Who Owns More Farmland: Bill Gates Or Gladstone?
Portfolio Pulse from Chris Bibey
Bill Gates, through Cascade Investment, owns approximately 242,000 acres of farmland across 19 states, making him the largest private owner of farmland in the U.S. In comparison, Gladstone Land Corp. (NASDAQ:LAND), a REIT specializing in farmland, owns about 116,000 acres across 15 states with a portfolio valued at $1.6 billion. Gates owns more than double the farmland of Gladstone.
December 23, 2023 | 1:00 am
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Gladstone Land Corp. owns approximately 116,000 acres of farmland, valued at $1.6 billion, and has a 99.9% occupancy rate. It is one of the largest farmland owners in the U.S. but owns less than Bill Gates.
The article compares the farmland holdings of Bill Gates and Gladstone Land Corp., highlighting the size and value of Gladstone's portfolio. While the information is directly relevant to Gladstone, it does not suggest any immediate financial impact, hence the neutral score. The importance is high due to the context of farmland ownership being a significant part of Gladstone's business model. The confidence level is high as the data is clearly presented in the article.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100