Broken O Ranch Sale Named 2012 Land Report Deal of the Year

Page through each issue of The Land Report in 2012, and three trends stand out:

1) Legacy properties continue to command a premium. Witness Larry Ellison’s mega-million-dollar purchase of the island of Lanai.

2) The market continues to crave income-producing properties, especially productive farmland.

3) America’s leading landowners view stewardship as a critical element of their trust. Witness Louis Moore Bacon’s remarkable conservation gift, which led to the creation of the Sangre de Cristo Conservation Area.

One transaction encompassed all three of these elements: the sale of Montana’s historic Broken O Ranch. The history of the Broken O predates statehood. Its legacy is peerless. And its capacity to produce cattle and prodigious amounts of grain is matchless. When these 124,000 acres changed hands in November, one passionate, innovative business- man assumed an imposing mantle that had been meticulously crafted by a peer from an earlier era. For these and so many other reasons, the Magazine of the American Landowner is proud to designate the sale of the Broken O as the 2012 Deal of the Year.

Located along a 20-mile stretch of the Sun River, the roots of the Broken O reach deep — to the days of the Montana Territory. Its current incarnation was masterminded by Bill Moore, founder of the country’s largest privately owned paint company, Kelly-Moore. What began in the 1980s with Moore’s acquisition of a single ranch property along the Sun River evolved into what Forbes described as “one of the largest agricultural operations in the Rocky Mountain West.”

The Broken O’s new owner — Stan Kroenke — is no stranger to the land either. Kroenke ranked No. 10 on the 2012 Land Report 100; among his other ranch holdings is the largest contiguous ranch in the Rocky Mountains, the 540,000-acre Q Creek Ranch.

“Stan looks for quality,” says Kroenke’s broker, Joel Leadbetter of Hall and Hall. “The Broken O is so diversified with agricultural and recreational opportunities, and it’s such a large continuous landscape. That’s rare these days. The Broken O also complements and enhances the attributes of Stan’s other ranches and their operations.”

The rich and alluring history of the Broken O Ranch dates back to the 1800s, a time when cattlemen of the Lonesome Dove era ventured west to tame vast sprawling landscapes. One of those intrepid hopefuls was Daniel Flowerree, a Missourian who made his fortune in Montana’s gold fields. After settling in the Sun River Valley, his Flowerree and Lowry Cattle Company boomed, running as many as 40,000 head. Then a series of brutal winters took a bitter toll.

Shortly after the turn of the twentieth century, Flowerree’s ranch was acquired by the Teton Land Company. In the decades that followed, the operation eventually grew into one of the largest cattle operations in the West. In 1945, John Hamilton of Hamilton Beach appliances purchased it.

Bill and Desiree Moore bought the Hamilton Ranch in 1988. One of Moore’s next acquisitions was a neighboring tract, the Freeman Ranch. He would forge a deep, long-lasting bond with the family. Dan Freeman became a close friend and Bill’s right-hand man.

Over the ensuing two-decade span, Bill Moore and Dan Freeman worked in concert, assembling more than 20 blocks of land and building the enormously successful ranching and agricultural enterprise that is in place today.

“As his ranch manager for more than 20 years, Dan brought Bill’s dreams and his passions to fruition. It was a rare combination,” says Mike Swan, the seller’s broker. Swan, who was affiliated with the leading firm of Bates Sanders Swan Land Company throughout the marketing and sale of the Broken O, announced the formation of Swan Land Company in February 2013.

The Broken O is its own hedge fund,” Swan says. “Production is at such a massive scale that any one of the individual entities could make a tremendous agricultural operation independently.”

In addition, the Broken O features a matchless recreational component. Twenty miles of Sun River create an immense resource not only for fish but also for waterfowl, upland birds, mule deer, and elk. Thanks to the Sun River and other historic rights that date back more than a century, the Broken O is the largest private water rights owner in the State of Montana.

The ranch also enjoys close proximity to “the Bob.” At more than 1.5 million acres, the renowned Bob Marshall Wilderness is one of the largest wilderness areas in the Lower 48.

Along with building an agricultural empire, Moore also built a reputation as a steward of the land. He improved the ranch’s extensive pastures by planting native grasses. Moore placed three conservation easements on approximately 9,700 acres along the Sun River corridor. The Moores eventually became a mainstay of the community, employing a large number of locals, funding a community center in nearby Augusta, and donating to local schools and charities.

