By Nneka Nwogwugwu
The Land Report has published that the third richest man on the planet, Bill Gates is ranked the largest private owner of farmland in the US.
A 2018 purchase of 14,500 acres of prime eastern Washington farmland – which is traditional Yakama territory – for $171m helped him get that title, Reuters stated.
In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m.
To put that into perspective, that’s nearly the size of Hong Kong and twice the acreage of the Lower Brule Sioux Tribe, where I’m an enrolled member. A white man owns more farmland than my entire Native nation!
The billionaire media mogul Ted Turner epitomizes such disparities. He owns 2m acres and has the world’s largest privately owned buffalo herd.
Those animals, which are sacred to my people and were nearly hunted to extinction by settlers, are preserved today on nearly 200,000 acres of Turner’s ranchland within the boundaries of the 1868 Fort Laramie Treaty territory in the western half of what is now the state of South Dakota, land that was once guaranteed by the US government to be a “permanent home” for Lakota people.
Bill Gates’ new book How to Avoid a Climate Disaster positions himself as a thought leader in how to stop putting greenhouse gases into the atmosphere and how to fund what he has called elsewhere a “global green revolution” to help poor farmers mitigate climate change.
When pressed during a book discussion on Reddit about why he’s gobbling up so much farmland, Gates claimed, “It is not connected to climate [change].” The decision, he said, came from his “investment group.” Cascade Investment, the firm making these acquisitions, is controlled by Gates. And the firm said it’s “very supportive of sustainable farming”. It also is a shareholder in the plant-based protein companies Beyond Meat and Impossible Foods as well as the farming equipment manufacturer John Deere. His firm’s largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m.
Arable land is not just profitable. There’s a more cynical calculation. Investment firms are making the argument farmlands will meet “carbon-neutral” targets for sustainable investment portfolios while anticipating an increase of agricultural productivity and revenue.
The world’s richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. According to Forbes, the world’s billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs.
Like wealth, land ownership is becoming concentrated into fewer and fewer hands, resulting in a greater push for monocultures and more intensive industrial farming techniques to generate greater returns. One per cent of the world’s farms control 70% of the world’s farmlands, one report found. The biggest shift in recent years from small to big farms was in the US.
The principal danger of private farmland owners like Bill Gates is not their professed support of sustainable agriculture often found in philanthropic work – it’s the monopolistic role they play in determining our food systems and land use patterns.
Small farmers and Indigenous people are more cautious with the use of land. For Indigenous caretakers, land use isn’t premised on a return of investments; it’s about maintaining the land for the next generation, meeting the needs of the present, and a respect for the diversity of life. That’s why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the world’s biodiversity, practices anathema to industrial agriculture.
The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. The land we all live on should not be the sole property of a few. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. The “billionaire knows best” mentality detracts from the deep-seated realities of colonialism and white supremacy, and it ignores those who actually know best how to use and live with the land. These billionaires have nothing to offer us in terms of saving the planet – unless it’s our land back.