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Friday, 06/18/2021 5:32:06 AM

Friday, June 18, 2021 5:32:06 AM

Post# of 812

As Mother Jones recently reported, other large financial firms have sought to purchase agricultural land, too, even if they have no involvement in the day-to-day farming operations. Land Report, the outlet that named Gates the top private farm owner, notes several other families that claim well over 100,000 acres. The US Department of Agriculture estimates that about 30 percent of US farmland is rented out by owners who serve as landlords and aren’t involved in farming, like Gates.

All this is to say, it shouldn’t be surprising that Bill Gates, one of the wealthiest people in the world, makes investments to serve his own financial interests.

“It’s a good investment,” Johnathan Hladik, a farmer and the policy director for the Center on Rural Affairs. “It’s smart, it’s stable, and especially over the past couple decades, it seems to be going up.”

https://www.vox.com/recode/22528659/bill-gates-largest-farmland-owner-cascade-investments?utm_source=pocket-newtab