The Red River Trust company, which is linked to billionaire Bill Gates, has actually gotten a letter from North Dakota‘s Attorney General over its recent acquisition of a big potato farm. The workplace of Attorney General Drew Wrigley informed the trust to possible state and federal law violations and asked for even more information.
Gates, the billionaire tech magnate, and benefactor whose net worth was pegged by Bloomberg at $113 billion has actually silently generated almost 270,000 acres of farmland throughout the nation.
According to a publication, a yearly research study of the country’s biggest landowners, the co-founder of Microsoft is considered as the largest personal owner of farmland in the nation with about 269,000 acres spread out throughout dozens of states.
Bill Gates – largest land owner in the USA.
All rich countries should move to 100% synthetic beef. It’s so important that government coercion could be necessary to change attitudes”
“You can sort of change the behavior of people or use regulation to totally shift demand.” pic.twitter.com/XT2qB8cWnc
— Bernie's Tweets (@BernieSpofforth) June 19, 2022
Peter Headley, who notes himself as the head of farm financial investment management at Investment Management Co. on his LinkedIn page, is the trustee of the Red River Trust. In a 2020 short article by NFU Mutual Charitable Trust, Headley had actually worked as the executive director of a business called Cottonwood, which was described as Bill and Melinda Gates’ “ag-investment platform.”
Previously today, a letter was sent out by Wrigley’s workplace to Red River Trust in Kansas, that corporations or limited liability companies are “prohibited from owning or leasing farmland or ranchland in the state of North Dakota” or “participating in farming or ranching.”
The Bismarck-based television station KFYR transmitted a copy of the very first page, verifying the letter’s presence. The letter, dated June 21, was likewise provided to the Grafton, North Dakota, Campbell Farm’s offices. Adweek reported on June 13 that Red River had actually gotten business from the Campbell siblings Bill, Greg, and Tom in November 2021 for $13.5 million in exchange for 2,100 acres of their potato farm.
The letter, released to Red River trustee Peter Headley, likewise mentioned that the statute enforces “some restrictions on the ownership of farmland or ranchland by trusts.”
The AG’s office will end its investigation if Red River can show that it has such an exemption, however, if they are discovered to be in violation of the law, they should sell the land within a year or run the risk of a fine of “up to $100,000,” the letter said.
Watch it here: Youtube/Kip Simpson
