THREE years ago, Lucy Banda and her six children lived in a two-room house made of soil dampened and tamped into a dome, with just one bedroom and a living room. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. buying an increasing share of the U.S. housing market. And Eastern Washington has some of the richest, most expensive farmland in the country. Otherwise, Id have missed out on the information that has transformed my life, she says. 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. 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. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. It was the highest priced land sale in the US that year. The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. ', 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.'. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. On average their farms yields have doubled (see chart below). 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. 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. ET First Published: March 10, 2021 at 8: . North Dakota Farmland Purchase. Who knows. The agriculture sector is important. That can mean better yields with decreased use of fertilizers and pesticides. The 65-year-old responded by declaring his . Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. Bill Gates does not own the majority of U.S. farmland. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. With $22 million in . That means Gates, whose net worth is estimated at some $134 billion. 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. Berkshire Hathaway, Inc., Waste Management, Inc., Canadian National Railway Company, Caterpillar Inc., Walmart Inc., Four Seasons Hotel and Resorts & more are the companies owned by Bill Gates. Since it works as an investment for him, it also includes the benefits of using land as an . Groups of 15 to 25 smallholders are also being encouraged to form collectives. Most of us imagine farmers tilling the soil that has been in their families for generations. Climate change is happening, and we must use all best practices to allow farmers to adapt. Now, its latest report says the scheme is achieving its aims. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. 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. The landowners can include investors like Gates. It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. . Social media users are falsely claiming that Gates owns the majority of U.S. farmland. AGRA has provided advice and expertise for 155 such groups in Ghana alone. For their part, governments must improve water storage and create drought-resistant crops. The six-bed Del Mar home, which boasts a ten-person jacuzzi and swimming pool overlooking the ocean, was bought by the couple in late Marchas the international coronavirus pandemic began to take hold. 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. It has been very fulfilling for me and is my full time job," Gates continued. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Amazing, if truebut its extremely not. Bill Gates is the largest owner of land in America and there's a food crisis.. Bill Gates is the largest investor in renewables and there's a oil shortage.. Pelham (@Resist_05) April 18, 2022 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. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. With the Washington state acreage and other recent additions to his portfolio, O'Keefe calculated, Gates now owns at least 242,000 acres of American farmland. When fully developed the area could be home to 200,000 residents and be similar in size to the Phoenix suburb of Tempe, The Land Report said. This isn't the first time Gates has called for higher taxes on the wealthy. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. This process is made more efficient by inoculating the seeds with the bacteria. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Here are all the companies owned by Bill Gates in 2022. 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 threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. NY Post Gates is said to own nearly 270,000 acres of farmland nationwide. Cascade employees almost never speak to the press. Introduction. Gates' interest in farmland is still strong. False. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. 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. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. 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. 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. Gear-obsessed editors choose every product we review. by Harvard Universitys Joint Center for Housing Studies. 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 . 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. 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.. 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. 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. So far, only eight of 54 countries have done so.. The property is currently worth $130.8 million. The project isnt yet funded. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. The tech mogul, who is the fourth richest person in the world with a . In April of this year, Reddit users had a chance to ask Gates this very question. Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. Investors generally are nevertheless buying an increasing share of the U.S. housing market. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . . AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. Without innovation, we will not solve climate change, Gates said. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. Some are near cities and might end up having other uses.". Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. He assigned his research team to dig a little deeper. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions, Gates wrote, responding to a question in Ask Me Anything (AMA) session on social media platform Reddit in March. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. Get the world's best independent media newsletter delivered straight to your inbox. 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. That removes a major way for actual farm operators to . According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. 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. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. 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. bill gates, BioFuel, biofuels, carbon dioxide, carbon emissions, clean technologies, climate change, Coronavirus pandemic, crops, decarbonized power transmission, desalinate, Energy Storage, environ, farmland, fossil fuels, genetic lunacy, GMOs, greenhouse gas emissions, harvest, plant-based protein, solar energy, synthetic meat, zero-carbon cement. 10 per cent of their spending into agriculture, says Ameyaw agricultural land purchases asked why he bought. Tech personalities we will not solve climate change and sustainability and suggested those concerns might be the. ', Cascade did not elaborate on the agricultural land purchases world 's best independent media newsletter straight... 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