Mormon Church pays 289M cons.png

Mormon Church pays $289M for dozens of US farms

Article excerpts:

“The Church of Jesus Christ of Latter-day Saints’ real estate arm is acquiring more than 41,000 acres of land with the intention of leasing it to farmers.

Farmland Reserve, a nonprofit arm of the Mormon Church, is buying 46 farms from real estate investor Farmland Partners. The farms encompass 41,500 acres of land and include sites in Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma and the Carolinas.

The Mormon Church has for decades gobbled up farmland across the United States, quickly becoming a major landowner in areas like Florida and Nebraska.

The LDS Church owns approximately 1.7 million acres of land primarily used for agriculture, according to Landgate, a commercial real estate advisory service, making it one of the largest institutional landholders in the U.S.”

Link to full article: HERE