Bill Gates is now America’s largest owner of farmland

Bill Gates, the world’s fourth-richest man and a self-described idiot known for his early programming skills, but also for his love on the outside, is quietly snatching 242,0000 acres of farmland across America – to make Enough for her top private farm owner in America.

After years of reports of buying agricultural land in places like Florida and Washington, Land report It is revealed that Gates, whose total assets are worth $ 121 billion Forbes, Has built a large-scale farmland portfolio in 18 states. His largest holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588 acres). Additionally, he owns a stake in 25,750 acres of transitional land west of Phoenix, Arizona, which is being developed as a new suburb.

according to this Land reportThe research is conducted by land directly and third-party entities through Cascade Investments, Gates’ personal investment vehicle. Cascade’s other investments include food-safety company Ecolab, used-car retailer Voom and Canadian National Railways.

While it may be surprising that a tech billionaire would also be the largest farm owner in the country, it is not just Gates in the agricultural sector. In 2008, the Bill and Melinda Gates Foundation announced a $ 306 million grant to promote high-yield, sustainable agriculture among smallholder farmers in Sub-Saharan Africa and South Asia. The Foundation has invested in the development and propagation of “super crops” resistant to climate change and high-yielding dairy cows. Last year, the organization announced Gets Egg One, a nonprofit to further those efforts.

It is not entirely clear how Gates’ farm is being used, or whether any land is being set aside for conservation. (Cascade did not return Forbes‘Request for comment.) However, there are some indications that the land may be used in a way that aligns with the values ​​of the foundation. Kapasan AG Management is a member of Leading Harvest, a subsidiary of Cascade, a nonprofit that promotes sustainable agricultural standards prioritizing the conservation of crops, soil and water resources.

Gates is not just a billionaire Land reportList of top private farm owners. The amazing company cofounders Stewart and Linda Resnick (total assets: $ 7.1 billion) finished third with 190,000 acres. Their farmlands manufacture merchandise for their brands including Pom Wonderful, Wonderful Pistachio and Wonderful Halos Mandarin.

While Gates may be the largest farm owner in the country, he is by no means the largest person. In their list of the 100 Top American Landlords, Land report Liberty Media chairman John Malone has been topped, owning 2.2 million acres of ranch and forests. CNN founder Ted Turner ranked number three in eight states with 2 million acres of farmland. Even Amazon CEO Jeff Bezos is investing largely in land, primarily in West Texas with his ownership of 420,000 acres at 25th.


Leave a Reply

Your email address will not be published.