| Here is part of a story from the Forum, can't link it because of the pay wall. I only copied part of it, but you get the picture. The only surprise for me is the price. I sure thought Red River Valley land was worth more than $6,600 an acre. GRAFTON, N.D. — An entity associated with Bill Gates, the billionaire owner of Microsoft, appears to have 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 headquarted in Grafton, North Dakota, last November. Nobody involved in the deal seems eager to talk about it. Public deeds show the transaction totals about $13.5 million, with a rough average price in two counties of $6,400 per acre. Pembina County transfers break down to about $6,600 per acre. The Walsh County documents are complicated by river boundaries, but the sale price calculates to about $6,000. The Pembina records show “grantors” (sellers) are brothers “William T. (‘’Bill") Campbell, a married individual, Gregory T. (‘Greg") Campbell, a married individual and Thomas S. ("Tom") Campbell, a single individual.” Agweek left phone messages, emails and texts for Tom and Greg and visited offices of Bill at Campbell Properties, Fargo, without a response. |