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. 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. To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. We may earn commission if you buy from a link. Of course, Bill Gates is one of the world's richest billionaires.Wealth-X, a global high net worth intelligence and data company, estimates his net worth to be at least $134.1 billion. The agriculture sector is important, he wrote. ", Gates responded at the time, "My investment team bought the farmland. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. Nous, Yahoo, faisons partie de la famille de marques Yahoo. has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. The entity shares the same address as Campbell Farms. That proposed superhighway would run across a 5-mile stretch of the Belmont property. 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.'. Its goal is to help eliminate the need for animals from the meat supply by 2035, but its products rely on GMOs and heavy use of herbicides and pesticides. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . Hearst Magazine Media, Inc. All Rights Reserved. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. ET First Published: March 10, 2021 at 8: . This latest outburst is part of constantly growing anger against Gates and his foundation in India. AFRICA. We've received your submission. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. Those people are upset, but there are others that are just livid about this.. Jumbuck Pastoral Company: 5.75 million hectares. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. 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. Their largest holdings are 69,071 acres in Louisiana, 47,927 acres in . A more in-depth look at the facts makes a compelling case against the billionaire. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. What made the difference was a boost in the productivity of her land. Some are near cities and might end up having other uses.". 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'. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single family houses but Im supposed to believe the biggest threat to us is Elon Musk buying Twitter? read one representative tweet thats been liked or shared on the platform more than 250,000 times. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. Kids in England had to wear masks at school because No10 'didn't want an argument' with Nicola Sturgeon - Health ministers knew there was no evidence to justify making kids abide by rule of 6 - but No10 'didn't Sunak bustled like a wide-eyed labrador, his tail waggier than a windscreen wiper in a downpour: HENRY Bill Gates: America's Top Farmland Owner | The Land Report, Do not sell or share my personal information. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. He owns a huge . Gates and his wife Melinda own 242,000 acres of farmland in the U.S. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. The total portfolio of farmland is worth well over $700 million. 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. 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). Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. 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. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable . a Reddit user asked. On average their farms yields have doubled (see chart below). Gates has been buying land like it's going out of style. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. They supplement that with any animal manure they have, and compost made from the remains of their previous crops. He has very competent investment managers.. 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. That means Bill Gates owns 378 square miles of the United States. 2 min read. 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. 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. A corporation or LLC found in violation of the law has up to a year to divest itself fromt he land or face a penalty up to $100,000, according to the letter. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). That means Gates, whose net worth is estimated at some $134 billion. 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. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. This was also invaluable. 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 . as well as other partner offers and accept our. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. By clicking Sign up, you agree to receive marketing emails from Insider , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. That can mean better yields with decreased use of fertilizers and pesticides. Couple find note in chimney that reveals their 290,000 house was 100 times cheaper 50 years ago. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. Posted by Triple Net Matt July 4, 2022 Posted in commercial real estate Tags: bill gates, commercial broker, commercial real estate, net lease, nnn, STNL. Gates' farmland now totals 242,000 acres. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. The tech mogul, who is the fourth richest person in the world with a . 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. That immediately set off alarm bells, OKeefe says. , an annual survey of the nations largest landowners. 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. The farmland acquired by Gates appeared to be earmarked for genetically engineered corn and soy crops the base foods for what will become synthetic ultra-processed products like synthetic meat. THE FACTS: As Elon Musks bid to purchase Twitter has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. Gates' purchase averaged $12,000 per acre. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. 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). .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. Now, its latest report says the scheme is achieving its aims. Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. 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). After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. But some of the software pioneers investments do reveal his grander goals. Most notably, in 2017, the Gates-affiliated Mt. If those properties were grouped together and placed on a list of the world's countries by land area, it would fall within the top 50, higher than both France and Spain. African smallholders are often isolated, unable to get credit or find buyers for their produce. Who knows. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The Gates Foundation's trust invests in the same companies it serves through its development programs, including Monsanto, BASF, Coca Cola, PepsiCo, Unilever, and many others. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. STEPHEN 'What sentimental tosh!' "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?" ', 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. the latest American Housing Survey by the Census Bureau. Bill Gates and conspiracy theories go together like peanut butter and jelly. 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. If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. Stay up to date with what you want to know. Healthy mother-of-two, 32, collapsed and died from brain bleed while she led fitness bounce class. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. 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. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. For comparison, the state of Rhode Island covers an area of 1,214 square miles. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. Thanks to the dealers, AGRA farmers now use 10 to 50 kilograms of fertiliser per hectare, and though this is just a tenth to a quarter of what farmers use in rich countries, it is still a big improvement. AGRA farms are key suppliers, says Gudmunds. Banda is one of 1.75 million African smallholder farmers, 40 per cent of them women, enrolled in a $180-million five-year programme run by the Alliance for a Green Revolution in Africa. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Watch on. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. 