how much land does bill gates own in africa

In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. Watch on. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. Gates owns a 4.5 acre ranch in Wellington, Florida. 5. The . The project isnt yet funded. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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 . Another is the possibility of cost competitive biofuels. Reed family: Land area: 1.7 million acres. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. 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. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. 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 financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. Given that Gates is the third-richest person in the world with an estimated net worth of $132 billion, he falls in behind Tesla founder Elon Musk and Amazons Jeff Bezos those money managers have their hands full. In total Mr Gates and his wife Melinda own 269,000 acres of land across 19 states, including 69,071 acres in Louisiana and 47,927 acres in Arkansas. 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. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. That means Bill Gates owns 378 square miles of the United States. The company is the largest producer of wool in Australia. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. 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'. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. 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.. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. Since it works as an investment for him, it also includes the benefits of using land as an . AGRA farms are key suppliers, says Gudmunds. AGRA has provided advice and expertise for 155 such groups in Ghana alone. A more in-depth look at the facts makes a compelling case against the billionaire. To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. One of the consequences of farm operators not actually owning their land is figuring out where farm subsidy money goes; much of it trickles to the actual owner of the land, who may just be treating farmland as a basic real estate investment. 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.. From these initial three countries, the programme has expanded to 18. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). The company also took to Twitter to reject the false narrative. 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. The 65-year-old responded by declaring his . In 2019, it was reported that Impossible Burger was facing a shortage of soy because it relied on farms that didnt use genetically modified seeds. 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 new green economy will mean new opportunities for land owners, OKeefe believes. North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. How Much Land Does Bill Gates Own In Africa? 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. 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. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. Climate change is happening, and we must use all best practices to allow farmers to adapt. AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. This process is made more efficient by inoculating the seeds with the bacteria. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. 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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. Bill Gates is now the largest private farmland owner in the United States, according to a new report. If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. Stan Kroenke: Land area: 1.4 million acres. In total, Mr Gates and his wife Melinda own 269,000 acres of land across 19 states, including 69,071 acres in Louisiana and 47,927 acres in Arkansas. And in Africa, there's a particularly prominent initiative driving corporate agriculture's agenda Bill Gates's Alliance for a Green Revolution in Africa (AGRA). 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. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. 2 min read. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. . Without innovation, we will not solve climate change, Gates said. She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Most of us imagine farmers tilling the soil that has been in their families for generations. 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. 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. She then joined the AGRA programme (see main story), who put her forward as a model participant. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. But if it ever gets built, it would boost the value of Gates land dramatically. That can mean better yields with decreased use of fertilizers and pesticides. 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. That means Gates, whose net worth is estimated at some $134 billion. of the richest people in the country, owns less than one percent of the nations total farmland. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. The landowners can include investors like Gates. On average their farms yields have doubled (see chart below). The nearby community of Buckeye has grown more than tenfold in the last 20 years. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. 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