Yahoo Finance Invest in Farmland Like Bill Gates With This Industry Leader
Bill Gates is the largest private owner of farmland in the United States with a portfolio of nearly 250,000 acres, according to The Land Report.
When asked why he's been purchasing so much farmland in an "Ask Me Anything" session on Reddit, Gates responded, "I own less than 1/4000 of the farmland in the US. I have invested in these farms to make them more productive and create more jobs. There isn’t some grand scheme involved – in fact, all these decisions are made by a professional investment team."
If you think Gates is making a smart move by investing in farmland, you can do the same with this real estate investment trust (REIT) focused on farmland.
Don't Miss:
Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
Want To Grow Your Wealth Passively? Unlock Real Wealth with Cityfunds’ Exclusive 8% Yield Fund.
Farmland Partners
Farmland Partners (NYSE:FPI) is the largest farmland REIT in the United States by acreage. Its portfolio consists of nearly 300 farms totaling approximately 171,000 acres across 17 states as of its most recent investor presentation.
Farmland Partners currently pays a quarterly dividend of $0.06 per share, equating to an annualized dividend of $0.24 per share, which gives its stock a yield of about 2.3% at the time of this writing.
While its yield isn't very high, it's important to note that Farmland Partners paid a special dividend of $0.21 per share in January because of strong asset appreciation. With the special dividend included, the company declared $0.45 per share in dividends in 2023, which would equate to a yield of about 4.3% at today's levels.
Read Next:
Elon Musk Is Bullish On Austin. Here’s How To Invest In The City’s Growth Before He Floods It With New Tech Workers.
Whole Foods’ Landlord Has Achieved A 15% Net IRR For Accredited Investors Since 2015 — Discover The Latest Investment Opportunities On Its Platform.
Image Credit: Shutterstock
"ACTIVE INVESTORS' SECRET WEAPON" Supercharge Your Stock Market Game with the #1 "news & everything else" trading tool: Benzinga Pro - Click here to start Your 14-Day Trial Now!
Get the latest stock analysis from Benzinga?
This article Invest in Farmland Like Bill Gates With This Industry Leader originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