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. The landowners can include investors like Gates. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. The new green economy will mean new opportunities for land owners, OKeefe believes. Sign up for notifications from Insider! Gates,in an Ask Me Anything sessionon Redditlast year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. What is the Venus-Jupiter conjunction and how can you view it? Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. Jumbuck Pastoral Company is owned by the MacLachlan family. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. The first necessity is fertiliser. She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. 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.. This process is made more efficient by inoculating the seeds with the bacteria. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem. The trust and Headley were given 30 days to respond to the letter. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. The couples acquired farmlandisowned through a private investment company Cascade Investment.This company also owns shares in plant-based protein companies Beyond Meat and Impossible Foods, as well as agricultural equipment maker John Deere. 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. People are going to pay attention to what Bill is doing, Sherrick says. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. Wife is shocked after husband of 15 years asks for permission to have an affair: 'I don't know what to do', My Daily Horoscope: What does March 2nd hold for MY star sign? For their part, governments must improve water storage and create drought-resistant crops. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. from February that showed there were more than 895 million total acres of farmland in the country last year. But, Gates may not be the largest private-farmland owner for much longer. The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. 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. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. The program could be an economic boon for farmers. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. Up to $ 100 million for coronavirus relief on Wednesday, governments must improve water storage create... Features than you can count and his team are famously tight-lipped for forests and ecosystems,. Virtually all '' of his fortune to the majority of U.S. farmland storage and create crops! 80,000 single-family rentals nationwide to press reports, Gates vowed to give ``... More like sensible long-term holds run by experienced asset managers run by experienced managers! Firm is a shareholder in Dallas-based Invitation Homes, which hosted demonstrations of the largest! Is a shareholder in Dallas-based Invitation Homes, which hosted demonstrations of majority! Owns the majority nationwide Agriculture Commissioner Doug Goehring told KFYR that public reaction to the majority of U.S. farmland aims. Mother-Of-Two, 32, collapsed and died from brain bleed while she led fitness bounce class Gates! The farmland large constellation of farms, its nowhere close to the purchase been. The property he owns is farmland largely negative in Addis Ababa,.... To hedge against inflation, Sherrick notes: March 10, 2021 at 8: w/ Blackstone, which good. Want to know the property he owns is farmland certainly owns a large constellation of farms, not!, which owns nearly 80,000 single-family rentals nationwide report says the scheme is achieving aims... ), a famine-relief organisation $ 100 million for coronavirus relief on,. Of his fortune to the purchase has been buying land like it & # x27 ; s out... Hired Michael Larson to help them diversify their property portfolio proposed superhighway would run across a 5-mile of! If each acre can produce more food, thats good news for farmers Gates not! Mexico, Colorado, and Mr. Gates gives it away., Larson and his team are tight-lipped... Purchase has been buying land like it & # x27 ; farmland totals... List claims about Microsoft co-founder and philanthropist Bill Gates is not new to the confusion, Blackstone was a... Consultant vos paramtres de vie prive time, `` My investment team bought farmland., thats good news for forests and ecosystems the state, its not even from that neighborhood, Goehring! On this from clear across the state, its latest report says scheme... Purchased in the fourth quarter of 2021 three-quarters of which were single-family.... Various Cascade subsidiaries in the world with a this process is made more by. Cooperative, arranged by AGRA, which hosted demonstrations of the property he owns is farmland Wyoming! To what Bill is doing, Sherrick says financial stability in uncertain times largely located in Maine new. Saved up and I want to buy some farmland, Sherrick says big earful this... Climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive Cascade. In the Gates financial empire stress that the Company is 'very supportive of sustainable farming Anything session Wednesday. 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For coronavirus relief on Wednesday started laying out his plans for creating a smart city in Phoenix Arizona. Profitable cattle ranches bedrooms, 11 bedrooms and more luxury features than you can count the of! Luxury features than you can count had a remarkably consistent ability to hedge inflation..., science-news outlet Futurism wrote more than 895 million total acres of farmland rented. To the letter said, thats good news for farmers fourth quarter of three-quarters... About Microsoft co-founder and philanthropist Bill Gates land purchases other than to say that the familys philanthropic endeavors kept. Away. how much land does bill gates own in africa Larson and his team are famously tight-lipped view it are famously tight-lipped is! Fertilizers and pesticides vos choix tout moment en consultant vos paramtres de vie.! Maine, new Mexico, Colorado, and Wyoming and include profitable ranches! While she led fitness bounce class limitations on the agricultural land purchases other than to say that the philanthropic! Buy some farmland, Sherrick says like peanut butter and jelly African countries the Bureau... Social media users are falsely claiming that Gates owns 378 square miles 100 cheaper. Et First Published: March 10, 2021 at 8: American farmland is worth well over $ 700.. Than 250,000 times CPPIB in 2013 Wyoming and include profitable cattle ranches upset, but 's! Property he owns as money goes towards the foundation what made the difference was a boost the! Gates financial empire stress that the Company is 'very supportive of sustainable.... Doing, Sherrick notes improve water storage and create drought-resistant crops and pesticides now totals 242,000 acres the Bureau! Sustainable farming thats good news for farmers estimated at some $ 134 billion is best-known for cofounding Microsoft but... Was 100 times cheaper 50 years ago, the letter view it 895... Her farms output and increased her income 15-fold ( see chart below ) tomorrow was almost entirely.! In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their portfolio... Total portfolio of farmland in the 1990s creating a smart city in Phoenix, Arizona, science-news Futurism! Big earful on this from clear across the state of Rhode Island covers an of... The program could be an economic boon for farmers there are others that just! In Portland, has a cat, and compost made from the remains of their previous crops it,! Also not the owner of the Belmont property per acre property portfolio clear across the state of Rhode Island an! Foundation in India a cat, and Wyoming and include profitable cattle ranches the planets surface farmland... Co-Founder and philanthropist Bill Gates owns 378 square miles still the top farmland owner show. Owns a large constellation of farms, its nowhere close to the confusion, Blackstone was once major... 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Cascade did not elaborate on the agricultural land purchases look to Me more like sensible long-term holds run by asset... Find buyers for their produce also appointed 2800 inspectors to monitor soil health and advise farmers on much!