Is this simply a diversification of Gates' massive tech investment portfolio? With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Farmland Riches is sponsored by FarmTogether. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. Purchasing your own farm outright means that you are not diversified across many farms; just 1. Why Bill Gates is now the US' biggest farmland owner - New York Post This is a sponsored promotion for the AcreTrader platform. Learn more about fact-checking at AP. The cofounder of Microsoft and his wife make an auspicious debut on the 2020 LAND REPORT 100, as Americas largest private farmland owners. 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). LITTLE ROCK, Ark. Gates personal farmland portfolio is managed by Michael Larson and Cascade Investment. Leon Neal/Getty Images. 1,539.24 acres of farmland in Champaign County for at least $16,959,677 between 2015 and 2019. That remains unclear. The most famous and by far wealthiest farmland owners in sparsely populated Concordia Parish are getting a divorce. Bill Gates tells Reddit why he's bought so much farmland - AFN So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Any why now after years of massive success? The firm is a shareholder in plant-based protein companiesBeyond MeatandImpossible Foods, as well as agricultural equipment makerJohn Deere. Meanwhile, a rep for Gates did highlight to The Post their Leading Harvest initiative, which requires farmland owners to work to continuously improve soil health, biodiversity and water, air and crop quality on their farms.. Credit Chris Janiec at Agri Investor for this eagle-eyed investigating. Once upon a time, the business press dubbed the colorful entrepreneur the telecom cowboy. That was before the Edmonton native was put on trial for his role in what was, at the time, the largest corporate bankruptcy filing in U.S. history. 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. Today, the Belmont tract remains mostly empty desert. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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. of the richest people in the country, owns less than one percent of the nations total farmland. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. I dont think the poorest [] countries will be eating synthetic meat. Gates also owned up to the various failures in their initiatives, and admitted that they try their best to leverage the expertise and wisdom from the community leaders present in the areas they aid. the Gates Foundation answers the top ten questions they received, and they admitted that they didnt think it was fair that their family had so much global influence. AcreTrader has carved out a niche for themselves that has led to rapid market dominance. Another main feature of the Big Bet is the implementation of the culmination of the Gates Foundations research: specialized GMO seeds for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. And they barely produce enough crops for food or profit. The typical farmer may plant anywhere between 75,000 to 250,000 seeds per acre to maximize as much seed yield advantage as possible. Then again, farmers and investors in the Mid-Columbia River market expect to pay $10,000 to $15,000 for good ground. Currently, no one knows. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Bill left most of his professional work at Microsoft at this time to work with Melinda and the foundation. Are you interested in investing in farmland? So, if farmers do not improve farming methods, local communities suffer. The Gates Foundation has seen steady success and growth since their launch, funding science, research, agriculture and education. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. These allow investors to get stared with as little as $10,000. He assigned his research team to dig a little deeper. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. Top 5 farms with the largest acreage in the U.S. How farmers can maximize the value of forestland, Northeastern Indiana farmland sells for $19,984 per acre. The burgeoning metropolis of Monterey, population 462, rang a bell, but despite my best efforts, I couldnt connect the dots to anyone whom we had profiled in The Land Report or, for that matter, anyone who was on our watch list.

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