Bill Gates responds to owning the most farmland in the United States

Bill Gates, known for founding Microsoft, is now recognized as the biggest private land owner in the US, with more than 275,000 acres under his name.

Bill Gates responds to owning the most farmland in the United States
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Bill Gates, the founder of Microsoft and one of the world's richest individuals, has responded to the skepticism around his motivation to buy up large portions of farmland across the United States.

Bill Gates responds to owning the most farmland in the United States 06

Gates, being very well known for his creation of Microsoft, is now earning himself new titles, such as the biggest private landowner in the US, according to the 2022 edition of the Land Report 100. Notably, the report found that Gates owns about 275,000 acres of farmland across the US. Additionally, the US Department of Agriculture found in a 2022 report there were about 895.3 million acres of farmland throughout the US in 2021.

The Microsoft founder was asked in his annual Reddit AMA why he is purchasing so much farmland and if he thinks it's a problem that billionaire wealth enables them to acquire disproportionally. Gates responded to the question and said he owns less than 1/4000 of the total farmland in the US and that his investment in them is founded on the motivation to make them more productive. Gates added that there "isn't a grand scheme involved" and that all of the investments are being handled by a professional investment team.

"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?" a Reddit user asked.

"I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.

In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. It has been very fulfilling for me and is my full time job." Gates responded

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Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science and space news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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