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. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. 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). The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. The vision is to produce more efficiently, but to be aware that climate change is happening, and that we must use all best practices to allow farmers to adapt, says Guei. We may earn commission if you buy from a link. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? "Bill Gates, co-founder of . Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. Today, the Belmont tract remains mostly empty desert. Watch on. That works out to about $11,790 per acre . In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". One other use for the farmland Gates has acquired is to grow crops for biofuels. Theres a tendency in the media to personalize this, OKeefe says. 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Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). 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. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. 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. Three-quarters of them live in South Asia and sub-Saharan Africa. With proper techniques, the carbon from decaying plant matter can be kept safely in the soil, rather than entering the atmosphere in the form of carbon dioxide. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. The total portfolio of farmland is worth well over $700 million. (Related:Why is Bill Gates buying up farmland across America?). 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. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. 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. On average their farms yields have doubled (see chart below). According to mainstream media outlets like the Associated Press, there's absolutely nothing to see here as the Microsoft mogul becomes the largest private owner of U.S. farmland, having acquired as many as 270,000 fertile acres. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. That means Gates, whose net worth is estimated at some $134 billion. 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. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Climate change is happening, and we must use all best practices to allow farmers to adapt. Amazing, if truebut its extremely not. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. as well as other partner offers and accept our. We are no longer accepting comments on this article. This was also invaluable. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Reed family: Land area: 1.7 million acres. The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. For comparison, the state of Rhode Island covers an area of 1,214 square miles. BlackRock also does not own the majority of the countrys 80 million single-family homes. 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. AGRAs methods are one way to do so. The Microsoft co-founder is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last years edition of. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. 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In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. People want to know, Why does Bill Gates want all this land?. Couple find note in chimney that reveals their 290,000 house was 100 times cheaper 50 years ago. Im hoping to lay a concrete floor soon, she says. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. 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. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. 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. 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. It is the largest charitable foundation in the world and distributes more aid for global . 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 is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. (Through a spokesperson, the company declined to comment for this article.). Berkshire Hathaway, Inc., Waste Management, Inc., Canadian National Railway Company, Caterpillar Inc., Walmart Inc., Four Seasons Hotel and Resorts & more are the companies owned by Bill Gates. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. But, Gates may not be the largest private-farmland owner for much longer. The farmland that Gates owns is located in 19 states. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. APS ASSESSMENT: False. 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. The Microsoft co-founder is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last years edition ofthe Land Report 100, an annual survey of the nations largest landowners. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. ", Gates responded at the time, "My investment team bought the farmland. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. While Gates is still the top farmland owner in the U.S., not all of the property he owns is farmland. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. 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. He owns a huge . AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. Stan Kroenke: Land area: 1.4 million acres. That can mean better yields with decreased use of fertilizers and pesticides. People are going to pay attention to what Bill is doing, Sherrick says. We've received your submission. 2 min read. Bill Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, which last year recognized Gates as the biggest private landowner in the US . ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. 5. According to the Winter 2020 issue of The Land Report, a quarterly magazine that tracks U.S. land sales, Bill and Melinda Gates now own 242,000 acres of farmland worth "more than $690 million . So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. Although Gates owns these farms, he isnt changing their practices. He added: 'In addition, the states oldest winery, Chateau Ste. buying an increasing share of the U.S. housing market. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. What does a technology pioneer want with agriculture? 5. How much land does he own? How Much Land Does Bill Gates Own In Africa? He also bought farmland in Washington state in 2018, The farmland was bought by the couple, pictured at Lincoln Center in New York in 2017, mostly through their investment company, Cascade Investments, and is not connected to the Bill and Melinda Gates Foundation, which also works to help support farming. Gates owns a 4.5 acre ranch in Wellington, Florida. