South American Real Estate News

Have $1 billion to invest? Buy agricultural land is Lord Andrew Hay’s advice

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For a man with information on prime properties across the globe, Lord Andrew Hay can separate the wheat from the chaff. And that’s why the wish list of the global head of the residential division, Knight Frank, like many of today’s high-net-worth individuals (HNIs), involves investing in agricultural land.

Security plans

The regions that have found favour are Australia, Africa and South America, according to Hay. “We are losing 10 million hectares of productive land each year. There will be a food shortage worldwide by 2050, and, therefore, food security will be paramount,” said Hay. “If we are going to [continue to] feed the world’s population by then, we will have to replace that land with an area three times the size of France. So, as an investment class, it will be very important for the future.”

One of the people already doing this is Sir James Dyson, inventor and founder of British technology company Dyson Ltd, who Hay describes as one of the most intelligent men in the world. “Dyson has been investing heavily in farmland around the world because he has recognised that there will be a need to produce high-quality food,” he said.

Interestingly, the Chinese have identified this problem and are aggressively working on it. “The Belt and Road Initiative is their huge long-term strategic plan. They are investing a lot,” he said.

$1-billion Wish List

Hay reiterated his plan to invest in agricultural land when asked what he would do if he had $1 billion to invest. “As a long-term investment, not for my children but my grandchildren, farmland is very important,” he said.

“I am also passionate, and I love my superyachts, wine and classic cars. So, I would probably spend too much money on that. But I would be thrilled. You only live once, and being happy is quite important,” he added.

Source: The Economic Times

Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and disposal.

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Post available in: English

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