For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. What made the difference was a boost in the productivity of her land. That can mean better yields with decreased use of fertilizers and pesticides. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. Three-quarters of them live in South Asia and sub-Saharan Africa. 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. 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. "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" 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. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. 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. 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. 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. A more in-depth look at the facts makes a compelling case against the billionaire. 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. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. That works out to about $11,790 per acre . 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. The new green economy will mean new opportunities for land owners, OKeefe believes. 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. 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. 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. North Dakota Farmland Purchase. North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. The agriculture sector is important, he wrote. 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'. 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. 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. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Stan Kroenke: Land area: 1.4 million acres. Corporate Agriculture Against Global Hunger. The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. Cascade employees almost never speak to the press. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. In fact, he reportedly owns more farmland than any other individual in America. 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. Theres a tendency in the media to personalize this, OKeefe says. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. Those people are upset, but there are others that are just livid about this.. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. Couple find note in chimney that reveals their 290,000 house was 100 times cheaper 50 years ago. This is part of a broader 269,000-acre land portfolio belonging to the couple and associated entities across 19 states, with the largest holdings in Louisiana (69,071 acres), Arkansas (47,927 acres) and Arizona (25,750 acres). By clicking Sign up, you agree to receive marketing emails from Insider In a recent episode of 60 Minutes, Gates explained that zero-carbon energy sources like nuclear power are vital in reducing the emissions that warm the atmosphere. And thats where the land purchases come in. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. While Gates appears . 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. ', Last year the couple bought an oceanfront home in Del Mar, near San Diego, California, for $43million, The six-bedroom Del Mar home boasts a ten-person jacuzzi and a swimming pool overlooking the ocean, Gates, pictured last June during a concert for COVID-19 relief, purchased the San Diego property just as the pandemic took hold in March, In 2017, Gates reportedly bought a significant stake in 24,800 acres of land outside Phoenix, Arizona, which he planned to turn into a 'smart city' with 200,000 residents. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. Instead, the LDS will add another 12,000 acres to its already massive land holdings, which include over 600,000 acres in Florida alone2 percent of that state's total land mass. False. Access your favorite topics in a personalized feed while you're on the go. Bill Gates does not own the majority of U.S. farmland. We invest in the farms to raise productivity. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. 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. Gates' purchase averaged $12,000 per acre. from February that showed there were more than 895 million total acres of farmland in the country last year. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. The company is the largest producer of wool in Australia. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . In this excerpt, Young claims that the founder of Microsoft said that 3 billion people need to be eliminated from earth, starting with Africans: "For the purpose of sterilisation and population control, there are too many people on the planet we need to get rid of. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. He added: 'In addition, the states oldest winery, Chateau Ste. 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. Impossible Foods makes plant-based protein that can be fashioned into burgers. How fitting! Slectionnez Grer les paramtres pour grer vos prfrences. appeared to be earmarked for genetically engineered corn and soy crops, converts plant waste and biomass into sugars that can be converted into biofuels, Accumulation of ammonia from agriculture linked to cloud formations over Asia, Climate change propagandist Michael Mann calls for total censorship of anyone who disagrees with him (op-ed), Bidens claim that deadly Midwestern storms stem from human-caused climate change ripped as utter bulls**t by real meteorologist, Navigator Heartland Greenway using eminent domain to seize American farmland, construct CO2-sucking machines that will deprive crops of essential nutrient in the name of climate change, Deranged Canadian doctor diagnoses patient with climate change, South Pole records its coldest six months stretch, as Arctic Sea ice volume expands, nearing 20-year record, STUDY: Injecting sulfur into the atmosphere (as Bill Gates is doing) is a recipe for climate disaster, Due to changes in solar cycles, Earth could enter a period of GLOBAL COOLING, scientists warn, Kennedy Hall: Climate change and Covid pandemic are tools of control by global elites, Like COVID-19, climate alarmism is a tool global elites wield to control our lives, Mainstream media repeats debunked climate change claims pushed by The Lancet, Transport of tropical ocean heat causes over-estimation of global average temperatures, Three studies reveal natural phenomena, not humans, behind global warming, Convenient hypocrisy: Americans pay global warming tax while China pollutes, much like the Covid vax is mandatory for US citizens while the border is wide open, Larry Hamlin: Climate emergency is the product of propaganda and politics without scientific backing, Climate alarmists hype sea level rise by 2050, claim it could be 50 times greater than actual data, Facebook fact-checkers censor peer-reviewed scientific article proving the sun, not CO2, is responsible for climate change, Expert warns of weaponized weather being used against US power grids, STUDY: Excess CO2 is greening the planet, not killing it, Exceptional drought stressing crops in American West. 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