Also, because youre investing in the land itself, your investment not only is quite resistant to depreciation, but also provides some solid tax benefits due to be land ownership. Agricultural technology advances of the future, or Agri-Tech, will create super productive seeds, sustainable biofuels and super crops. Microsoft co-founder Bill Gates is well known for his philanthropy and his crusade against climate change. More often than not, farmland sales involve hundreds of acres. Gates is a renowned software developer, international philanthropist, noted business magnate, and investor. The cost is prohibitive for agricultural use of water. The soil profile and underlying silty loess are in a league of their own. Anyone who has ever studied the Columbia River Basin knows that the tillable acreage there is coveted ground, a geologic wonder. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a small part of the estimated 911 million acres of farmland in the US. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. The buyer, Red River Trust, is tied to Bill Gates . Think about how much Bill Gates would have lost if he hadn't diversified in 1999. Perhaps history is repeating itself? Why Is Bill Gates Buying Farmland? You'll be Surprised In 1999, Cascade Investment made an interesting decision: Gates sold over 7 million personal Microsoft shares to further diversify his portfolio. Other questions put to Gates during his Reddit AMA session similarly touched on the sustainability of the agrifood system. Futures: at least 10 minute delayed. This story has been shared 240,292 times. New seeds can reduce water use but some areas wont be able to farm as much.. Gate's acquisition of so much American farmland may aid in manifesting technological improvement endeavors. Check out current deals on AcreTrader now! BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. However, no one knows precisely when that will happen. Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce. In 1994, the Gateses hired the former Putnam Investments bond-fund manager to diversify the couples portfolio away from the Microsoft cofounders 45% stake in the technology giant while maintaining comparable or better returns. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. According to public records, the billionaires portfolio includes shares in Warren Buffetts Berkshire Hathaway conglomerate, a Coca-Cola bottling company, and the tractor manufacturer Deere & Co., among other non-flashy investments.
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