American billionaires are showing off their farmland for elaborate hobbies, but a buying spree among the ultrarich risks pricing farmers out

A wealthy elite, captivated by the great outdoors, are acquiring vast expanses of farmland for personal indulgences, sparking concerns among agriculture advocates. Prominent figures like Mark Zuckerberg and Alexis Ohanian have embraced the pastime, showcasing their ranches and farms on social media. Zuckerberg's Ko'olau Ranch on Hawaii's Kauai, a $300 million property, now spans 4,000 acres, while Ohanian's Florida farm features banana plants, herbs, and beekeeping.

However, these hobbies pose a threat to traditional farmers. According to the 2025 Land Report 100, tech magnates like Bill Gates, Jeff Bezos, and Stan Kroenke own massive tracts of land, dwarfing the pursuits of the ultrarich in question. Farmland has transformed into a $4.3 trillion asset class, driven by its role as a hedge against inflation and the instability of conventional investments.

As demand escalates, the soaring cost of farmland could disadvantage genuine farmers. For newcomers aiming to purchase their first farm or existing farmers looking to expand, the high prices create formidable barriers. Erin Foster West, policy campaigns director for the National Young Farmers Coalition, warns that competition becomes increasingly difficult, leaving many farmers unable to secure loans, save for college expenses, or plan for retirement.

While leasing offers some advantages, such as relatively low annual rent increases, it also limits farmers' control over their land, hindering long-term investments. This shift in ownership patterns, fueled by the ultrawealthy's interests and AI hyperscalers seeking expansive land for technology, could significantly impact the livelihoods of American farmers.