Bill Gates, founder of Microsoft and one of the richest men in the world, highlighted the relative lack of money devoted to agricultural innovation and research in his annual letter outlining the Bill and Melinda Gates Foundation’s 2012 priorities.

The foundation was founded by the Gates’ in 1994 and is now the world’s largest philanthropic organization. Guided by the philosophy that every life has equal value, the foundation spends the majority of its funds on global health and development projects, both of which are intimately tied to agriculture.

Gates’ comments in his 2012 letter expand on his longstanding interest in agricultural development, to which he says his foundation has devoted $2 billion.
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