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News from or about specifically the United States
TIL - Bill Gates owns 275,000 acres of farmland out of 895.3 million total acres available in the U.S.
submitted 1 year ago by Zapped from sports.yahoo.com
[–]Zapped[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 year ago (0 children)
Gates responded: "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."
Gates responded at the time, "My investment team bought the farmland. It is less than .1% of all US farmland because the ownership is so diverse. We invest in the farms to raise productivity. Some are near cities and might end up having other uses."
[–]Zapped[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)