{"id":177555,"date":"2021-01-25T12:00:57","date_gmt":"2021-01-25T12:00:57","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=177555"},"modified":"2021-01-20T04:17:09","modified_gmt":"2021-01-20T04:17:09","slug":"americas-biggest-owner-of-farmland-is-now-bill-gates","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2021\/01\/americas-biggest-owner-of-farmland-is-now-bill-gates\/","title":{"rendered":"America\u2019s Biggest Owner of Farmland Is Now Bill Gates"},"content":{"rendered":"

\"\"<\/a><\/em><\/p>\n

14 Jan 2021 – <\/em>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. \u2014 enough to make him the top private farmland owner in America.<\/p>\n

After years of reports that he was purchasing agricultural land in places like Florida and Washington, The Land Report<\/em> revealed<\/a> that Gates, who has a net worth of nearly $121 billion<\/a> according to Forbes<\/em>, 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.<\/p>\n

According to The Land Report<\/em>\u2019s research, the land is held directly and through third-party entities by Cascade Investments, Gates\u2019 personal investment vehicle. Cascade\u2019s other investments include food-safety company Ecolab, used-car retailer Vroom and Canadian National Railway.<\/p>\n

While it may be surprising that a tech billionaire would also be the biggest farmland owner in the country, this is not Gates\u2019 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 \u201csuper crops<\/a>\u201d resistant to climate change and higher-yield dairy cows. Last year, the organization announced Gates Ag One, a nonprofit to advance those efforts.<\/p>\n

It is not entirely clear how Gates\u2019\u00a0 farmland is being used, or whether any of the land is being set aside for conservation. (Cascade did not return Forbes<\/em>\u2019 request for comment.) However, there is some indication that the land could be used in a way that aligns with the foundation\u2019s 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.<\/p>\n

Gates is not the only billionaire on The Land Report<\/em>\u2019s list of top private farmland owners. Wonderful Company cofounders Stewart and Lynda Resnick<\/a> (net worth: $7.1 billion) ranked number three with 190,000 acres. Their farmland produces the goods for their brands including POM Wonderful, Wonderful Pistachios and Wonderful Halos mandarins.<\/p>\n

While Gates may be the country\u2019s biggest farmland owner, he by no means is the largest individual landowner. In its list of 100 top American landowners<\/a>, The Land Report<\/em> gives the top spot to Liberty Media Chair John Malone<\/a>, who owns 2.2 million acres of ranches and forests. CNN founder Ted Turner<\/a> ranked number three with 2 million acres of ranch land across eight states. Even Amazon CEO Jeff Bezos<\/a> is investing in land on a large scale, landing the 25th spot with his ownership of 420,000 acres, mainly in west Texas.<\/p>\n

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\"\"<\/a>Ariel Shapiro – I am a wealth reporter at <\/em>Forbes covering billionaires who made their money in media, tech and retail. I previously worked on the Media & Entertainment team, where I compiled lists of the highest-paid comedians, podcasters and authors. Before coming to <\/em>Forbes, I graduated from NYU’s Business and Economic Reporting program and worked as an associate producer at <\/em>MSNBC. Tips to ashapiro@forbes.com<\/a>.<\/em><\/p>\n

Go to Original – forbes.com<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

14 Jan 2021 – Bill Gates, the fourth richest person in the world, has been quietly snatching up 242,000 acres of farmland across the U.S. \u2014 enough to make him the top private farmland owner in America.<\/p>\n","protected":false},"author":4,"featured_media":177557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[952,867,1913,232,1690,555,248,1213,70],"class_list":["post-177555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anglo-america","tag-agriculture","tag-anglo-america","tag-bill-gates","tag-capitalism","tag-cattle-and-ranch-farmers","tag-elites","tag-farming","tag-super-rich","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/177555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=177555"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/177555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media\/177557"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=177555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=177555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=177555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}