The letter stipulated that under North Dakota law, there are “certain limitations on the ability of trusts to own farmland or ranchland.”
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
“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 continued.