Although the Bill & Melinda Gates Foundation has no ties whatsoever to Cascade or its investments, it also has a farmland initiative: Gates Ag One, which has established its headquarters in the Greater St. Louis area. For more information read our Risk Statement click here. The agriculture sector is important, he wrote. You either had to directly buy the land, pony up millions to participate in a fund or purchase farmland via a REIT. It's probably starting to make sense why Bill Gates purchased farmland in North Dakota and holds the largest private portfolio of farmland assets in America. It has been said that farmers can't afford to be pessimists. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Does the name Bernie Ebbers ring a bell? 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. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. "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?" 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. Currently, no one knows. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. These subsistence farmers can order equipment and seeds they need, paying what they can over a longer period of time. This is part of a broader 269,000-acre land portfolio belonging to the couple and associated entities across 19 US states, with the largest holdings in Louisiana (69,071 acres), Arkansas (47,927 acres), and Arizona (25,750 acres). Cell ag experts weigh in, Vertical farming should be one instrument in a farmers toolbox, not the whole operation or the farmers competition, Technology is a means, not an end in farming: Key takeaways from Indoor Ag-Con 2023, Digitizing the supply chain drove investment increase in African agrifoodtech in 2022, It will be a year of bust-ups, roll-ups and M&A: VC predictions for agrifoodtech investment, Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets, Food & ag corporates prefer to engage with academia, research over startups, according to open innovation report. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. However, the development and implementation of new technologies to withdraw fossil fuels hidden deep in the earth are currently financially impractical. Stay up to date with what you want to know. Does Bill Gates Own the Majority of US Farmland? | Snopes.com By Eric O'Keefe 1/15/2021 Listen to article Photo credit: Chesnot, Getty Images Call it a hunch, but the story did not jibe. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Bill Gates is an American technology pioneer. And Gates says investing in more farmland in the future is not off the table. 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. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Dusky layers of silt and sand towered over the 6-foot-tall retired Washington State professor. Today, the Belmont tract remains mostly empty desert. Biogas is a natural gas alternative that can be sourced from animal manure or algae., Future biofuel advancements could make farming more self-sustaining, environmentally friendly and more efficient.. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. Bill and Melinda Gates own 70,000 acres of Louisiana farmland; what Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. His idea, like many others, was to diversify his investments across different asset classes. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. And the rich are now buying up vast swathes of farmland. Get the latest news and research from AFN & AgFunder in your inbox. Since his divorce, it is unclear how the assets were split up between the couple. It will help farmers in developing countries access Agri-Tech, improve farming tools, learn how to maximize yield better and better adapt to climate change. Join the conversation now on LinkedIn or Twitter, or email me at [emailprotected], Foodtech exits continue to lag, but there is cause for optimism, Bell & Evans teams with Cargill, Rodale Institute to transition 50,000 farm acres to organic. Their low fees and competitive returns set them apart from many of the other platforms out there. Join our newsletter to stay up to date on the latest offers from Land Income. But the purchaser of record was a small, obscure company in Louisiana. Vous pouvez modifier vos choix tout moment en cliquant sur le lien Tableau de bord sur la vie prive prsent sur nos sites et dans nos applications. By the time it was sold to the Canada Pension Plan Investment Board in 2013, AgCoA ranked as one of the leading institutional owners of row-crop farmland in the United States. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Instead, the Canada Pension Plan Investment Board revealed in the fine print of a quarterly statement that it had sold $520 million in U.S. farmland assets held by Agriculture Company of America. The agriculture sector is important. In January 2021, Bill Gates became the largest owner of farmland in the United States. The plant-based protein craze will be worth $23.4 billion by 2027. Perhaps history is repeating itself? While private companies and corporations are increasing. ", Gates responded at the time, "My investment team bought the farmland. All investments involve risk and may result in loss. From the beginning, Cascade Investments focused on blue chip defensive stocks, including Four Seasons, Berkshire Hathaway, Coca Cola, and more. But the Microsoft tycoon is shooting down accusations that he has any ties to that company, The Post can exclusively confirm. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. Any historical returns, expected returns, or probability projections are forward looking statements and may not reflect actual future performance. Additionally, because the farmers don't have access to state-of-the-art agriculture tools or technology, they never maximize yield potential. The typical farmer may plant anywhere between 75,000 to 250,000 seeds per acre to maximize as much seed yield advantage as possible. CSC Leasing: Non-dilutive Funding for AgTech Startups, Americas Cultivation Corridor: We Grow AgTech Innovation, largest portfolio of private farmland in the US, replace their consumption of cattle-derived beef, How to implement digital agriculture, step-by-step, The Week in AgriFoodTech: Restaurant order app me&u bagged $30m, Remilk approved for Israeli markets, biomaterials bonanza, First Bite: Better Bite Ventures backs four early-stage APAC alt protein startups, from cauliflower ice cream to cultivated seafood. However, one cannot become a farmer without a sense of optimism. Billionaire NFL owner quietly buying up thousands of acres of Illinois Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. Does this investment say anything about the state of the. The farm was subsequently sold to AgCoA, which was acquired by the Canada Pension Plan Investment Board. Gates was also asked which niche technology he believed could play a significant role in the battle against climate change. The day before he went to prison, Ebbers sold Angelina for $32 million. This parcel which apparently makes up the bulk of the Gatess farmland holdings had previously belonged to Agriculture Company of America, a real estate investment trust acquired by CPIBB in 2013. But many farmers lease at least some of the land they cultivate. Farmland Riches, LLC and the owners may have investments in companies represented on the AcreTrader platform. According to a press release by the Grand Forks council, Fufeng Group has chosen the town as its first US-based manufacturing facility after a 16-month comprehensive evaluation process, where they are expected to produce 25 million bushels of corn annually. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. Invest like Bill Gates with the Best North Dakota Farmland And why is Bill Gates the largest private owner of farmland in the United States? He has very competent investment managers.. The cofounder of Microsoft and his wife make an auspicious debut on the 2020 LAND REPORT 100, as Americas largest private farmland owners. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. The acreage sits off Interstate 10, and it is poised to be accessible by Interstate 11, a proposed highway that would traverse 5 miles of the 40-square-mile holding. Farmland as an investment offers low volatility. The firm is a shareholder in plant-based protein companiesBeyond MeatandImpossible Foods, as well as agricultural equipment makerJohn Deere. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Over the next five years, AgCoA acquired more than 100,000 acres in nine states. Seed technology is the process of using technology, updated farming methods, and genetically modified seeds to optimize yield potential; maximize yield potential in less-than-ideal farming conditions; and make farming practices infinitely more cost-efficient.. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? This is because of more intense seasons of drought and rain. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! New technologies must be developed to give more sustenance to land that we farm to keep it sustainable. Gates, a well-known philanthropist concerned with food insecurity in developing nations, could be betting that the next advancements in seed technology will be furthered on American farms. FARGO, N.D. (AP) North Dakota's attorney general has found the sale of a couple thousand acres of prime farmland to a group tied to Bill Gates complies with a Depression-era law meant to . By clicking Sign Up, you also agree to marketing emails from both Insider and Morning Brew; and you accept Insiders. And the average size of a farm is about 444 acres., The typical family-owned farm makes about $69,000 in profits annually., However, due to climate change, international political tensions, tariff wars and changing consumer diets, family-run farms have struggled to profit.
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