Microsoft co-founder Bill Gates, and co-chair of the Bill and Melinda Gates Foundation, is the largest private owner of farmland in the United States with approximately 269,000 acres across multiple states, accounting for 1% of the country’s total farmland.
On September 9, 2022, India banned the export of broken rice, which will most likely increase pressure on the supply chain as India accounts for 40% of the world rice trade, according to The Wall Street Journal.
Additionally, the war between Russia and Ukraine is adding another strain to global food supply chains as the two countries are among the top grain exporters. With a dwindling global food supply, two companies in the Bill and Melinda Gates Foundation’s portfolio are benefiting from farm equipment purchases.
Caterpillar Inc CAT offers a dividend yield of 2.54%, or $4.80 per share annually through quarterly payments, with an aristocratic track record of growing its dividends for 29 years. Caterpillar is an iconic manufacturer of heavy equipment, powertrain solutions and locomotives and as of 2021 is currently the world’s largest manufacturer of heavy equipment with a market share of over 13%.
Caterpillar Products will be available from 2021 through a global dealer network of around 2,700 stores maintained by 160 retailers.
During the second quarter, Caterpillar repurchased $1.1 billion of its common stock, paid $0.6 billion in dividends and ended the period with $6.0 billion in company cash.
Cash: Deere & Company, Mosaic and this retailer are CNBC’s latest trades
Deer and Co. EN offers a dividend yield of 1.21%, or $4.52 per share annually using quarterly payments, with a decent track record of increasing its dividends for two straight years. Deere is the world’s leading manufacturer of agricultural machinery and produces some of the most well-known machines in the heavy equipment industry.
Deere products are available through an extensive dealer network that…
