The North Dakota Attorney General’s office is investigating a land transaction involving one of the biggest farmland owners in America, billionaire Bill Gates.
In a letter dated June 21, Attorney General Drew Wrigley’s office asked the Red River Trust, an entity connected to Gates, about a recent purchase of a multi-thousand-acre potato farm, according to local news KFYR.
Wrigley’s office informed the trust that all corporations or limited liability companies are strictly “prohibited from owning or leasing farmland or ranchland in the state of North Dakota” and “engaging in farming or ranching.”
“In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland,” the letter said.
North Dakota AG Commissioner Doug Goehring told KFYR that many people across the state are “upset” and “livid” about the billionaire purchasing farmland.
Over the years, Gates has quietly amassed 270,000 acres of farmland across the country through personal investment vehicles
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