June 23, 2022
North Dakota Attorney General’s Office Looks Into Bill Gates-Related Farmland Sale
“The North Dakota Attorney General’s office is looking into a land transaction between a prominent Grafton, North Dakota, potato farming family and a trust associated with billionaire Microsoft co-founder Bill Gates.
In a letter dated June 21, 2022, and addressed to the Red River Trust, care of trustee Peter Headley, in the trust’s Lenexa, Kansas, office, and also at an office in Grafton, North Dakota, where Campbell Farms is headquartered and still operates.
The attorney general’s office notified the trust that all corporations or limited liability companies are ‘prohibited from owning or leasing farmland or ranchland in the state of North Dakota,’ and from ‘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.”
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