Kroenke is also no stranger to land stewardship. “Stan bought his first ranch in 1997, and balance has always been important to him,” Leadbetter says. “He looks at everything: the business, ecosystem, fishery, wildlife, and landscape. He always strives to be a very good steward while running sustainable ag operations.”

A deal of this size requires a tremendous amount of preparation. Swan spent months working with Freeman and the seller’s legal team to prepare volumes of due diligence material, including inventory lists, equipment and cattle documentation, background information on 27 houses, soil reports, land title commitments in three counties, information about water rights, state and federal land leases, grazing permits, gravel permits, DEQ permits, conservation easements, and hunting leases, to name a few.

“The preparation was instrumental to the successful transaction,” Swan says. “Our goal was to package the ranch to the point that when the buyer came through the door, everything they needed to know about the Broken O was at their fingertips.”

And interested buyers did come knocking, including private investors and investment funds as well as corporate entities.

As luck would have it, Leadbetter and Swan are both based out of Bozeman; the two know each other quite well. “We both grew up on ranches in Southwest Montana and have ag backgrounds,” Swan says. “We were working with a buyer and a team that understood the materials we provided and spoke the same language. That was paramount to the transaction.”

Of equal importance was that Leadbetter’s client instantly recognized the sterling qualities of the Broken O. “Stan looked it over, and he knew he wanted it,” Leadbetter says. “He’s that kind of guy — very bright — and wants to continue that legacy of innovative agriculture and enjoy the wildlife and fishing and all that the Broken O has to offer.”

An especially rewarding aspect only became apparent after the closing. The central character was not present, but his legacy continues. “It is a blessing we were able to sell the ranch to an individual of Stan Kroenke’s commitment to agriculture and land stewardship. My sense is that this transition will not only see a continued commitment to the current agricultural operation that William Moore established, but a continual enhancement and improvement of the ranch overall. I’m sure if Bill Moore were alive today, he would be pleased.” Swan says.

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For Sale: Montana’s Running Colter Ranch

“With an incredible abundance of trout, birds and game, the Running Colter Ranch represents the finest spring creek trout fishing, waterfowl and upland bird hunting in Montana. The availability of private scenic building sites, agricultural and conservation potential, Running Colter presents an opportunity that is not to be missed.” – Live Water Properties’ Montana Managing Broker and longtime resident of Bozeman, Craig Janssen.

Located in Belgrade, Montana, Running Colter Ranch presents a rare opportunity to own one of the finest spring creek trout fishing, waterfowl and upland bird hunting properties in Montana. Comprised of two separate parcels totaling 696± acres, this ranch features 3/4 mile of excellent spring creek fishing on Bull Run Creek or “cast and blast” the private waterfowl ponds and sloughs. Additionally, virtually all of the waterways on the property have been expertly enhanced to maximize an incoming owner’s outdoor recreation; the wetlands and creeks on the property are enrolled in an enhancement mitigation bank (check with the listing broker for full details).

Present ownership has managed Running Colter primarily to promote wildlife habitat and property health. A neighboring rancher currently leases the crop and hay grounds for production. To maximize the game bird and wildlife habitat, no grazing has been utilized. Running Colter has ample water to irrigate the 264 acres that are currently being farmed, with a diversity of sources within the irrigation rights. This property is extremely well watered for agricultural purposes with the benefits of increased quality in the wildlife habitat.

Running Colter Ranch is home to an incredible diversity of game and non-game birds, along with plentiful wildlife. Whitetail deer, pheasants and many types of waterfowl are found in abundance. Hungarian Partridge, dove, moose and black bear are not uncommon. The number and variety of songbirds that can be seen at the bird feeders off the back porch are incredible.

The hunting dogs will be eager to work for game birds along the many water features of Running Colter Ranch. The waters of Bull Run Creek have been enhanced for both trout and waterfowl. The grain fields lining the creek allow for excellent feed and cover close to the water sources. Bull Run Creek is one of the hidden angling gems in the Gallatin Valley, offering great spring creek opportunities for the fly fisherman. The springs and water expressions provide the warm groundwater needed to allow for cold weather waterfowl opportunities.

