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Keshav Sikdar
Program Officer | Resource Mobilisation & Communications | Mobile Creches
Published May 30, 2021
Self-made billionaire Qin Yinglin is the world's richest farmer with a $22bn (£17.82bn) personal fortune.
Chinese pig farmer Qin Yinglin has seen his net worth jump 341% in 2019 so far, making him the fastest-growing fortune on many world's recognized indexes and magazines like Forbes, Bloomberg Billionaires Index, The observer, and more.
Yinglin and his wife Qian Ying started their first pig farm in 1992 with just 22 piglets. By 2019 they had more than 10 million pigs within their Shenzhen-listed company Muyuan Foods. His Chinese pork empire has rocketed in the past year due to shortages and higher prices during the 2019 African swine flu outbreak and the subsequent COVID-19 pandemic.
A global shortage of pork allowed Muyuanto raise both its prices and its profits in the second half of 2019. China is both the world's largest producer and consumer of pork, and the shortage forced the Chinese government to pull the meat out of its stockpiles to meet the demand. The government even resorted to implementing artificial intelligence, facial recognition, and blockchain technologies on some farms to monitor the pig's health to no avail.
Qian Ying is not alone in China who benefitted from the global shortage of pigs due to African swine flu. A general perception can arise that it is a Chinese conspiracy to boost their meat industry but for how long countries like India will support its age-old agricultural policies. While socialism will continue to prevail to a certain extent in the form of subsidies, waivers, MSP procurement, and so forth, it is only the new reforms that can help farmers free themselves from decades of poverty.
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Need assistance to start my own farming.
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I like your story I’m trying to take a page out of your book
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Who knew pig passion could produce phenomenal profit? 🙂
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FAQs
Who is the richest farmer in the world? ›
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, ...
Who is the richest farmer in USA? ›The wealthiest farmer in the United States lives and farms in California. Stewart Resnick, 81, owner of The Wonderful Company and 65 percent of the nation's pistachios, has had a distinct and sweeping effect on agriculture in the Golden State. Throughout his life, he's rarely given interviews.
Who is the biggest farmer in world? ›The largest agricultural landowner is the Chinese dairy farm 'Mudanjiang City Mega Farm', which is owned by Russian and Chinese owners. More than 9 million hectares belong to the company.
How much American farmland does China own? ›China owns and controls almost 192,000 acres of farmland right here in the United States. To be clear, it's not a huge percentage of our total farm acreage by any stretch. According to the FDA, there are more than 35 million acres of farmland in the U.S. which are owned by foreign investors.
What farmer makes the most money? ›Livestock is probably the most common way farmers make money from their land. And while animals have a few more expenses and a higher overhead, they usually bring in top dollar in terms of net income.
Who owns the most US farmland? ›CLAIM: Microsoft co-founder Bill Gates owns the majority of America's farmland and the investment firm BlackRock holds the majority of single family houses in the country.
What US state grows the most food? ›The top 10 agriculture-producing States in terms of cash receipts in calendar year 2021 were (in descending order): California, Iowa, Nebraska, Texas, Minnesota, Illinois, Kansas, Indiana, North Carolina, and Wisconsin.
Who is the largest farmer in America? ›- Stewart & Lynda Resnick. Invest In Farmland Today!
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Which country has richest farmers? ›1. China. China has 7% of the arable land and with that, they feed 22% of the world's population.
Who is the king of farming? ›
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| Franklin Hiram King | |
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| Fields | agricultural scientist |
Farm operator households have more wealth than the average U.S. household because significant capital assets, like farmland and equipment, are generally necessary to operate a successful farm business. In 2021, the average U.S. farm household had $2,100,879 in wealth.