Bill Gates spent $171 million to buy 14,500 acres of farmland in Southern Washington, the most expensive U.S. land sale so far this year, according to the Land Report.

The Microsoft Corp. co-founder bought the property last month from John Hancock Life Insurance Co., which paid $75 million for it in 2010, the magazine that focuses on land investing reported. The purchase includes about 10,500 acres of irrigated farmland, 3,900 of rangeland and about 140 in an area known as Horse Heaven Hills.

Read more here

Source: farmlandgrab