Gates’ vast agricultural land portfolio is located in the states of Louisiana (27,952 acres), Arkansas (19,395 acres) and Nebraska (8,323 acres). In addition, he owns a stake in 10,420 acres of farmland west of Phoenix, Arizona, which will be converted into a new suburb and developed. The land will be owned directly or by a third party through Cascade Investments, Gates’ personal investment vehicle. This is shown by the American ‘The Land Report’ research.
It may come as a surprise that the tech billionaire, worth $ 121 billion or more than $ 100 billion, is the largest owner of farmland in the United States, but Gates has previously invested in agriculture-related matters. For example, his and his wife’s foundation, the Bill & Melinda Gates Foundation, announced in 2008 that it would donate more than மில்லியன் 250 million to a project that would help small farmers in Africa and South Asia grow more efficiently and sustainably.
The Foundation has also invested in the growth and propagation of so-called super crops resistant to climate change and in the development of high yielding dairy cows. Last year, the millionaire announced that ‘Gates Agg One’ efforts in the area would be stepped up.
It is not entirely clear what Gates is doing with the farmland. “There has been no response to our request for further Cascade investments. However, there are indications that the land could be used in line with the values of the Bill Gates Foundation,” Forbes said. , Promotes sustainable farming practices with a focus on soil and water conservation.