Howe much can a farmer earn? It seems that there is no limit to it. There are farmers in the world who earn in millions and even in billions. Here, we tell you about these five rich farmers who made it to the top:
Lynda and Stewart Resnick (America)
Lynda Stewart and her husband Stewart Resnick started out with growing almonds, oranges, and grapefruits. Today, they own $4 billion. More than have of Americans purchase their company’s famous products like Fiji Water, POM wonderful, and Halos mandarin oranges. Lynda Resnick was a marketing genius who dropped out of college just at the age of fifteen to start her own ad agency. It was through this ad agency that they met each other. Steward Resnick had purchased his first bit of land in California in 1978. It later on went to become a huge business empire.
Qin Yinglin (China)
Qin Yinglin has a net worth of $2 billion. He owns his family business, Muyuan Foodstuff. This company is China’s largest pig breeder. It is also a very important supplier of pork. Yinglin started his business with just 22 pigs in the year 1992. In just one year, his farm raises 10 million pigs and slaughters 5 million of them.
The Armer family is the richest family in New Zealand. They have made a fortune of $535 million by running a successful dairy farm. Their company, Dairy Holdings, is the largest dairy farming conglomerate in the country. They started their business with just one farm house in the 90s. Today, they own more than 58 dairy farms along with cattle grazing grounds.
With a net worth of $6.6 billion, Liu Yongxing holds the record of being the richest farmer in the world. In 1982, Yongxing, along with his siblings had formed a company called the Hope Group. The company split in the early 1990s and he then established his own company, East Hope Group. East Hope Group produces animal feeds for chicks, fish, ducks, pigs, and other farm animals. There are mostly famous in China but now they are also being exported to other countries like Vietnam, Cambodia, Singapore, and Indonesia
Although Yongxing is now counted among the richest people in the world, he had very humble beginnings. Yongxing and his brothers sold their personal items like watches and bicycles in order to collect money for investment. They started their business by breeding quails and chicken.
Harry Stine (America)
Harry Stine’s name also belongs in the list of the richest farmers in the world. He has a net worth of $3.5 billion. Stine made this huge fortune by licensing corn and soybean genetics to big multinational companies like Monsanto and Syngenta. Stine, the son of a farmer, was fascinated by seeds when he was growing up at their family farm.
Stine is a math genius and his company, Stine Seeds, is the largest private seed company in the world. Soybean seeds have less sprouting capacity, as explained by this farmer, and Stine went ahead and made the best soybean seeds.
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Qin Yinglin (Chinese: 秦英林; pinyin: Qín Yīnglín, born 1965) is a Chinese agriculture tycoon, billionaire, Communist Party member, and the world's richest farmer. He is the chair and president of the pig farming company Muyuan Foodstuff and is one of the richest people in China. According to Bloomberg Billionaires Index, ...
Nearly half of the nation's top 100 landowners are billionaires, according to publicly available data, and many include farms and ranches among their holdings. Billionaire Stan Kroenke owns 1.6 million acres of land, including the largest ranch in Montana.
Stewart Allen Resnick (born December 24, 1936) is an American billionaire businessman. In 2018, Resnick was the wealthiest farmer in the United States.
Corn, soybeans account for more than half of the 2022 U.S. crop cash receipts. Crop cash receipts totaled $278.2 billion in calendar year 2022. Receipts from corn and soybeans accounted for $148.5 billion (53.4 percent) of the total.
The largest landowner in the world currently is King Charles III of England. How much land does the Royal Family own? He and the British Royal Family own more than 6,600,000,000 acres of land around the world. They technically own many territories around the globe, amounting to 1/6 of the surface of the planet.
In 2022, the median U.S. farm household had $1,376,404 in wealth. Households operating commercial farms had $3.5 million in total wealth at the median, substantially more than the households of residence or intermediate farms.
Stewart Resnick is more of an accidental agriculturalist who had previously made it big through a cleaning company, an alarm business and even as co-owner (with Lynda) of the Franklin Mint. The transition to farming came after he bought a small slice of Central Valley citrus groves in the late 1970s.
Although Bill Gates is the largest private farmland owner in the U.S., other billionaires are also landowners. The billionaire media mogul Ted Turner owns 2 million acres, while Amazon founder Jeff Bezos has amassed 420,000 acres.
The Land Report 100 research team analyzes transactions and scours records to determine America's leading landowners. That's how we broke the news in 2020 that Microsoft co-founder Bill Gates was America's largest farmland owner with more than 260,000 acres.
1: West Palm Beach GreenMarket - West Palm Beach, Florida. Inspired by visits to the public markets of Europe, former West Palm Beach Mayor Nancy Graham helped establish the first weekly public farmers market in Palm Beach County in 1995.
In the end, can you become rich through farming? Well, it's possible, but it's far from a straightforward path. If you're ready to put in the sweat, the time, and the passion, farming might just turn out to be a fertile ground for both crops and dreams.
While it is possible to generate enough income through farming 20 to 40 acres, in most cases folks approach this as a part-time venture. It is much better to select an income-producing idea that you enjoy and want to do even if no profit is realized.
China is the world's largest grain producer, yet has grown more dependent on food imports in recent decades. Much of India's output is produced by subsistence farmers and consumed locally. The U.S. is the world's top food exporter thanks to high crop yields and extensive agricultural infrastructure.
Introduction: My name is Wyatt Volkman LLD, I am a handsome, rich, comfortable, lively, zealous, graceful, gifted person who loves writing and wants to share my knowledge and understanding with you.
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