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Sunday, January 17, 2021

Bill Gates Buys Acres Of Land For Agric, He Is Now A Farmer


 Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoors, has been quietly snatching up 242,000 acres of farmland across the U.S. — enough to make him the top private farmland owner in America.

After years of reports that he was purchasing agricultural land in places like Florida and Washington, The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland portfolio spanning 18 states. His largest holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588 acres). Additionally, he has a stake in 25,750 acres of transitional land on the west side of Phoenix, Arizona, which is being developed as a new suburb.
According to The Land Report’s research, the land is held directly and through third-party entities by Cascade Investments, Gates’ personal investment vehicle. Cascade’s other investments include food-safety company Ecolab, used-car retailer Vroom and Canadian National Railway.
While it may be surprising that a tech billionaire would also be the biggest farmland owner in the country, this is not Gates’ only foray into agriculture. In 2008, the Bill and Melinda Gates Foundation announced $306 million in grants to promote high-yield, sustainable agriculture among smallholder farmers in sub-Saharan Africa and South Asia. The foundation has further invested in the development and proliferation of “super crops” resistant to climate change and higher-yield dairy cows. Last year, the organization announced Gates Ag One, a nonprofit to advance those efforts.
It is not entirely clear how Gates’ farmland is being used, or whether any of the land is being set aside for conservation. (Cascade did not return Forbes’ request for comment.) However, there is some indication that the land could be used in a way that aligns with the foundation’s values. Cottonwood Ag Management, a subsidiary of Cascade, is a member of Leading Harvest, a nonprofit that promotes sustainable agriculture standards that prioritize protections of crops, soil and water resources.

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John Amadi

He is tired of computing business?

Endy Edeson

John; no, he is just diversifying into Agriculture

Mhambe Christopher Terna

When ever this man makes a money move, He has a plan...check am well

Yusuf Aruwa

Genetic modfication for African right as another plan B for him as covid 19 didn't work him in Africa

Ayokunnu Ishola Ajibola

Las las, you go chop vaccinated microchip vegetables. Just kidding

Abie Sage Erha

What about coffin making in Africa
1

Adesuyi C Adeyemi

He planned to kill and take over Africa continents for themselves

Boma Pepple-Uduebor

Are the food for humans?talking about population of the world and it's control metamorphosis

Don Steve

Anti-Christ

Mark Holiboi

Just because he buys acres of land, and is into Agriculture............him don turn farmer?
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