Although Gates owns these farms, he isnt changing their practices. ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. by Harvard Universitys Joint Center for Housing Studies. How fitting! . Most of us imagine farmers tilling the soil that has been in their families for generations. The post says . Tagged Under: Africas farmers have a lot of problems, but one of the biggest is poor soil. 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 . Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. 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This isn't the first time Gates has called for higher taxes on the wealthy. The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. African smallholders are often isolated, unable to get credit or find buyers for their produce. 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. Bill Gates is working hard to prove he's a great guy. 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. 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. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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 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.. We are no longer accepting comments on this article. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. While that is . 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. Gates' purchase averaged $12,000 per acre. The booming population of Africa looms over his foundation's latest global survey. Bill Gates and conspiracy theories go together like peanut butter and jelly. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Red River Trust filed paperwork with the office of the secretary of state of North Dakota on Feb. 15 of this year. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. 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. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. From these initial three countries, the programme has expanded to 18. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. 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 group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? 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. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. Groups of 15 to 25 smallholders are also being encouraged to form collectives. 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. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. BlackRock also does not own the majority of the countrys 80 million single-family homes. The 2,100 acre potato farm adds to his massive portfolio of farm investments. The company is the largest producer of wool in Australia. People want to know, Why does Bill Gates want all this land?. 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. Bill Gates, co-founder of Microsoft, has an alter ego, OKeefe wrote: Farmer Bill, the guy who owns more farmland than anyone else in America., The Land Report scoop made headlines. Expanding the AGRA scheme was set to be high on the agenda, Jama says. 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 . James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. 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. Watch on. A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after the piece noted that the firm owns 'at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana and other states or an area seven times bigger than Manhattan.'. 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. 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. The same Gates Foundation which is behind every aspect of the COVID-19 pandemic from financing much of the WHO budget, to investing in favored vaccine-makers like Moderna, is engaged in a major project in Africa which is destroying traditional small farmer production of essential food crops in favor of monoculture crops and introduction of expensive chemical fertilizers and GMO seeds that are . Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. 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. 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. (Through a spokesperson, the company declined to comment for this article.). Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. The outlet reported this week that Gates, 65, owns 268,984 acres of land . The option does not identify how much land . As Slate financial writer Henry Grabar concluded, the proposed town of Belmont is not a city, nor is it smart, nor does the Microsoft founder appear to be involved in any meaningful way.. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. Some partners in the Arizona project issued a press release touting plans to build a forward-thinking community that embraces cutting-edge technology. There was talk of high-speed digital networks and autonomous logistics hubs. That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. 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. AGRA has provided advice and expertise for 155 such groups in Ghana alone. The last one in this top 5 of the largest landowners is once again a large Australian farmer. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. 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