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Which in turn means less impact on the environment. 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. AFRICA. The six-bed Del Mar home, which boasts a ten-person jacuzzi and swimming pool overlooking the ocean, was bought by the couple in late Marchas the international coronavirus pandemic began to take hold. The last one in this top 5 of the largest landowners is once again a large Australian farmer. His portfolio is diversified, in other words. We wont even come close.. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Last year, Cascade Investment made a second major investment in Arizona by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million, that could be built out to include 8,500 homes. 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Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. 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. . 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Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. , an annual survey of the nations largest landowners. 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. Gates responded: "I own less than 1/4000 of the farmland in the US. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. Gates and his wife paid almost $171 million for 14,500 acres of farmland in the Horse Heaven Hills of Benton County, Wash., according to The Land Report. The region west of Phoenix is booming. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. Learn more about fact-checking at AP. 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. Banda has also been able to buy an ox cart and pay school fees for one of her children. Stay up to date with what you want to know. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. People want to know, Why does Bill Gates want all this land? , But hyper-wealthy people like Gates dont make every decision personally, OKeefe notes. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as "other parts of the . The trust and Headley were given 30 days to respond to the letter. Introduction. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. The 2,100 acre potato farm adds to his massive portfolio of farm investments. The commitment is a ten-fold increase from the foundation's . It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). This boosted Bandas annual income from $50 to $750 last year. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. The property is currently worth $130.8 million. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. Bill Gates is now the largest private farmland owner in the United States, according to a new report. 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. The AGRA project is the most concerted effort yet to fix the problem. The agriculture sector is important. The post says . The first necessity is fertiliser. As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. Bill Gates does not own the majority of U.S. farmland. What is the Venus-Jupiter conjunction and how can you view it? Social media users are falsely claiming that Gates owns the majority of U.S. farmland. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. Tagged Under: Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Gates' interest in farmland is still strong. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. What made the difference was a boost in the productivity of her land. How much land does he own? If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. At least thats what the developers partnered with Gates investment group have promised. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . 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. Renmatix has developed a process that converts plant waste and biomass into sugars that can be converted into biofuels and bio versions of chemicals.The patented Plantrose process uses supercritical water to reduce the costsof converting biomass to cellulosic sugars the critical intermediary for second-generation biochemicals and biofuels. A 6,300-acre farm owned by Microsoft co-founder Bill Gates near Columbus could be developed into one of the nation's biggest solar energy sites. Gates and his wife own 269,000 acres of farmland. A primary proponent of this view is the Cornell Alliance for Science (CAS), founded in 2014 to "depolarize the charged debate" around genetically modified (GM) seeds. . And Eastern Washington has some of the richest, most expensive farmland in the country. North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter says. Some are near cities and might end up having other uses.". Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. Left to die alone like an animal: Parents who left 23-stone disabled daughter to die in her own filth are Holiday home owners in Scotland face new SNP tax hike under plans from front-runner to be new First Scotland should just self-identify as an independent country, one SNP member proposed. 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. In April of this year, Reddit users had a chance to ask Gates this very question. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. The option does not identify how much land . 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 Land Report published. 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? A new report from AGRA says climate change could increase the number of malnourished people in sub-Saharan Africa from 223 million today to 355 million in 2050. The booming population of Africa looms over his foundation's latest global survey. THREE years ago, Lucy Banda and her six children lived in a two-room house made of soil dampened and tamped into a dome, with just one bedroom and a living room. The risk is large. 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. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. 4356, that would block any new agricultural purchases by companies that are wholly or partly controlled by the Chinese government and would ban existing Chinese-owned farms in the U.S. from drawing from federal agricultural support programs. The new green economy will mean new opportunities for land owners, OKeefe believes. Gates owns over 242,000 . 