Business
Nothing beats land: Bill Gates is now America’s biggest farmer – Sydney Morning Herald
The Microsoft billionaire has been buying up prime agricultural land at a rapid rate, but is it for the sake of the planet, or purely financial?
It was 2017 when the purchasing really picked up. Cascade splashed more than half a billion dollars on more than 100,000 acres across nine states. The following year, a further $US171 million went on buying 14,500 acres in those idyllic Horse Heaven Hills, for a total of around $US690 million in just a few months.
That sum may only represent about half a per cent of Gatess wealth. And 269,000 acres may only represent about a quarter of a per cent of US farmland. But it is still a staggering space…
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