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.
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.
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:
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?
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.
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.