Buying farm land; Invest like a globalist
A reader came across a timely Forbes article regarding Bill Gates and his farmland investment activities. While I was not aware of this, we can see how investing in farm/ranch land can be a favorable long-term investment strategy. These globalists know what’s coming and so do we.
Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoors, has been quietly snatching up 242,000 acres of farmland across the U.S. — enough to make him the top private farmland owner in America.
After years of reports that he was purchasing agricultural land in places like Florida and Washington, The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland portfolio spanning 18 states. His largest holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588 acres). Additionally, he has a stake in 25,750 acres of transitional land on the west side of Phoenix, Arizona, which is being developed as a new suburb.
America’s Biggest Owner Of Farmland Is Now Bill Gates, Forbes, January 14th
Of course, I have always recommended direct ownership of “unimproved” farm/ranch land, and if you live in the rural areas, I prefer this over rental property ownership. This means that we seek land that has little to no improvements on it. Thus, we don’t pay up for land that contains preexisting structures and advanced street/utilities build-out. We look for farm/ranch land that has close proximity to some electrical source or irrigation access. We buy it purely for our intended purposes.
If I lived in a rural area, I would stay away completely from commercial rental property investing and stick to some residential property ownership, with an emphasis on direct ownership of farm & ranch land. If you live in the area you intend to invest, you have an advantage over others as you will be able to spot better land deals, especially with owners who are willing to transfer ownership via “contract for deed” or via other forms of seller financing.