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-Land of the Free
Bill Gates wins legal approval to buy huge swath of North Dakota farmland worth $13.5M after outcry from residents who say they are being exploited by the ultra-rich
2022-07-02
[Daily Mail, where America gets its news]
  • Bill Gates has secured legal approval for his North Dakota farmland purchase

  • Gates' firm, Red River Trust, purchased 2,100 acres in the state for $13.5 million

  • But the deal drew scrutiny under a 1932 anti-corporate farm ownership law

  • Now state AG says the deal is legal, because the land will be leased to farmers

  • Gates is the largest single owner of US farmland, with some 270,000 acres
Related:
North Dakota: 2022-06-30 Ghislaine Maxwell may do time at celeb jail that housed Teresa Giudice, Lauryn Hill
North Dakota: 2022-06-25 Purchase of prime North Dakota farmland tied to Bill Gates sparks outrage
North Dakota: 2022-06-23 Trust 'linked to Bill Gates' is asked by North Dakota AG to explain how it got 2,000 acres of land worth $13.5M near Canadian border when state law puts limits on who can own ranches
Posted by:Skidmark

#9  He will probably use the land to grow his crappy beef that nobody wants to eat. No real need to around here. There is plenty of roadkill available throughout NE Ohio. As long as they don't vaccinate all the squirrels, it is probably a safer and tastier diet for me.
Posted by: Super Hose   2022-07-02 20:58  

#8  Gates is the largest single owner of US farmland, with some 270,000 acres

I find this surprising for the U.S..I've worked on sheep stations bigger than that
Posted by: Classer   2022-07-02 19:26  

#7  If the land is not used to grow crops or graze stock...

A number of USDA programs such as the Conservation Stewardship Program pay 'farmers' to not use their land.

Rage may know more about taxing the income.

Posted by: Skidmark   2022-07-02 17:46  

#6  Geez the old timey robber barrons used to spend some of their obscene riches putting up a few hospitals and libraries once in a while
Posted by: Glomp Thud5854   2022-07-02 13:18  

#5  If the land is not used to grow crops or graze stock at the usual utilization per acre rate, tax it at a commercial rate.
Posted by: Procopius2k   2022-07-02 11:51  

#4  It looks like Bill bought all the arable land in New Mexico.
Posted by: Bubba Lover of the Faeries8843   2022-07-02 10:51  

#3  The map makes it look like he owns a third of the land in the US. If just his holdings in each state were represented in green, most of the green lines would be too thin to see.
Posted by: M. Murcek   2022-07-02 08:40  

#2  270000 / 896.6 million = 0.000301138
Posted by: M. Murcek   2022-07-02 08:35  

#1  
Posted by: Skidmark   2022-07-02 08:30  

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