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Posted by: lapsed2 ( )
Date: June 24, 2021 10:01AM

This was an interesting find this morning.
https://www.yahoo.com/news/mormon-church-beat-bill-gates-081849358.html



Edited 2 time(s). Last edit at 06/24/2021 09:50PM by lapsed2.

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Posted by: Brother Of Jerry ( )
Date: June 24, 2021 10:27AM

The story behind how the land came up for sale is more interesting. A farmer from Nampa started ranching and farming in the eastern WA area in the 1950s and grew the operation to 18,000 acres,

The grandsons lost $200 million in commodity speculation and is being sued for defrauding Tyson Foods, which drove them into bankruptcy.

Fraud and Nampa makes me wonder if there isn’t a Mormon connection for the now former owners.

Oh, and this purchase puts LDS Inc land holdings in WA and OR at over 100,000 acres. That’s roughly the size of the entire east bench of Salt Lake County.

Seems the most valuable think about this land is substantial Columbia River water rights.



Edited 1 time(s). Last edit at 06/24/2021 10:29AM by Brother Of Jerry.

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Posted by: cludgie ( )
Date: June 25, 2021 12:06PM

People in general do not appreciate how many millions or billions the LDS church makes/has made in water rights. Remember, for instance, that the Mormon church owns all the water that serves North Las Vegas. The senior owners of water rights in Utah and neighboring areas, and that's the Mormon church, the original owner of all regional water rights. They see nothing wrong with playing hardball with state residents' water. Just good business. Otherwise, it's still a mystery what Jesus thinks he will do with all that cold cash.

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Posted by: kathleen ( )
Date: June 25, 2021 12:58PM

They’ll expect Him to give 10% of it back.

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Posted by: Shinehah ( )
Date: June 24, 2021 11:00AM

Is a church who can outbid a billionaire really a church?

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Posted by: anybody ( )
Date: June 24, 2021 11:53AM


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Posted by: Dr. No ( )
Date: June 24, 2021 04:26PM

seems neither pay taxes

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Posted by: Lot's Wife ( )
Date: June 24, 2021 04:31PM

Tru, dat.

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Posted by: Leona Helmsley ( )
Date: June 24, 2021 10:21PM


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Posted by: Heartless ( )
Date: June 24, 2021 08:13PM

Better question

Does Bill Gates know when he'd overpay?

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Posted by: [|] ( )
Date: June 24, 2021 07:53PM

Why does the title of the thread say Florida?
The story is about farmland in Washington.

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Posted by: Lot's Wife ( )
Date: June 24, 2021 07:58PM

Because Florida is Washington (give or take 3,000 miles and a lot of clothing).

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Posted by: [|] ( )
Date: June 24, 2021 08:10PM

Yeah, you have to watch out for those Washington alligators.

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Posted by: Lot's Wife ( )
Date: June 24, 2021 08:24PM

And the Floridian Sasquatches!

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Posted by: [|] ( )
Date: June 24, 2021 08:31PM


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Posted by: Shinehah ( )
Date: June 24, 2021 09:17PM

I set up my trail camera deep in the swamp hoping to capture a photo of a skunk ape. All I got was a photo of the Three Nephites.

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Posted by: lapsed2 ( )
Date: June 24, 2021 09:48PM

Oops. You’re right. I’ll try to fix it.

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Posted by: Tara2notloggedin ( )
Date: June 29, 2021 05:56PM

Perhaps some Freudian confusion about landholdings in Central Florida. See Deseret Ranches.

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Posted by: [|] ( )
Date: June 24, 2021 09:03PM

https://www.sltrib.com/religion/2021/06/24/latest-mormon-land-church/

"Property Reserve bought a 200-room Residence Inn by Marriott on Maui for nearly $100 million, according to Pacific Business News."

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Posted by: babyloncansuckit ( )
Date: June 24, 2021 09:08PM

“The Church of Jesus Christ of Latter Day Saints has also been suffused with positive agrarian values from its inception. Man’s duty… is to strive for independence, which means, among other things, that he is to be self-sustaining; a powerful impetus for subsistence agriculture.”

So how long will these subsistence farmers take to pay back the $210 million?



Edited 1 time(s). Last edit at 06/24/2021 11:32PM by babyloncansuckit.

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Posted by: summer ( )
Date: June 25, 2021 08:36AM

Yet another large block of valuable agricultural land falls to corporate farming.

Overall, the Mormon "church" owns at least twice as much agricultural land as Bill Gates does.

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Posted by: JoeSmith666 ( )
Date: June 26, 2021 08:08AM

summer Wrote:
-------------------------------------------------------
> Yet another large block of valuable agricultural
> land falls to corporate farming.
>
> Overall, the Mormon "church" owns at least twice
> as much agricultural land as Bill Gates does.


They can't do this in North DAkota. Farms and ranches have to be owned by a living North Dakota resident. No Corporate ownership other than closely held Family Corporations - who are actual North Dakota residents.

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Posted by: summer ( )
Date: June 26, 2021 08:10AM

I like that rule.

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Posted by: Brother Of Jerry ( )
Date: June 25, 2021 11:40AM

I just had an interesting thought. We know LDS Inc hates transparency, and now they have to file quarterly publicly available reports on the Ensign Peak stock portfolio that is worth $100B.

I wouldn’t be surprised if they move as much of their money as they can out of publicly traded companies (stocks) and into land, which I don’t think has the same requirement of public disclosure of holdings, or quarterly reporting of value.

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Posted by: wondering ( )
Date: June 25, 2021 02:23PM

Wow, that’s a lot of tithings.

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Posted by: GNPE ( )
Date: June 28, 2021 09:27PM

Sadly, ChurchCo members have been bamboozled into tolerated excesses as normal.

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