I found the following information on wikipedia, so take it for what it's worth:
The remaining assets include direct investments in for-profit businesses managed through Deseret Management Corporation. Although the LDS church is a tax-exempt organization, its for-profit entities generate "unrelated business income" that is subject to federal, state, and local income and other taxes.
Subsidiaries of Deseret Management Corporation
Agriculture - Farmland Reserve Inc.
Farmland Reserve Inc. - over 312,000 acres (1,260 km²) in Florida (dba Deseret Cattle and Citrus).
Not quite true, Deseret Ranch LLC and “the Church” has forced the area to remain unincorporated for much of the last 20 years, significantly reducing the value of adjacent land as there are almost no municipal services.
The whole ranch will some day become a metroplex (with upwards of a half millino residents) according to the State of Florida master plan called Project 2060. Figure 6 on page 15:
http://www.1000friendsofflorida.org/PUBS/2060/Florida-2060-Report-Final.pdf
That plan was made during the peak of the RRE bubble... however the Deseret Ranch LLC was/is on board eventually turning the ranch into MCsuburbia.
“Although the LDS church is a tax-exempt organization, its for-profit entities generate “unrelated business income” that is subject to federal, state, and local income and other taxes.”
Thanks for the information. If that’s true, it lessens the outrage, but still leaves me with many questions about them.
Trying to counter the caterwauling of libtard lynch mobs with facts!