A recent purchase of 2,100 acres of prime North Dakota farmland by a group tied to billionaire Bill Gates has some in the state concerned that they are being exploited by the ultra-wealthy.
Gates owns some 269,000 acres across dozens of states, according to last year’s edition of the Land Report 100, an annual survey of the nation’s largest landowners. The Microsoft co-founder is considered to be the largest private owner of farmland in U.S. He owns less than 1% of the nation’s total farmland.
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