Owning ranch land is the epitome of the Great American Dream. It harkens back to the days when the Nation was new and unexplored, clean and natural. A simpler, less stressful time, when life was less easier and more wholesome.
Planning for the future requires a combination of legwork, know-how and expert assistance. This preparation will protect your investment and make land ownership a more enjoyable experience. For example, not knowing the laws that pertain to the area your ranch land is located can place your ownership at risk.
There are two main ways you can make sure you are covered. Firstly, you should discuss new legislation and current requirements for land ownership with a real estate professional Secondly, be sure to stay informed about any local ordinances and their changes. These changes include:
When new regulations are put in place, there is often a buffer period between enactment of these new requirements or prohibitions and the time where any new regulations will be enforced. During that time, you should work to ensure that your ranch is up to date with any required changes. If the EPA states that ranches in a certain area must not have a pond over so many square feet, taking steps to ensure this is true on your ranch land help will protect your investment and your family.
Just like home ownership, there are always a multitude of different things that can happen outside of your ranch that affects it. Staying informed is the best way to protect your ranch land from problems. Adaptability was one of the leading characteristics of those who first explored the Western Frontier, and it continues to serve new ranchers well today.