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AgReserves Inc. sale makes Mormon Church Florida's biggest landowner

Purchase of timberland makes Mormon Church Florida's largest landowner Nov. 8, 2013 at 4:54 PM   |   0 comments
36 7 0 0 WATERSOUND, Fla., Nov. 8 (UPI) -- The Mormon Church is about to become Florida's largest landowner with a church affiliate, AgReserves Inc., buying 383,000 acres of timberland, the company said.

timberland AgReserves Inc., based in Utah -- a tax-paying affiliate of the church -- will buy land in nine Florida counties for $565,000 from the St. Joe Co., in a deal announced Thursday.

timberland shoes outlet The church already controls Deseret Ranches, a 290,000 acre ranching operation in central Florida, the Tampa Bay Times reported Friday. The size of the two enterprises is greater than that of any other private landowner in the state.

timberland boot outlet AgReserves intends to keep using the land acquired from St. Joe for timber and agriculture, said Paul Genho, chairman of the AgReserves board. Topics: Mormon church © 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent. Order reprints Recommended Stories Paper retracts 1863 editorial calling Gettysburg Address 'silly' Nov 15 British couple leaves sassy apology note to burglars Nov 14 Jean-Claude Van Damme performs 'epic split' in Volvo ad Nov 14 Study: Your brain sees things even when you don't Nov 14 ESPN anchor apologizes for joke about Jeremy Lin ‘cooking with peanut oil’ Nov 15

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