Why are billionaires like Bill Gates, Jeff Bezos, and others buying farmland
Billionaires buy farmland for the same reason any other savvy investor would. Farmland is an excellent investment. Since 1992, farmland has produced an average annual return of 11% for investors. By comparison, the stock market yielded an average annual return of 8%.
Why has Bill Gates bought so much farmland?
The potential reasons behind Gates’ farmland investments are broad. From its vital role in the global food supply to its historically strong financial performance, farmland can play a significant role in any portfolio. Now, it’s easier than ever to invest – even without being one of the richest men on the planet.
Why Bill Gates is now the US biggest farmland owner?
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.
Who owns the most farmland in the USA?
Bill Gates
With almost 269,000 acres, Bill Gates retained his ranking as America’s largest private farmland owner.
Who is the largest private land owner in us?
1. John Malone – 2,200,000 Acres. Billionaire John Malone has the title of the largest private land owner in the United States. His fortune was made in the media space, where he still today owns many media assets we all consume today.
Is China buying land in the US?
The most recent data collected under the Agricultural Foreign Investment Disclosure Act (AFIDA) shows Chinese investors held a little more than half of 1% of the overall 35.8 million acres of U.S. farmland and forest land under foreign ownership in 2019.
What ranches does Malone own?
Land ownership
Malone owns Silver Spur Ranches, a ranching and beef company which includes the Silver Spur Ranch in Encampment, Wyoming, Bell Ranch and the TO Ranch in New Mexico as well as ranches in Walden, Colorado and Kiowa, Colorado.