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CATTLEGATE: 2 Land Titans Vie For Massive Swath Of Easterday Property In Southeast Washington
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Nearly 12,000 acres of Easterday family farmland in Benton County will likely sell for more than its $210 million asking price, according to court documents and sources with knowledge of the deal. Two big players are vying for the sweeping property near the Columbia River: Farmland Reserve’s AgriNorthwest, which is backed by the The Church of Jesus Christ of Latter-day Saints , and Seattle-based Bill and Melinda Gates’ Cottonwood Ag Management. The highest bidder will be confirmed at a bankruptcy auction held next week. The deal is subject to the federal court’s sale hearing on July 14. “(Large investors) will go to wherever the opportunity is,” says Denis Hayes, president of the Bullitt Foundation in Seattle, which funds environmental projects in the Northwest. “If you’re going to be buying a farm, and if you can get it in particular in a place where you’re guaranteed access forever to high-quality water, that makes it a very attractive investment whether you’re Chinese, or Dutch or
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