Running Colter Ranch is being offered for sale in its entirety for $6,475,000, with the potential to purchase either of the two smaller parcels listed below, by Live Water Properties.
Northern Parcel (Lot 1): 252± acres for $3,000,000
Southern Parcel (Lot 2): 441± acres for $3,750,000

For more information on Running Colter Ranch, contact Live Water Properties at (866) 734-6100 or info@livewaterproperties.com. You may also contact the brokers directly: Craig Janssen at (406) 580-5830 and Jack McInerney at (406) 220-1696.

Land Report Top Ten: August 2012

From the Pacific to the Northeast, here are America’s priciest properties, led by $132.5 million Broken O Ranch in Montana, which is listed with Bates Sanders Swan Land Company. New to the list is a 33-acre Sagg Pond Estate in Sagaponack South (pictured above).

1. Broken O Ranch (Montana): $132.5 million

At 123,000 acres, this ranch has been in the making for the past 20 years. With its expansive cattle and farming operation, this ranch currently carries 3,500 mother cows plus 800 replacement heifers and 200 range bulls. The Broken O Ranch also contains Montana’s largest block of irrigated land, approximately 13,000 acres, and has historically averaged 25,000 tons of alfalfa hay and 700,000 bushels of small grain crops annually. Mike Swan of Bates Sanders Swan Land Company has the listing.

2. Walton Ranch: $100 million

This 1,848-acre working cattle ranch was pieced together by the Walton family beginning in 1958. The family placed the ranch under conservation easement in 1983. Billy Long and Ron Morris of Ranch Marketing Associates have the listing.

3. Broken O Ranch (Texas): $81 million

Located in Boerne, Texas, the historic Broken O Ranch is one of Texas’ finest ranches on the market today. Featuring breathtaking views that only the Texas Hill Country has to offer, this ranch is also home to an array of wildlife. Trip duPerier with duPerier Texas Land Man, LLC has the listing.

4. Ranch Dos Pueblos: $79 million

This oceanfront parcel is on the market for the first time in three decades. Spanning 2,175 acres just west of Santa Barbara, it’s one of the largest remaining ranches along the breathtaking Gaviota Coast. Kerry Mormann & Associates has the listing.

5. Dillingham Ranch: $65 million

Located in Mokuleia, on the North Shore of Oahu, Hawaii, this historic 2,700 acre estate offers all of the charms and essence of Hawaii, from white sandy beaches to mountain terrain and acres of open green space scattered with coconut trees, monkey pods, and rare plant species indigenous to Hawaii. Zackary Wright with Christie’s International Real Estate has the listing.

5. Sagg Pond Estate: $65 million
Located in one of the Hamptons’ most exclusive enclaves on the banks of the tranquil Sagg Pond, this 33-acre waterfront estate is bordered by dozens of acres of protected land, ensuring privacy and pristine conditions for generations to come. Debbie Loeffler of the Corcoran Group has the listing.

7. Big Creek Ranch: $59.9 million

Only eight miles from Steamboat Springs, 5,034-acre Big Creek Ranch offers rainbow and brook trout fishing along five miles of Big Creek as well as a half-mile of the Elk River. National forest borders 85 percent of the property, offering easy access to an additional 150,000 acres of pristine wilderness, including world-class trout fishing and hunting for elk and mule deer. A mix of forest and meadows provides ideal wildlife habitat and summer pasturage. Listed by Ron Morris and Billy Long of Ranch Marketing Associates.

8. Swain’s Neck: $59 million

Spread out on almost 70 acres, Swain’s Neck is an exclusive waterfront estate on Nantucket Island. Featuring spectacular, unobstructed 180-degree views of Polpis Harbor, this property includes a sprawling main residence which embraces the magnificent views, a charming guest cottage, a private studio/office, a boathouse, a gatehouse with apartment, several fenced-in pastures, a sport court and meticulously manicured grounds and gardens. Listed with Gary Winn with Maury People Sotheby’s International Realty.

9. Hana Ranch: $55 million

This 4,500-acre working ranch on eastern Maui surrounds the town of Hana. The property boasts two miles of Pacific oceanfront and rises over 2,200 feet up the slopes of Haleakala. Dan Omer of Island Sotheby’s International Realty has the listing.

