AGRAs aim, helping small farmers become professional, is backed by the United Nations Food and Agriculture Organization. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. 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He now owns more farmland than my entire Native American nation 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. 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. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. His portfolio is diversified, in other words. Gates' interest in farmland is still strong. 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.. Most notably, in 2017, the Gates-affiliated Mt. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a small part of the estimated 911 million acres of farmland in the US. of the richest people in the country, owns less than one percent of the nations total farmland. owns the patent of the COVID-19 virus. Stan Kroenke: Land area: 1.4 million acres. Another is the possibility of cost competitive biofuels. 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. But, while Belmont might not be a smart city, it still looks like a smart investment. the latest American Housing Survey by the Census Bureau. 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. 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 . For now, though, all that smart city talk is more than a little premature. . Real estate mogul and owner of the Los Angeles Rams, Stan Kroenke, owns 1.4 million acres of land in the United States, including a 124,000 acre ranch in Montana and additional land in Wyoming. People want to know, Why does Bill Gates want all this land? , But hyper-wealthy people like Gates dont make every decision personally, OKeefe notes. Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. The . Today, the Belmont tract remains mostly empty desert. Gates, the billionaire tech mogul and philanthropist whose net worth was pegged by Bloomberg at $113 billion, has quietly amassed nearly 270,000 acres of farmland across the country, according to the Associated Press. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. the Land Report published. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. 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 . Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. Hes the largest landowner in the United States. Learn more about fact-checking at AP. According to the Winter 2020 issue of The Land Report, a quarterly magazine that tracks U.S. land sales, Bill and Melinda Gates now own 242,000 acres of farmland worth "more than $690 million . Corporate Agriculture Against Global Hunger. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. In 2018 Gates reportedly bought about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million from an insurance company that had paid $75million for it in 2010. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. AGRA has provided advice and expertise for 155 such groups in Ghana alone. But, Gates may not be the largest private-farmland owner for much longer. 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. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. 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. Expanding the AGRA scheme was set to be high on the agenda, Jama says. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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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. ET First Published: March 10, 2021 at 8: . Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. 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. He assigned his research team to dig a little deeper. 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). Gates who stepped down from day-to-day involvement with Microsoft in 2008 has long been looking for ways to help the worlds poorest and to address the planets environmental challenges. We've received your submission. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. Gates' purchase averaged $12,000 per acre. 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. 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. Banda has also been able to buy an ox cart and pay school fees for one of her children. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. 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