Invest like Bill Gates in this market leader

Bill Gates is the largest private farmland owner in the United States, with a portfolio of approximately 250,000 acres, according to Land Report.

Asked in a Reddit Ask Me Anything session why he was buying so much farmland, Gates replied, “I own less than 1/4,000th the amount of farmland in the United States. has invested in increasing the productivity of these farms and making them more productive.” Create more jobs. There's no grand plan there. In fact, all these decisions are made by a professional investment team. ”

If Gates thinks he's making a smart move by investing in farmland, he could do the same with this farmland-focused real estate investment trust (REIT).

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farmland partner

farmland partner (NYSE:FPI) owns, leases, and manages high-quality agricultural land. As of September 30, 2023, its portfolio consisted of approximately 178,200 acres of farmland across 20 states, including Alabama, California, Florida, Iowa, Kansas, Missouri, South Carolina, Texas, and Virginia, making it the largest agricultural REIT in the United States. It becomes. States by area. In addition, the company owns the land and buildings for his four farm equipment dealerships in Ohio, which are leased to his Ag Pro. John Deere & Company (NYSE:DE) brand.

Farmland Partners currently pays a quarterly dividend of $0.06 per share, which equates to an annualized dividend of $0.24 per share, yielding approximately 2.1% at current levels. While its yield isn't spectacular, it's important to note that it paid a special dividend of $0.21 per share earlier this month due to the significant appreciation in its assets. Including the special dividend, the company declared a 2023 dividend of $0.45 per share, which equates to a yield of about 3.9% at current levels.

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Invest like Bill Gates in this market leader

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farmland partner

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