10. Rockpile Ranch: $54.5 million

For only the third time in over a century, this 55,374-acre cattle ranch in the Davis Mountains of Far West Texas is on the market. Since 1992, the Rockpile has been owned by McCoy Remme Ranches (No. 41 on the 2011 Land Report 100). James King of King Land and Water is the listing agent.

Photo Credit: Corcoran

Click here to download a copy of the August 2012 newsletter.

Land Report Top Ten: May 2012

From the Pacific to the Northeast, here are America’s priciest properties, led by $132.5 million Broken O Ranch in Montana, which is listed with Bates Sanders Swan Land Company. New to the list is Dillingham Ranch in Hawaii and Swain’s Neck (pictured above) on Nantucket Island.

1. Broken O Ranch (Montana): $132.5 million

At 123,000 acres, this ranch has been in the making for the past 20 years. With its expansive cattle and farming operation, this ranch currently carries 3,500 mother cows plus 800 replacement heifers and 200 range bulls. The Broken O Ranch also contains Montana’s largest block of irrigated land, approximately 13,000 acres, and has historically averaged 25,000 tons of alfalfa hay and 700,000 bushels of small grain crops annually. Mike Swan of Bates Sanders Swan Land Company has the listing.

2. Walton Ranch: $100 million

This 1,848-acre working cattle ranch was pieced together by the Walton family beginning in 1958. The family placed the ranch under conservation easement in 1983. Billy Long and Ron Morris of Ranch Marketing Associates have the listing.

3. Broken O Ranch (Texas): $81 million

Located in Boerne, Texas, the historic Broken O Ranch is one of Texas’ finest ranches on the market today. Featuring breathtaking views that only the Texas Hill Country has to offer, this ranch is also home to an array of wildlife. Trip duPerier with duPerier Texas Land Man, LLC has the listing.

4. Ranch Dos Pueblos: $79 million

This oceanfront parcel is on the market for the first time in three decades. Spanning 2,175 acres just west of Santa Barbara, it’s one of the largest remaining ranches along the breathtaking Gaviota Coast. Kerry Mormann & Associates has the listing.

5. Dillingham Ranch: $65 million

Located in Mokuleia, on the North Shore of Oahu, Hawaii, this historic 2,700 acre estate offers all of the charms and essence of Hawaii, from white sandy beaches to mountain terrain and acres of open green space scattered with coconut trees, monkey pods, and rare plant species indigenous to Hawaii. Zackary Wright with Christie’s International Real Estate has the listing.

6. Big Creek Ranch: $59.9 million

Only eight miles from Steamboat Springs, 5,034-acre Big Creek Ranch offers rainbow and brook trout fishing along five miles of Big Creek as well as a half-mile of the Elk River. National forest borders 85 percent of the property, offering easy access to an additional 150,000 acres of pristine wilderness, including world-class trout fishing and hunting for elk and mule deer. A mix of forest and meadows provides ideal wildlife habitat and summer pasturage. Listed by Ron Morris and Billy Long of Ranch Marketing Associates.

7. Swain’s Neck: $59 million

Spread out on almost 70 acres, Swain’s Neck is an exclusive waterfront estate on Nantucket Island. Featuring spectacular, unobstructed 180-degree views of Polpis Harbor, this property includes a sprawling main residence which embraces the magnificent views, a charming guest cottage, a private studio/office, a boathouse, a gatehouse with apartment, several fenced-in pastures, a sport court and meticulously manicured grounds and gardens. Listed with Gary Winn with Maury People Sotheby’s International Realty.

8. Hana Ranch: $55 million

This 4,500-acre working ranch on eastern Maui surrounds the town of Hana. The property boasts two miles of Pacific oceanfront and rises over 2,200 feet up the slopes of Haleakala. Dan Omer of Island Sotheby’s International Realty has the listing.

9. Rockpile Ranch: $54.5 million

For only the third time in over a century, this 55,374-acre cattle ranch in the Davis Mountains of Far West Texas is on the market. Since 1992, the Rockpile has been owned by McCoy Remme Ranches (No. 41 on the 2011 Land Report 100). James King of King Land and Water is the listing agent.

