The Farm Gate$

What’s a billionaire technology titan to do when he’s looking to diversify his mega net worth?

Head to the farm.

The Land Report revealed that Bill and Melinda Gates are the largest private farmland owners in the United States. The couple owns 242,000 acres across 19 states with the largest stakes in Louisiana, Arkansas, and Arizona.

The backstory: The land portfolio has been pieced together over the past several decades by Gates’ personal wealth manager and director of holdings for the Bill & Melinda Gates Foundation. The goal was to diversify Gates’ investments away from tech holdings, a majority of his portfolio.

But when it comes to agriculture, it’s not Gates’ first rodeo.

Gates and his foundation have made headlines for investing +$100 million in international agriculture development programs. He’s also become a notable early-stage investor in a wide array of agrifood startups like AgBiome, Apeel Sciences, Stellapps, Pivot Bio, and more.

+ Also on the ‘Land Owners Leaderboard’? The ‘Wonderful Company’ owners, Stewart and Lynda Resnick. Known for their pomegranate and pistachio brand, the couple has racked up 190,000 acres.

Barley Beyond the Brew

EverGrain, an ingredient startup backed by beer giant Anheuser-Busch InBev, launched two barley-based products that bring new life to spent brewing grains.   

As they say, one person’s trash is another person’s treasure.

With sustainability in mind, EverGrain developed EverPro™, which packs a protein isolate punch in drinks, snacks, and protein bars. They also launched EverVita™, a flour ingredient that bolsters pasta, baked goods, and guilt-free snacks with extra nutrition and gut health benefits.

Both products use post-brewing barley that otherwise would be wasted, composted, or used as livestock feed.

By the numbers:

→ 5 years of R&D led to the EverGrain products

→ 95% solubility positions barley as a nutritionally dense beverage additive

→ 9 million metric tons of barley are used annually by brewers

 260+ AB InBev breweries yield 1.4 million metric tons of spent barley annually

Sound bite: “AB InBev is proud to support such a remarkable, purpose-driven venture with a mission to create incredible ingredients to nourish the world through the transformative power of circularity,” noted Tony Milikin, chief sustainability and procurement officer, AB InBev.

What’s ahead: EverGrain ingredients can already be found in products from Take Two, a barley milk company. More products will launch with commercial partners later this quarter.