Bill Gates is America’s largest owner of farmland

26 Jan 2021

Already in possession of the title of the fourth richest person in the world, Bill Gates can now add another distinction to the list as the largest private farmland owner in the United States. Through his investment arm, the billionaire owns 242,000 of land across 18 states.

Gates’ largest holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588 acres). In addition to farmland, the tech billionaire also possesses 24,800 acres of transitional land on the western edge of Phoenix that is poised to become a new suburb as well as 1,234 acres of recreational land. In total, Gates owns 268,984 acres of land across the United States.

Bill Gates is America’s largest owner of farmland

According to research by The Land Report, Gates does not own the land, but rather has made the investments through his third party investment arm, Cascade Investments. The investment vehicle made its largest acquisition in 2017, purchasing a group of farmland assets owned by the Canada Pension Plan Investment Board. Other, smaller acquisitions have been made since that time.

As these large purchases of farmland are a private investment, there are no details associated with these transactions. Cascade declined to comment to both Forbes and The Land Report on the intended use of these land tracts, other than to say that the organization is very supportive of sustainable farming.

Indeed, sustainable agriculture has been of interest to the Gates family for years. The Bill and Melinda Gates Foundation invested $306 million in 2008 to promote sustainable agriculture among smallholder farmers in sub-Saharan Africa and South Asia. Since then, the foundation has further invested in the development of crops that are resistant to climate change through, a mission that is being advanced through the Gates Ag One nonprofit. The nonprofit operates with the mission to help “smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable.”

Related news

Eat Just looks to crack into the market with a $3B IPO

Eat Just looks to crack into the market with a $3B IPO

23 Jul 2021

Cultured protein maker Eat Just is targeting a $3 billion initial public offering in Q4 2021 or early in 2022, Forbes reported after receiving information from a leading investor in the plant-based egg producing company.

Read more 
General Mills launches snack limiting blood sugar spikes

General Mills launches snack limiting blood sugar spikes

21 Jul 2021

Coming out of General Mills’ Innovation Lab is a new snack brand called Good Measure that is designed specifically to not spike the blood sugar of the person snacking. While this product can serve a wide variety of consumers, including those following ...

Read more 
Future of Nutrition Award debuts at the Fi Europe Innovation Awards

Future of Nutrition Award debuts at the Fi Europe Innovation Awards

16 Jul 2021

The Fi Europe Innovation Awards, held at Fi Europe 2021 co-located with Hi Europe, celebrate people, companies and organisations breaking new ground in the Food & Beverage industry.

Read more 
C3 on its recent MENA expansion: ‘The region is a hub of tech and culinary innovation’

C3 on its recent MENA expansion: ‘The region is a hub of tech and culinary innovation’

16 Jul 2021

Omnichannel food tech platform Creating Culinary Communities (C3) is bringing its cloud kitchen and food delivery tech to the Middle East North Africa (MENA) region, announcing a $100 million joint venture in Saudi Arabia just months after expanding to...

Read more 
Kerry to purchase preservative company Niacet for $1B

Kerry to purchase preservative company Niacet for $1B

16 Jul 2021

Irish ingredients giant Kerry Group has entered into an agreement to buy the clean-label preservatives manufacturer Niacet from the private equity group SK Capital for $1 billion. The transaction is expected to close in the third quarter of this year.

Read more 
Halo Top co-founder launches low-calorie, low-sugar chocolate bar

Halo Top co-founder launches low-calorie, low-sugar chocolate bar

15 Jul 2021

Gatsby Chocolate is one of the newest entrants into the better-for-you indulgence space as of this summer. From the founder of Halo Top ice cream, Doug Bouton, this new chocolate bar uses Epogee's EPG fat alternative ingredient, which is a formulation ...

Read more 
Livekindly creates New Vegan Food Brands for Chinese market

Livekindly creates New Vegan Food Brands for Chinese market

14 Jul 2021

Plant-based company collective Livekindly launched its first brands created in-house. Sold under the names Giggling Pig 咯咭藸 [Ge Ji Zhu] and Happy Chicken 哈皮鸡 [Ha Pi Ji], these brands sell products aimed at Gen Z Chinese customers that are interested in...

Read more 
Aleph Farms raises $105M, plans for cell-based meat launch in 2022

Aleph Farms raises $105M, plans for cell-based meat launch in 2022

13 Jul 2021

Cultured meat manufacturer Aleph Farms is steaming ahead toward its goal of commercialization. The Israeli startup announced it received $105 million in funding from a Series B investment round led by L Catterton's Growth Fund and DisruptAD, which is o...

Read more 
PepsiCo doubles down on nonalcoholic cocktail mixers with Unmuddled

PepsiCo doubles down on nonalcoholic cocktail mixers with Unmuddled

8 Jul 2021

Legacy soda manufacturer PepsiCo is moving deeper into the non-alcoholic cocktail space with the announcement that it will debut a line of premium mixers called Unmuddled. The product line will be available beginning in September at Fresh Thyme and on ...

Read more 
ReGrained flour is inaugural recipient of Upcycled Food certification

ReGrained flour is inaugural recipient of Upcycled Food certification

7 Jul 2021

Upcycled food company ReGrained is the first company in the world to receive the new Upcycled Food Certification for its SuperGrain+ flour. This new certification is awarded by the Upcycled Food Association, which finalized its certification standards ...

Read more