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North Dakota farmland sale tied to Bill Gates gets legal approval
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Red River Trust, an entity tied to Microsoft co-founder Bill Gates, secured legal approval to purchase thousands of acres of land in North Dakota.
The trust purchased 2,100 acres of Campbell Farms' farmland, which spans two counties, for about $13.5 million – roughly $6,400 per acre – despite backlash from the community, according to multiple reports.
According to documents from the office of North Dakota Attorney General Drew Wrigley, which were obtained by FOX Business, the sale was made Nov. 4, 2021.
Several months later, on June 29, Wrigley notified Red River Trust that its "current ownership and lease of the land to Campbell Farms, a general partnership, is in compliance" with the law.
PURCHASE OF PRIME NORTH DAKOTA FARMLAND TIED TO BILL GATES SPARKS OUTRAGE
Gates is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last year’s edition of the Land Report 100, an annual survey of the nation’s largest landowners. He owns less than 1% of the nation’s total farmland.