10. Aspen Valley Ranch: $52 million

Billed as the largest ranch near Aspen in the Roaring Fork Valley, this ranch boasts senior water rights as well as over 800 acres and is located just 10 minutes from the Aspen airport. Joshua Saslove of Joshua & Co. has the listing.

Click here to download a copy of the May 2012 newsletter.

Land Report Top Ten: March 2012

From the Pacific to the Southwest, here are America’s priciest properties, led by $175 million Jackson Land and Cattle Ranch, which is listed by Hall and Hall. New to the list, and pictured above, is the Broken O Ranch in the Lone Star State of Texas.

1. Jackson Land and Cattle: $175 million

These 1,750 acres are simply the most phenomenal property to come to the market in the Teton Valley in decades. Jackson Land and Cattle is one-of-a-kind in every respect: world-class improvements, including an equestrian center designed by Jonathan Foote, AIA; lack of any development restrictions; and don’t forget the stunning Teton views. Hall and Hall’s John Pierce has the listing.

2. Broken O Ranch (Montana): $132.5 million

At 123,000 acres, this ranch has been in the making for the past 20 years. With its expansive cattle and farming operation, this ranch currently carries 3,500 mother cows plus 800 replacement heifers and 200 range bulls. The Broken O Ranch also contains Montana’s largest block of irrigated land, approximately 13,000 acres, and has historically averaged 25,000 tons of alfalfa hay and 700,000 bushels of small grain crops annually. Mike Swan of Bates Sanders Swan Land Company has the listing.

3. Walton Ranch: $100 million

This 1,848-acre working cattle ranch was pieced together by the Walton family beginning in 1958. The family placed the ranch under conservation easement in 1983. Billy Long and Ron Morris of Ranch Marketing Associates have the listing.

4. Ranch Dos Pueblos: $84 million

This oceanfront parcel is on the market for the first time in three decades. Spanning 2,175 acres just west of Santa Barbara, it’s one of the largest remaining ranches along the breathtaking Gaviota Coast. Kerry Mormann & Associates has the listing.

5. Broken O Ranch (Texas): $81 million

Located in Boerne, Texas, the historic Broken O Ranch is one of Texas’ finest ranches on the market today. Featuring breathtaking views that only the Texas Hill Country has to offer, this ranch is also home to an array of wildlife. Trip duPerier with duPerier Texas Land Man, LLC has the listing.

6. Big Creek Ranch: $59.9 million

Only eight miles from Steamboat Springs, 5,034-acre Big Creek Ranch offers rainbow and brook trout fishing along five miles of Big Creek as well as a half-mile of the Elk River. National forest borders 85 percent of the property, offering easy access to an additional 150,000 acres of pristine wilderness, including world-class trout fishing and hunting for elk and mule deer. A mix of forest and meadows provides ideal wildlife habitat and summer pasturage. Listed by Ron Morris and Billy Long of Ranch Marketing Associates.

7. Hana Ranch: $55 million

This 4,500-acre working ranch on eastern Maui surrounds the town of Hana. The property boasts two miles of Pacific oceanfront and rises over 2,200 feet up the slopes of Haleakala. Dan Omer of Island Sotheby’s International Realty has the listing.

8. Rockpile Ranch: $54.5 million

For only the third time in over a century, this 55,374-acre cattle ranch in the Davis Mountains of Far West Texas is on the market. Since 1992, the Rockpile has been owned by McCoy Remme Ranches (No. 41 on the 2011 Land Report 100). James King of King Land and Water is the listing agent.

9. Aspen Valley Ranch: $52 million

Billed as the largest ranch near Aspen in the Roaring Fork Valley, this ranch boasts senior water rights as well as over 800 acres and is located just 10 minutes from the Aspen airport. Joshua Saslove of Joshua & Co. has the listing.

10. Dana Ranch: $45 million

With only two distinguished owners in nearly 100 years and an unmatched record of profitability, the Dana is considered by many to be the finest operating and recreational ranch in the Rocky Mountain West. Supporting 3,000 animal units on 59,000± acres, it boasts over 13 miles of superb fisheries and an incredible diversity of wildlife resources from elk to waterfowl to upland birds. Listed by Dave Johnson with Hall and Hall.

Click here to download a copy of the March 2012 newsletter.

