Posted on 06/22/2022 8:23:22 PM PDT by bitt
The AG of North Dakota has taken action with a inquiry after billionaire Bill Gates’ latest farmland purchase.
Bill Gates acquired six parcels of land in Pembina County. Tuesday, the office of the Attorney General sent out a letter asking the Red River Trust to confirm how the company plans to use the land and if it meets any of the exceptions to the North Dakota Corporate Farming Laws.
"Bill Gates acquired six parcels of land in Pembina County. Tuesday, the office of the Attorney General sent out a letter asking the Red River Trust to confirm how the company plans to use the land and if it meets any of the exceptions to the North Dakota Corporate Farming Laws. pic.twitter.com/MGGFKV16mm"
— DOCTOR FROM LONG ISLAND NEW YORK (@Doctorfromliny) June 22, 2022
Agricultural Commissioner Doug Goehring said “I’ve gotten a big earful on this from clear across the state, it’s not even from that neighborhood. Those people are upset, but there are others that are just livid about this.”
Per the DailyCaller “the letter stipulated that under North Dakota law, there are “certain limitations on the ability of trusts to own farmland or ranchland.”
“The Corporate or Limited Liability Company Farming Law has certain exceptions, such as permitting registered family farms or allowing the use of the land for business purposes,” the letter writes.
Those in violation are subject to a civil fine of $100k the letter states.
“Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as business purpose exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files,” the letter adds.
Probably going to disperse a plant virus that needs crops all over the country to properly disperse the pathogen. Not happy until 95% of us are dead.
“Gates is diversifying away from money”
Agreed
Land is good, until it isn’t.
Unless the owner is intending to keep it out of production.
But he would care about hedging against inflation.
.
Yep. It will be farrowed. Only solar powered tractors will be used. None being produced? Oh well!
Lots of cheap labor for all his new farms.
The keyword troll started drinking early today.
He is in manic phase.
I thought he was a vegetarian.
Or am I thinking of the other guy—Steve Jobs?
I know Jobs was.
Part of that surely spurred on as a result of his cancer.
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