Life is all about making the right decisions, but often, there are too many great options to choose from. Choosing between vanilla and chocolate at the local ice cream parlor is a piece of cake (no pun intended), but deciding which state to invest in ranch properties for sale is much more complex.
Fortunately, the wide array of ranch properties for sale in several states will make your decision much easier. Ranch auctions allow you to learn more about the positives and negatives of each piece of land before you decide to make the investment. Additionally, some ranch land for sale can also bring in ancillary income if you choose to rent it for hunting, fly fishing, or other ranch activities.
From giant luxury ranches to quaint cattle ranches, you can find exactly what you’re looking for in some different states. Here are just three of the many states with lucrative ranch properties for sale right now:
It doesn’t get the credit it deserves, but Montana is perhaps the best state in the country for profitable ranch property. While there are several reasons for Montana’s recent boom in ranching and farming, one key reason for the state’s success is its growing population. Montana’s population is expected to grow by about 14.1% by 2043, which is one of the highest growth rates in the country. Additionally, several notable businesspeople have been staking their claim in Montana for years. For example, Ted Turner bought the Flying D Ranch southwest of Bozeman for over $20 million in 1988.
About seven hours southeast from the great state of Montana is Wyoming, which has its own unique benefits to offer prospective ranchers. Some people believe that employment of agricultural managers will decline 2% by 2024, but apparently Wyoming didn’t get that memo. Wyoming continues to reinvest in its agriculture industry, particularly when it comes to ranching. In fact, state officials recently proposed a 16,400-acre reservoir, which would be used by ranchers and farmers around the City of Buffalo for enhanced irrigation.
Last but certainly not least, it would not be a true discussion of ranch properties for sale if Texas wasn’t mentioned. Texas defined what it means to be a cowboy in pop culture, but most people don’t realize just how lucrative this career path can be. Since everything is bigger in Texas, you’ll find enormous ranch properties for sale in Texas. This will allow you to rent out parts of your land for ancillary income. Fly fishing is a $750 million market in the U.S., and you may be surprised at how much you can earn by merely renting out a pond on your property to make some income on the side.
Investing in ranch properties for sale will enrich your life in a wide variety of ways, both personally and financially. Mark your calendar to attend an upcoming auction and see what else these great states have to offer to prospective ranchers.