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Bill Gates’ purchase of North Dakota farmland is “lively” by the locals.

A group associated with billionaire Bill Gates purchased 2,100 acres of potato farmland in northern North Dakota and urged the state’s chief prosecutor to intervene in response to complaints from locals.

Public records Quoted by AgWeek The Red River Trust, linked to Gates, indicates that it purchased farmland from the owner of Campbell Farm, a potato farming group headquartered in Grafton, North Dakota, about 50 miles from the Canadian border.

North Dakota Agricultural Commissioner Doug Gering Told KFYR Public reaction to the purchase was generally negative.

“I listened a lot to this from the clarity of the whole state, not even from its neighborhood,” Goering said.

“They are upset, but there are others who are just fascinated by this.”

Gates, a millionaire tech tycoon and philanthropist, has a net worth Nailed by Bloomberg For $ 113 billion, it quietly collected nearly 270,000 acres of farmland nationwide. According to the Associated Press..

Microsoft’s co-founder, according to last year’s edition, is considered the largest private owner of approximately 269,000 acres of farmland across dozens of states. Land Report 100The largest annual survey of landowners in the country.

Gates is said to own about 270,000 acres of farmland nationwide.
Getty Images of Time

The trustee of the Red River Trust is Peter Headley, who identifies himself on the LinkedIn page as Head of Agricultural Investment Management at Investment Management Co. A2020. Articles by NFU Charitable Trust Headley claimed to have once led an entity called “Cottonwood” called “ag-investment platform” by Bill & Melinda Gates.

Earlier this week, North Dakota Attorney General Drew Wrigley wrote to the Red River Trust, which takes care of Headley, and companies and limited liability companies “owned or leased North Dakota farmland and ranches. It is forbidden. “

Wrigley wrote that these entities were also forbidden to “engage in agriculture or ranch.”

A group associated with Bill Gates has purchased a vast farmland in Pembina County, North Dakota.
A group associated with Bill Gates has purchased a vast farmland in Pembina County, North Dakota.
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“In addition, the law imposes certain restrictions on the capacity of trusts that own farmland or ranches,” the letter said.

Most of the unirrigated land was transferred to the Red River Trust on November 2nd and 3rd last year. The Red River Trust submitted documents to the North Dakota Secretary of State’s office on February 15, this year. The entity shares the same address as Campbell Farm.

Trust and Headley were given 30 days to reply to the letter.

Attorney General Drew Wrigley, North Dakota Supreme Law Enforcement Officer
Attorney General Drew Wrigley, North Dakota’s Supreme Law Enforcement Officer, has sent a letter to a Gates-linked organization warning that the purchase of farmland may be illegal.
AP

“Our office needs to see how your company uses this land and whether this use meets any of the statutory exceptions, such as exceptions for business purposes.

Gates, AskMe Anything Session With Reddit Last year, his “investment group” said it was behind the purchase, suggesting that it was related to the development of seeds and biofuels.

“The agricultural sector is important,” he writes. “More productive seeds can help avoid deforestation and address the climate problems that Africa is already facing. It’s unclear how cheap biofuels are, but if they are cheap. Can solve aviation and truck emissions. “

According to North Dakota’s Corporate Law or Limited Liability Company Agriculture Law, there are “specific exceptions, such as permits for registered family-owned farms and permits for the use of land for business purposes.”

Wrigley’s office said the Red River Trust “may have acquired land for agriculture or ranch in Pembina County on November 4, 2021” and “caught our attention.”

According to the letter, a company or LLC found to be “violating” the law has up to a year to sell from land or face a “up to $ 100,000” fine.

Bill Gates’ purchase of North Dakota farmland is “lively” by the locals.

Source link Bill Gates’ purchase of North Dakota farmland is “lively” by the locals.

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