Bill Gates Triggers North Dakota Outrage With 2,100-Acre Farmland Buy
Bill Gates Triggers North Dakota Outrage With 2,100-Acre Farmland Buy
Shivdeep Dhaliwal – Yesterday 11:35 AM
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Bill Gates Triggers North Dakota Outrage With 2,100-Acre Farmland Buy© Provided by Benzinga
This article was originally published on June 24, 2022.
Microsoft Corporation (NASDAQ: MSFT) co-founder Bill Gates’ purchase of 2,100 acres of farmland in North Dakota is reportedly raising hackles among local residents and has led to the state’s top prosecutor intervening in the matter.
What Happened: North Dakota Attorney General Drew Wrigley shot off a letter to the Gates-linked Red River Trust this week, reported KFYR, Bismarck, North Dakota-based T.V. station.
Wrigley asked the company how they intend to use the land and if they meet exceptions to the state’s corporate farming laws.
“All corporations or limited liability companies (LLC) are prohibited from owning or leasing farmland or ranchland and from engaging in farming or ranching,” the letter states, as per the report.
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“In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland.”
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The company has 30 days to respond to the letter dated June 21. Public reaction to the Red River purchase has not been positive, reported KFYR.
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“I’ve gotten a big earful on this from across the state,” said North Dakota Agriculture Commissioner Doug Goehring.
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