Reasons Why Bill Gates Is Now America’s Biggest Farmland Owner
February 28th, 2021The inflation hedge is definitely a part of it, but my guess is that future production of dangerous frankenpHood is the main driver.
Via: New York Post:
For investors who know what they’re doing, agricultural land offers financial stability in uncertain times.
“Farmland has had a remarkably consistent ability to hedge against inflation,” Sherrick says.
And it tends to be “negatively correlated” against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up.
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Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. In his new book, “How to Avoid a Climate Disaster,” Gates explains why raising beef cattle causes more harmful emissions than other forms of agriculture. He hopes plant-based substitutes will allow us to “cut down on meat eating while still enjoying the taste of meat.”
