Bill Gates is working hard to prove he's a great guy. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. As early as April 2021, Gates received flak for expressing his reluctance about sharing COVID-19 . In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. Jumbuck Pastoral Company is owned by the MacLachlan family. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. 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. At least thats what the developers partnered with Gates investment group have promised. Oscar Cainer tells all. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Hearst Magazine Media, Inc. All Rights Reserved. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. Although Gates owns these farms, he isnt changing their practices. New Scientist went to press before the meeting finished. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. It has been very fulfilling for me and is my full time job," Gates continued. The comments below have not been moderated. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonald's. And in Florida, farmers grow carrots on their property. Farms also have a role in fighting climate change. It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. The same logic likely holds for Gates Arizona acquisitions. Bill Gates helped usher in the digital revolution at Microsoft, and has spent the decades since exploring - and investing in - innovative solutions to some of the world's toughest problems . 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. Another notable acquisition was Cascade's $170 million purchase of 14,500 acres of farmland in Washington state from John Hancock Life Insurance in 2018. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. 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. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. Gates responded: "I own less than 1/4000 of the farmland in the US. The company also took to Twitter to reject the false narrative. The landowners can include investors like Gates. As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. 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. The outlet reported this week that Gates, 65, owns 268,984 acres of land . Thanks for contacting us. This article will go into detail about how much land Bill Gates owns and why he owns so much. We've received your submission. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. We invest in the farms to raise productivity. 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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. The 2,100 acre potato farm adds to his massive portfolio of farm investments. 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If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. Get the world's best independent media newsletter delivered straight to your inbox. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. He now owns more farmland than my entire Native American nation This article appeared in print under the headline Bringing Africas farms back to life, Explore the latest news, articles and features, Island-hopping cougars swim kilometres through icy water off US coast, This new version of quantum theory is even stranger than the original. from February that showed there were more than 895 million total acres of farmland in the country last year. The vision is to produce more efficiently, but to be aware that climate change is happening, and that we must use all best practices to allow farmers to adapt, says Guei. 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. 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. 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. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). . For now, though, all that smart city talk is more than a little premature. 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. 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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. The agriculture sector is important, he wrote. PROS & THINGS I LIKE &Beyond Mnemba Island Lodge is situated on a tiny tropical island, just 2 km (1,2 mi) off the north-eastern coast of Zanzibar in the turquoise waters of the warm Indian Ocean.The stunningly beautiful, triangularly shaped island has a small forest of casuarina trees at its heart, and is ringed by a blinding white, powder soft coral sand beach (more on that below). 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. Investment guru Michael Larson, who has worked with Gates since 1994, runs the Washington-based Cascade Investment, as well as supervising the Bill and Melinda Gates Foundations nearly $50 billion endowment. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Gates' interest in farmland is still strong. African smallholders are often isolated, unable to get credit or find buyers for their produce. The Gates' portfolio of farmland covers 18 states. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Gates has been buying land like it's going out of style. And it tends to be negatively correlated against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up. 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