Shopping malls are like battlefields 2022-07-14 12:20 Published in Hubei
A few days ago, "Bill Gates became the largest private owner of farmland in the United States" was on the Weibo hot search. According to Associated Press recently reported that Microsoft founder Bill Gates has received approval from the judicial department of North Dakota in the central United States to purchase approximately 850 hectares of local farmland.
According to reports, Bill Gates’ Red River Trust previously purchased a large tract of farmland located in the northeastern part of North Dakota for US$13.5 million (approximately RMB 90 million). This news caused dissatisfaction among many local farmers.
Because previously, many younger farmers could rely on the price increase after purchasing farmland to obtain income, but this transaction of Red River Trust Fund will make them lose such opportunities.
On a legal level, North Dakota has previously prohibited some companies from owning farmland in parts of the state. There are exceptions, though. Local agricultural regulations allow individual trusts that sell farmland to farmers to own farmland, which is what the Red River Trust did in this case. The North Dakota Attorney General recently stated that the Red River Trust's transaction complied with local laws and regulations and was approved.
According to reports, Bill Gates’ Red River Trust currently owns nearly 110,000 hectares of land in the United States, nearly 90% of which is farmland, distributed in 19 different states. According to local media reports in the United States, Bill Gates is now the largest private owner of farmland in the United States.
(CCTV Finance)
reading 802
