EXCLUSIVEMormon church now owns $2BILLION of US farmland, with more acreage than Bill Gates and China combined: Huge land grabs in Nebraska and Florida spark backlash from local farmers

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The Mormon church has sparked a fierce backlash from local farmers after snapping up around 370,000 acres of prime ranch land in Nebraska, with the Utah-based religion now owning at least $2billion of agricultural terrain across the country, DailyMail.com can reveal.

The Church of Jesus Christ of Latter-day Saints (LDS), commonly known as the Mormon church, has bought more land than anyone else in the state over the past five years, according to The Flatwater Free Press.

It now owns an estimated $134million worth of agricultural land in Nebraska and is on track to surpass CNN founder Ted Turner as the single largest landowner in the state if it continues its spree at the current rate.

But the church has provoked the ire of the Nebraska Farmers Union, whose president John Hansen told DailyMail.com that its land grab was driving up prices and forcing out local farmers.

‘It’s not fair competition when folks bring in that much outside money and bid against local farmers and ranchers,’ he said.

The Mormon church owns at least $2billion worth of US agricultural land, according to DailyMail.com analysis of data collected by nonprofit newsroom Truth & Transparency. But other estimates based on current market values put the figure as high as $12billion

Content retrieved from: https://www.dailymail.co.uk/news/article-12868689/mormon-church-owns-land-bill-gates-china.html.

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