Invest In Farmland Like Bill Gates, With These REITs Yielding Up To 4.1%

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Invest In Farmland Like Bill Gates, With These REITs Yielding Up To 4.1%
Invest In Farmland Like Bill Gates, With These REITs Yielding Up To 4.1%

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Bill Gates, the largest private owner of farmland in the United States with nearly 250,000 acres in his portfolio, has drawn attention to the growing allure of farmland as an investment.

For those intrigued by agricultural land’s stability and long-term value, farmland real estate investment trusts (REITs) offer a practical way to gain exposure to the asset class. These REITs allow investors to benefit from the growing demand for food and agricultural products without the large upfront costs or operational complexities of buying and managing a farm.

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Here are two farmland REITs you could invest in today.

Gladstone Land Corp.

As of June 30, Gladstone Land Corp. (NASDAQ:LAND) owns and manages 168 farms containing approximately 111,836 acres across 15 states. Gladstone primarily focuses on farms that grow fresh produce annually, including most fruits and vegetables, as well as certain permanent crops, including blueberries and nuts.

Gladstone Land currently pays a monthly dividend of $0.0467 per share, which equates to an annualized dividend of $0.5604 per share and gives its stock a yield of about 4.1% at the time of this writing.

In addition to a high yield, Gladstone Land offers dividend growth. It raised its dividend by 0.2% in July, marking the 35th time the company has increased its dividend over the prior 38 quarters. The company also notes that it has paid 137 consecutive monthly dividends since its initial public offering in January 2013.

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