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Ted Turner Donates NE Ranchland But Will Still Pay Taxes On it

Financial Times

Media mogul and billionaire bison rancher Ted Turner is donating an 80,000-acre ranch he owns in western Nebraska to a nonprofit agriculture ecosystem research institute and says he might do the same with four other ranches in Nebraska’s Sand Hills. But he says he'll continue to pay taxes on the land. The Omaha World-Herald reports that news comes as a relief to state and local officials who had feared Turner might donate the nearly 500,000 acres of Nebraska ranchland he owns and remove them from property tax rolls. Turner Enterprises Inc. and Turner Ranches recently announced the launch of the Turner Institute of Ecoagriculture.