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Post by 8DonCo Wed Jul 06, 2022 10:05 pm

The controversy over Bill Gates becoming the largest private farmland owner in the US



People are drawing connections between Gates’s vast farmlands and climate change advocacy.

Bill Gates might be a tech billionaire — but he and his wife Melinda French Gates, who are in the process of divorcing, are also two of the largest private farmland owners in the United States.


Recent reports detailing the extent of Gates’s land ownership have prompted criticism from some environmental advocates and farmers, who say there seems to be a contradiction between his public environmental advocacy and his personal investment strategy.


Others have speculated the farmland purchases may be a part of the billionaire’s overall climate efforts. Bill Gates has said there’s no connection, either way. But the new details on the purchases — and the discussion surrounding them — serve as an important reminder that billionaires can store their massive wealth in all sorts of unexpected places, and that there can often be a tension between their personal investments and their more publicized philanthropic work.


On Tuesday, NBC News reported that the Gateses had acquired more than 269,000 acres of farm in the United States in the past 10 years. Those purchases, made with the help of the Washington-based firm Cascade Investment and a number of shell companies, include farmland in nearly 20 states that cultivate vegetables such as carrots, soybeans, and potatoes (some of which end up in McDonald’s French fries). These details come after the agriculture outlet the Land Report reported in January that the tech billionaire and his wife were the country’s top private farmland owners in the country. An NBC News analysis also identified Gates as the largest farmland owner in the US.


Almost 300,000 acres is a lot of land for one family or private individual to own, but it’s still just a small part of the estimated 911 million acres of farmland in the US. While Gates appears to be one of the largest private farmland owners in the country, he’s far from alone in wanting to incorporate farmland into his investment strategy.


As Mother Jones recently reported, other large financial firms have sought to purchase agricultural land, too, even if they have no involvement in the day-to-day farming operations. Land Report, the outlet that named Gates the top private farm owner, notes several other families that claim well over 100,000 acres. The US Department of Agriculture estimates that about 30 percent of US farmland is rented out by owners who serve as landlords and aren’t involved in farming, like Gates.

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Bill Gates làm đại điền chủ ?  C7f64202b0357f04c779d805f437c5fc

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