies that are wholly or partly controlled by the Chinese government and would ban existing Chinese-owned farms in the U.S. from drawing from federal agricultural support programs. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. 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 . In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 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. Gates owns a 4.5 acre ranch in Wellington, Florida. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. 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. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. Gates, who is the fourth-richest person in the world, owns an estimated 242,000 acres of farmland, analysis by The Land Report discovered.. Get the world's best independent media newsletter delivered straight to your inbox. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. In fact, he reportedly owns more farmland than any other individual in America. 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'. . Thanks to the dealers, AGRA farmers now use 10 to 50 kilograms of fertiliser per hectare, and though this is just a tenth to a quarter of what farmers use in rich countries, it is still a big improvement. APS ASSESSMENT: False. 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. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. That proposed superhighway would run across a 5-mile stretch of the Belmont property. 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. Hearst Magazine Media, Inc. All Rights Reserved. Now, its latest report says the scheme is achieving its aims. It is the largest charitable foundation in the world and distributes more aid for global . 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. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . Without innovation, we will not solve climate change, Gates said. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. Many believe unhinged conspiracy theorists fuel the trend. He added: 'In addition, the states oldest winery, Chateau Ste. He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. 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. Gates has been buying land like it's going out of style. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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. The program could be an economic boon for farmers. On average their farms yields have doubled (see chart below). ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s. Why does Bill Gates now own more than 240,000 acres across the country? The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. Learn more about fact-checking at AP. With $22 million in . Introduction. 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. Total acreage for Bill Gates: Well over 270,000 acres. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. African smallholders are often isolated, unable to get credit or find buyers for their produce. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Who knows. While that is . Gates . 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. He now owns more farmland than my entire Native American nation 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 . The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Slectionnez Grer les paramtres pour grer vos prfrences. 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). Its soil health programme has set up 9000 dealers within 5 kilometres of farmers to sell them the supplies they need. 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. The company also took to Twitter to reject the false narrative. The outlet reported this week that Gates, 65, owns 268,984 acres of land . The 65-year-old responded by declaring his . The solution and not just part how much land does bill gates own in africa the biggest is poor soil, 65, owns 268,984 acres land! 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