Ranches in the Next Generation
The history of ranching in the American West is a long and colorful one, beginning with the Homestead Act and the migration of future ranchers for a promised 160 acres of public land per person. Most ranches were handed down from generation to generation, especially with the instability of other industries like mining and logging. These ranches established a foundation from which the American prosperity of the 20th century could flourish. With urbanization, however, many families are shifting to the city and selling off their land to a new generation of ranchers looking to invest in the West. Who is the next generation ranch owner? You are.
Transforming Ranch Land
Currently, more than 50% of ranches in the western United States will likely change ownership in the next decade. At the same time, the West is the fastest growing region in the country! The result is a transformation of ranch land from historically active ranches to a mix of residential, commercial and industrial properties, including many mountain getaways. According to a study by Oregon State University, University of Colorado and University of Otago in New Zealand, the new generation of ranch owners includes approximately 26% traditional ranchers and 40% newcomers who will be putting the land to new use. This includes a mix of developers, investors and even part-time ranchers who aren’t reliant on the ranch land for a livelihood.
Benefits of Land Ownership
Why should you join the ranks of these daring individuals? First and foremost, property ownership brings a unique and powerful set of advantages. These include:
- The pride and peace of mind that comes with land ownership
- The potential income of ranching, farming, gardening and other practices
- The long-term value and enjoyment of the living land
- The legacy of land that you can give to family and friends
More than anything, there is only so much land in the world. Why not invest in some of the most beautiful and enchanting property in the United States, if not the world?
Three States of Ranching
Achieving your dream of owning and enjoying land has never been so easy. Not only is the West growing at roughly twice the rate of the rest of the country, but the natural landscape is an especially beautiful one. Consider these three central states for investing in ranchland.
- Arizona, the Grand Canyon State, offers an incredible variety of scenic and colorful landscapes, from the striking southwestern deserts to cool, green mountains in the northeast. No matter where you are, though, you're always under the wide open blue of sunny skies.
- Wyoming, the Cowboy State, has a long history of ranching, but is also a top state for public safety, raising families, retiring, and for tax friendly legislation. Add a diverse and gorgeous countryside, as well as rich natural resources, and land here becomes a reliable investment.
- New Mexico, the Land of Enchantment, provides an array of mild climates and fantastic topographies. As such, it is a state driven by recreation, alongside a strong slate of energy research that will drive it into the future.
Wherever you choose to invest, becoming a member of the new ranching generation will mean calling the enchanting Western states home, for at least part of the year. It also means making an investment in your own and your family’s future and present – something that the ranchers of old and homesteaders alike would understand. Contact the Brooks Companies today to take a look at the land available to you; with over 40 years of experience in ranch developments, we look forward to helping you find your place in the West.