Ebbers subsequently pledged Douglas Lake as collateral for $400 million he ended up borrowing from WorldCom, and in 2003, WorldCom sold Douglas Lake to Kroenke Ranches. Gates Foundation Buys Land For Farms | PYMNTS.com Valuations of equities (stocks) are at all time highs, similar to the dot-com bubble. With all of this recent farmland accumulation, one might think Gates is using this land to research these gene edited super seeds. Among the participants in the 13-member Sustainable Agriculture Working Group are Ceres Partners, Hancock Natural Resources Group, The Rohaytn Group, and UBS Farmland Investors. You might remember an intriguing story from earlier this year, when an investigative journalist discovered that Microsoft co-founder Bill Gates had been quietly buying up so much farmland. for different crops that have been gene edited to be pest-proof, flood proof, disease proof, and climate change-resistant. Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce. Investing in farmland is not as volatile as investing in traditional stocks. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. Gates believes that subsistence farmers and impoverished peoples will be among the most affected by climate change. A spokesperson for Cascade Investment a firm chaired and controlled by Bill Gates, and possibly what he was referring to as my investment group on Reddit declined to comment on specific land holdings at the time. All investments involve risk and may result in loss. So, what's the interest in farmland? An aerial image of the Highway 565 address revealed a small metal-sided building off by itself in the woods. The typical farmer may plant anywhere between 75,000 to 250,000 seeds per acre to maximize as much seed yield advantage as possible. However, when you read between the lines with an objective and open mind, one can infer much. And the Belmont property is located along Interstate 10, the regions major east-west artery, making it an excellent location for Amazon-style warehouse complexes. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Biofuels are renewable fuel sources that are created from the biomass of animals and plants. Due climate change, dry seasons will be drier, and wet seasons will be more intense, and bring more flooding. For example, ethanol is a biofuel made from corn, barley, or sorghum and used as a gasoline alternative. The Americas Editor at Agri Investor, Janiec reported that the assets had been offered as a single block and that Microsoft founder Bill Gates is thought to be the buyer of CPPIBs farmland. Janiec stayed on the story, and the following year, he confirmed the parameters of sale when he reported the addition of 61 properties valued at approximately $500 million to the National Council of Real Estate Investment Fiduciaries (NCREIF) U.S. 2023 Meredith Corporation. The current best estimate is that the modern world will run out of fossil fuels, and the ability to fuel its global fossil-fuel run infrastructure, by the year 2067. In January this year, the Bill & Melinda Gates Foundation announced that its creating a nonprofit entity called Gates Ag One which will seek to speed up efforts to provide smallholder farmers in developing countries, many of whom are women, with access to the affordable tools and innovations they need to sustainably improve crop productivity and adapt to the effects of climate change.. For now, though, all that smart city talk is more than a little premature. The agriculture sector is important. "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" We want to be open to ideas that seem wild.. Farmland investments overseen by Cascade are completely unrelated to the Foundations programs or efforts to advance agricultural development in Africa or anyplace else in the world.. One main benefit to alt assets especially for those whore heavily invested in the stock market is, another scenario where more traditional assets like stocks and, Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some, Theres a lot of little benefits that stack up when talking about farmland, but the biggest is likely the fact that, American farmland produces a lot of exports, exposing you to political risks, Its a little harder to break into farmland than other assets, though this is changing, In the same way you can invest into ETFs (Exchange Traded Funds) in the stock market, there exist similar products for farmland called, Bill and Melinda released their latest initiative, , While the global climate change initiative is trying to reduce total emissions by the year 2050, the year 2030 is also important. North Dakota AG Clears Farmland Purchase Tied to Bill Gates - US News There are over two million individual farms in the United States. Over time, Gates sold personal stock in Microsoft and reinvested it through Cascade Investment. Bill Gates uses farmland as an investment outlet buying up potato This parcel which apparently makes up the bulk of the Gatess farmland holdings had previously belonged to Agriculture Company of America, a real estate investment trust acquired by CPIBB in 2013. Sorry, but that didnt pass the sniff test. Farmland Index. Is Farmland Partners (FPI) A Good Investment? Sign up for notifications from Insider! Featured in the agricultural side of their plan is a strategy for subsistence farmers and other small-acre farms in Africa and the developing world education, resources, and layaway payment plans which can be used through smartphones. According to a press release by the Grand Forks council, Fufeng Group has chosen the town as its first US-based manufacturing facility after a 16-month comprehensive evaluation process, where they are expected to produce 25 million bushels of corn annually. Bill and Melinda Gates. The endowment that funds the Bill & Melinda Gates Foundation is independently managed by a separate entity, the Bill & Melinda Gates Foundation Trust, a spokesperson for Cascade Investment told The Post.