Bankruptcy judge clears way for $209 million LDS church take over of Easterday farms

 

By Kristin M. Kraemer, Tri-City Herald (WA)

July 16, 2021

 

Yakima, WA / AgriNorthwest will soon add 18,000 acres to its agricultural land in Eastern Washington with the approved sale of Easterday properties.

 

A U.S. Bankruptcy Court judge on Wednesday signed off on last month’s winning bid by Farmland Reserve Inc.

 

The investment arm of The Church of Jesus Christ of Latter-day Saints — which also is the parent company of AgriNorthwest in Kennewick — came in with $209 million in a private auction. It is a nonprofit corporation based in Salt Lake City.

 

“Our successful bid reflects our long-term commitment to Columbia Basin agriculture,” Farmland Reserve CEO Doug Rose said in a news release. “We will be growing crops on these fertile fields for decades to come.”

 

The property is in the southeast corner of Benton County, along the Columbia River near Wallula Gap.

 

Documents show the property includes: Goose Gap Farm; River Farm; Nine Canyon Farm; Cox Farm; a farm manager house for employee housing; and a storage complex with potato and onion facilities.

 

Bankruptcy and fraud ...

 

Similar soils, crops ...

 

more, including links 

https://www.tri-cityherald.com/news/business/agriculture/article252812078.html