by Liza Carlisle at The Republic Brief
North Dakota is a state filled with farms.
Farmland covers nearly 90% of North Dakota’s land area, with the average farm spanning about 1,512 acres, according to the North Dakota Department of Agriculture.
Farms in N.D. average 1,512 acres each.
North Dakota is known for its family farms, and for the farm family culture that permeates the state.
Red River Trust, according to Dunn and Bradstreet, was founded in 2010 to specialize in Trusts, has 2 employees, and estimated revenues of $89,000.
Agweek reported that Red River Trust has purchased about 2,100 acres of northern Red River Valley farmland in North Dakota in a deal quietly worked out with the owners of Campbell Farms, a potato farming group headquartered in Grafton, North Dakota last November.
Public deeds show the transaction totals about 13.5 million.
The mostly non-irrigated land in Pembina County was transferred to Ted River Trust and trustee Peter Headley.
The trust is stated as being located at 8789 Penrose Lane, Suite 400, Lenexa, Kansas which is a suburb of Kansas City.
That is the same address as Cottonwood Ag, or Cottonwood Farms and Oak River Farms/Midwest, Agweek wrote.
Agweek was unable to reach any participants in the deal for comment.
Microsoft co-founder Bill Gates has been diversifying his tech investments with investments in land, specifically farmland.
Crosscut reported that thanks to some scrupulous digging by industry journal The Land Report, which tracks land ownership across the country, we now know that Microsoft co-founder Bill Gates has another feather in his multi-hyphenated career cap: America’s Top Private Owner of Farmland.
Gates has spent years quietly diversifying his $129 billion fortune…
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