Bill Gates invests in agriculture! The most famous billionaire has decided to spend $171 million to buy 14,500 acres of farmland in Southern Washington. This became the most expensive U.S. land sale in 2018.
The purchase of Gates includes 10,500 acres of irrigated farmland, 3,900 of rangeland and about 140 in an area known as Horse Heaven Hills.
“Growers in Horse Heaven Hills produce apples, cherries, carrots, dryland and irrigated wheat, and row and field crops,” says soil scientist, geologist, and viticulturist Dr. Alan Busacca, professor emeritus at Washington State University.
Now we see that even tech giants turn to agricultural investments. It shows the stable growth of the global agricultural market, which will probably motivate other huge investors to give more and more money to the farming sector.
