Bill Gates shoots down rumored Chinese link to N.D. farmland The cost is prohibitive for agricultural use of water. And they barely produce enough crops for food or profit. And for those wondering why exactly Gates has taken a keen interest in investing in farmland across the country, look no farther than the profit margins. At its listed headquarters 8318 Highway 565 Angelina Agriculture boasted two employees and reported annual revenues just north of $300,000. the Gates Foundation answers the top ten questions they received, and they admitted that they didnt think it was fair that their family had so much global influence. Called Leading Harvest, the organizations goal is to create a sustainability standard that can be implemented across the greatest swath of agricultural acreage. Its the first time Gates has publicly commented on land purchases made by entities associated with him and his wife Melinda since they were named as the top private owners of US farmland by acreage earlier this year. Going forward, in line with the spirit of Leading Harvest, Cascade plans to continue to evaluate and implement new initiatives that will improve the overall sustainability of its farmland portfolio, the spokesperson revealed. Now, Bill Gates adds being the largest, private owner of American farmland to his career achievements. For now, though, all that smart city talk is more than a little premature. 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. The soil profile and underlying silty loess are in a league of their own. Farmland Is Valuable, but Buying It Is Tricky for Fund Investors Editor Eric O'Keefe noticed a massive purchase (14,500 acres) of prime farmland in Washington State made by an unknown Louisiana-based LLC with two just employees. Bill Gates owns a lot of American farmland, but not the majority We want to be open to ideas that seem wild.. But a Gates spokesperson said in a statement on Friday that the claim that hes bought the majority of the nations farmland is false, pointing to a U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. By divesting his personal wealth from his own thriving tech company, and diversifying into myriads of other non-tech based businesses, he was not only exceptionally protected against the tech crash of 2000, but made out like a bandit. According to some scientific estimates, there may be only 1.7 trillion barrels of oil in the world today. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. But a Gates spokesperson said in a statement on Friday that the claim that hes bought the majority of the nations farmland is false, pointing to. by Harvard Universitys Joint Center for Housing Studies. Contact Land Income today! It's probably starting to make sense why Bill Gates purchased farmland in North Dakota and holds the largest private portfolio of farmland assets in America.
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