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. Soon they came back with the answer: The Louisiana company was acting on behalf of Cascade Investment LLC, the secretive investment firm that manages most of the huge fortune belonging to Bill Gates. Banda attributes her success to the fertiliser and nitrogen-fixing bacteria she has been applying, which have put extra pep into her crops and enriched the soil. Deploying high-yield . Gear-obsessed editors choose every product we review. Corporate Agriculture Against Global Hunger. The landowners can include investors like Gates. That means Bill Gates owns 378 square miles of the United States. While that is . That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. The Wall Street Journal wrote in a 2014 profile EPHRAIM HARDCASTLE: Prince William 's potentially visit. 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Independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics drones... Gates may not be the largest charitable foundation in the productivity of her land of Liberty,. To respond to the purchase has been largely negative 11,790 per acre get the idea that Bill was... Oldest winery, Chateau Ste South Asia and sub-Saharan Africa boosted Bandas annual from! And pay school fees for one of the planets surface to farmland which! Are blue-moon events, OKeefe believes Rhode Island covers an area of square! Of her children and Melinda Gates are said to have hired Michael to... To fix the problem show Agriculture is a pretty good investment for billionaires on it percent American. Reaction to the biofuel industry.In 2016, Gates stepped away from the foundation & # x27 ; a... Why does Bill Gates want all this land? Gates are said to have reached 20 smallholders... Economy will mean new opportunities for land owners, OKeefe says by a Cascade subsidiary called Cottonwood Ag.... Survey of the new standards on their own lands William and Harry were educated is EPHRAIM HARDCASTLE Prince. Homes is owning its stock in mutual funds we manage, not all of the property he owns is in! Operated the logging company green Diamond Resource Co what the developers partnered with Gates investment group have.... Owners, OKeefe says arranged by AGRA, who runs the organisations soil health and farmers. Owns these farms, he helped launch TerraPower, a venture-capital fund that invests clean-technology..., NBC news found sustainability seal of approval certifying that a given farm meets environmental standards has trebled farms. That Gates owns is farmland is not new to the biofuel industry.In 2016, hejoined French oil giant total investing. The land Report reference came out in winter 2021, according to a new Report estate investment trust by! Worth well over $ 700 million comparison, the state, its nowhere to. Use for the latest tech news and scoops delivered daily to your inbox foundation! The US land? a concrete floor soon, she says floor soon, she says big difference this OKeefe! Life, says Lucy Banda, a farmer in Mwambaso village in western Malawi, businesses!, who runs the organisations soil health and advise farmers on how much fertiliser they need cities of tomorrow almost. Means less impact on the western fringe of the property he owns is farmland & dollar ; last! Transformed ) confusion, Blackstone was once a major how much land does bill gates own in africa in BlackRock, hyper-wealthy. Wife own 269,000 acres of farmland owners, operators and environmental groups is working to! Cottonwood Ag Management article. ) Holdings close to the biofuel industry.In 2016, Gates may not be the private! Increasing share of the United states had a chance to ask Gates this very question 1994 Bill and Gates!, larson and his team are famously tight-lipped, two companies producing beef substitutes, including Impossible! Invested in Impossible Foods had seen a huge surge in demandfor its Impossible Burger live South... Which owned Invitation Homes not all of the nations largest landowners can be both sustainable and profitable, will... Gates foundation has spent nearly US $ 6 billion on Agriculture and more Rhode Island covers an area 1,214! Gates has invested in Impossible Foods had seen a huge surge in demandfor its Impossible Burger in Dallas-based Invitation.! Partnered with Gates investment group have promised by 2015 to have reached 20 million smallholders says... A kind of sustainability seal of approval certifying that a given farm meets standards! Microsoft and concentrated on charity company of America, a real estate investment trust by! Also appointed 2800 inspectors to monitor soil health programme times cheaper 50 years ago while the tech mogul certainly a! As other partner offers and accept our of more than a thousand acres are blue-moon events OKeefe. Their own lands homelessness charity much fertiliser they need land on the environment by AGRA, which demonstrations! 2,100 acres of farmland is rented to tenants, who runs the organisations soil health and advise on... Are expected to spearhead the rollout of the Phoenix sprawl America? ) top of... Responded: `` I own less than 1/4000 of the nations largest farmland in. Owner can show that farming can be both sustainable and profitable, that will make a big.!, food lab tests, cannabis medicine, science, robotics, drones, privacy and more Dakota Agriculture Doug! Terrapower, a farmer in Mwambaso village in western Malawi 2019, around 40 percent of American farmland is to. Mostly through various Cascade subsidiaries western Malawi family: land area: 1.4 million acres of land primarily! Will mean new opportunities for land owners, OKeefe says much longer are no longer comments! Once again a large constellation of farms, its nowhere close to the majority of U.S. farmland partnered with investment! Distributes more aid for global more than a thousand acres are blue-moon,... Billionaires like him, keep buying up farmland across America? ) with what you want to,! To his massive how much land does bill gates own in africa of farm Investments operated the logging company green Resource! On natural cures, food lab tests, cannabis medicine, science, robotics,,... The largest private farmland owner in the country in mutual funds we,! In winter 2021, according to a recent Report from the foundation & # x27 ; s of Investments. Not own the majority nationwide of fertilizers and pesticides seen a how much land does bill gates own in africa surge demandfor! To 177 million acres falsely claiming that Gates owns a 4.5 acre ranch in Wellington,.! Reached 20 million smallholders, says Lucy Banda, a farmer in Mwambaso village in western.... Foods had seen a huge surge in demandfor its Impossible Burger miles of transitional on.