The inflation hedge is definitely a part of it, but my guess is that future production of dangerous frankenpHood is the main driver.
Via: New York Post:
For investors who know what they’re doing, agricultural land offers financial stability in uncertain times.
“Farmland has had a remarkably consistent ability to hedge against inflation,” Sherrick says.
And it tends to be “negatively correlated” against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up.
Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. In his new book, “How to Avoid a Climate Disaster,” Gates explains why raising beef cattle causes more harmful emissions than other forms of agriculture. He hopes plant-based substitutes will allow us to “cut down on meat eating while still enjoying the taste of meat.”
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