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The fabulously wealthy are fueling a booming luxury ranch market out West
The Washington Post. ^ | August 16, 2022 | Karen Heller

Posted on 08/18/2022 2:59:30 PM PDT by george76

Moguls are lavishing ever-larger fortunes on the rustic life, prompted in part by the pandemic..

...

America remains one of the last countries where so many individuals own colossal swaths of land, some controlling acreage larger than Delaware. The West, a lodestar in the nation’s story, holds an enduring allure for modern land barons.

...

Americans have long looked West to enrich their holdings, panning for mineral rights. The Rockefellers accumulated massive fiefdoms of land, eventually donating much of their holdings to the National Park Service. But the pandemic prompted a Western land grab, with moguls fleeing the cities for homes on the range. Demand remains high. The challenge is inventory. In this region of big spreads, there’s little.

...

The private plane market is booming, making it easier for the wealthy to travel from one of their places to the others. Many of them like to tour prospective properties by helicopter

...

In 2007, the 100 largest private landowners owned a combined 27 million acres of property. Fourteen years later, they control 42.2 million acres,

....

Ranching eats investment. Winters are a beast. August ignites fire season. Eight people work at the Bar Cross during cattle season, including ranch manager Katie Scarbrough, one of the rare women in the business, who has a master’s degree in ranch management and a 1-year-old son. A large working ranch is nothing without a top manager, particularly if the owner has other properties and businesses to attend to.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; News/Current Events; US: Colorado; US: Idaho; US: Montana; US: Nevada; US: New Mexico; US: Oregon; US: Texas; US: Washington; US: Wyoming
KEYWORDS: market; ranch; ranches; west
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1 posted on 08/18/2022 2:59:30 PM PDT by george76
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To: george76

As you know, that’s been going on for a long time in Colorado and still is. There’s just a lot more rich people in America now.


2 posted on 08/18/2022 3:02:04 PM PDT by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: george76

Libertarianism + Socialism = Socialism


3 posted on 08/18/2022 3:02:12 PM PDT by who_would_fardels_bear (This is not a tagline.)
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To: george76

I got mine so you can’t have yours.


4 posted on 08/18/2022 3:03:34 PM PDT by llevrok (Pronouns: Me/myself/& I)
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To: george76

You’ll eat bugs ... we’ll fly private jets.

This is how Goddess Gaia ordained it to be.


5 posted on 08/18/2022 3:04:01 PM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: george76

“In 2007, the 100 largest private landowners owned a combined 27 million acres of property. Fourteen years later, they control 42.2 million acres...”

Well, which is it? Ownership or control of the land? Not necessarily the same thing. A little apples-to-oranges dishonesty there?

Also, what does “panning for mineral rights” mean?


6 posted on 08/18/2022 3:05:58 PM PDT by HartleyMBaldwin
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To: Travis McGee
You’ll eat bugs ... we’ll fly private jets.

Until your mechanic gets tired of the fried crickets and grubs.

7 posted on 08/18/2022 3:06:07 PM PDT by IYAS9YAS (There are two kinds of people: Those who can extrapolate from incomplete data.)
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To: IYAS9YAS

Ranchettes. 5 acres or less. Beautiful life.


8 posted on 08/18/2022 3:08:37 PM PDT by DIRTYSECRET
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To: IYAS9YAS

And figures out that he can be 1. the only jet mechanic 2. the jet co-pilot (along with his best pal the pilot) and 3. the new co-boss of their former billionaire boss’s bug-out villa-mansion-estate.


9 posted on 08/18/2022 3:13:10 PM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: george76; All

I like the large land owners. They tend to be good stewards of the land and they don’t do much with it other than build a mansion in one corner and improve the habitat. Usually, long term conservation easements are involved too.

And then they die and some of it gets broken up again. It’s nothing to worry about except for those who hate seeing others succeed in spectacular fashion. Under even today’s hog-tied capitalism, some people will be very successful.


10 posted on 08/18/2022 3:16:33 PM PDT by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: DIRTYSECRET

Just big enough to be a headache but not large enough to live off of.


11 posted on 08/18/2022 3:19:24 PM PDT by RedMonqey
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To: Travis McGee

and those little airports
Have Great Restaurants!!!


12 posted on 08/18/2022 3:20:38 PM PDT by Big Red Badger (We Are JONAH)
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To: SaxxonWoods

Good points.


13 posted on 08/18/2022 3:20:58 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: Big Red Badger

General Aviation. It’s the best way to fly.

A subculture not one in 100 has even the slightest clue of.


14 posted on 08/18/2022 3:27:25 PM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: Big Red Badger

“The $100 hamburger” is an inside joke, but a happy one.


15 posted on 08/18/2022 3:28:03 PM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: george76

It’s a big problem for hunters. The critters learn real fast that if they jump the fence onto private land they won’t get shot. Or the rich guy charges high prices for access.


16 posted on 08/18/2022 3:36:41 PM PDT by lurk (u)
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To: HartleyMBaldwin

Post the acres of land the Chinese own/control in the USA...


17 posted on 08/18/2022 4:12:53 PM PDT by ridesthemiles
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To: HartleyMBaldwin

Post the acres of land the Chinese own/control in the USA...


18 posted on 08/18/2022 4:12:53 PM PDT by ridesthemiles
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To: ridesthemiles

I sold 45 acres of open space forested land in Connecticut to an Asian fellow a few years ago, he’s done nothing with it.


19 posted on 08/18/2022 4:54:24 PM PDT by bertmerc1 (Conservative Buddhist)
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To: george76

Wasn’t Liberace fabulously wealthy?


20 posted on 08/18/2022 4:57:35 PM PDT by Old Yeller (A nation of sheep, produces a government of wolves.l)
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