Joe Burrow, Blake Griffin Team Up to Buy $5 Million Farm in Iowa

BY: Skye Root
POSTED: January 11, 2023
IN: General
SHARE

Old MacDonald had a farm…and it’s gonna need a bigger trophy case.

Bengals quarterback Joe Burrow, Celtics power forward Blake Griffin, Blue Jays pitcher Kevin Gausman, Islanders winger Anders Lee, and several other professional athletes have teamed up to purchase a farm in Iowa. The farm in question is 104 acres and produces corn and soy. According to Front Office Sports, the purchase was made through a $5 million fund they all contributed to and was set up by Patricof Co., which sources investment opportunities for athletes.

So will Joe Burrow be out there riding a tractor during the offseason? Not exactly. The group plans to lease the land to farmers and take a single-digit-percentage annual return on the total investment. And they are actively planning to buy four more farms.

REPOSTED FROM ENTRETRENEUR.COM – READ FULL ARTICLE HERE

Related Posts:
Columbia Basin Project

Irrigation Systems and Food Production Irrigated agriculture is critical, supplying 40% of the world’s food despite having only 28% of cropland. Irrigation also stabilizes food production by separating crop yields from the risk of variable rainfall (Troy et al., 2015). However, history reveals that most irrigation systems eventually fail. In Pillar of Sand, Sandra Postel discusses… Read More »Columbia Basin Project

Commodity Market Outlook

Agriculture Commodity Price Forecast: Late 2024 into 2025 As the end of 2024 approaches, US farmers are focused on planning for 2025, anticipating how commodity prices for major agricultural goods like corn, soybeans, and wheat will fluctuate. Numerous factors, including global demand, input costs, and government policies, will impact the agricultural market. This guide explores the latest price forecasts for agricultural commodities… Read More »Commodity Market Outlook

Root Agricultural Advisory
2670 S. Eagle Rd. Meridian ID 83642
(208) 753-2333   info@rootagadvisory.com

© 2016-2025 RootAGAdvisory.com. All Rights Reserved