For Sale: Diamond B River Ranch

The majestic Diamond B River Ranch resides in the center of the Paradise Valley of the Northern Rockies, arguably the most scenic valley in Montana and noted for its abundant wildlife and fishing opportunities.

With beautiful views of the 10,921-foot Emigrant Peak towering above the landscape, significant Yellowstone River frontage and riparian areas, flowing spring waters, and close proximity to Yellowstone Park, Bozeman, and Livingston, the Diamond B has many assets that make it more valuable than most cattle operations could imagine.

“Standing on the bluff on the Diamond B property with views up and down the Yellowstone River and jagged peaks all around takes your breath away,” observes Greg Fay, of Fay Ranches, the listing brokerage. “With fine dining at Chico Hot Springs just 5 minutes from the ranch and Yellowstone Park just 20 minutes south, it’s tough to beat the location. It is not often that a ranch of this quality and size comes on the market in the Paradise Valley. This one is priced at an excellent value.”

The ranch, which includes 1± miles of Yellowstone River frontage, currently runs Angus cattle as well as bison and longhorn. It consists of 2031± deeded acres of spring dry land pasture, pivot, wheel and hand line irrigated hay and grass. The 550± acres of irrigated ground can produce 1,200 to 1,500 tons of hay per year with two cuttings. About 200± acres make up the riverfront riparian area where the ranch manager’s home, barns, corrals, two ponds, and springs are located.

Listing price currently is $12,500,000. For more information about this property, visit www.FayRanches.com.

Land Report Top Ten: February 2012

From the Lone Star State to Hawaii, here are America’s priciest properties, led by $175 million Jackson Land and Cattle Ranch, which is listed by Hall and Hall. Two new properties have joined this mix: Broken O Ranch in Montana and Hudye Farms along the Colorado-Kansas state line.

1. Jackson Land and Cattle: $175 million

These 1,750 acres are simply the most phenomenal property to come to the market in the Teton Valley in decades. Jackson Land and Cattle is one-of-a-kind in every respect: world-class improvements, including an equestrian center designed by Jonathan Foote, AIA; lack of any development restrictions; and don’t forget the stunning Teton views. Hall and Hall’s John Pierce has the listing.

2. Broken O Ranch: $132.5 million

At 123,000 acres, this ranch (pictured above) has been in the making for the past 20 years. With its expansive cattle and farming operation, this ranch currently carries 3,500 mother cows plus 800 replacement heifers and 200 range bulls. The Broken O Ranch also contains Montana’s largest block of irrigated land, approximately 13,000 acres, and has historically averaged 25,000 tons of alfalfa hay and 700,000 bushels of small grain crops annually. Mike Swan of Bates Sanders Swan Land Company has the listing.

3. Walton Ranch: $100 million

This 1,848-acre working cattle ranch was pieced together by the Walton family beginning in 1958. The family placed the ranch under conservation easement in 1983. Billy Long and Ron Morris of Ranch Marketing Associates have the listing.

4. Ranch Dos Pueblos: $84 million

This oceanfront parcel is on the market for the first time in three decades. Spanning 2,175 acres just west of Santa Barbara, it’s one of the largest remaining ranches along the breathtaking Gaviota Coast. Kerry Mormann & Associates has the listing.

5. Big Creek Ranch: $59.9 million

Only eight miles from Steamboat Springs, 5,034-acre Big Creek Ranch offers rainbow and brook trout fishing along five miles of Big Creek as well as a half-mile of the Elk River. National forest borders 85 percent of the property, offering easy access to an additional 150,000 acres of pristine wilderness, including world-class trout fishing and hunting for elk and mule deer. A mix of forest and meadows provides ideal wildlife habitat and summer pasturage. Listed by Ron Morris and Billy Long of Ranch Marketing Associates.

6. Aspen Valley Ranch: $59 million

Billed as the largest ranch near Aspen in the Roaring Fork Valley, this ranch boasts senior water rights as well as over 800 acres and is located just 10 minutes from the Aspen airport. Joshua Saslove of Joshua & Co. has the listing.

7. Hana Ranch: $55 million

This 4,500-acre working ranch on eastern Maui surrounds the town of Hana. The property boasts two miles of Pacific oceanfront and rises over 2,200 feet up the slopes of Haleakala. Dan Omer of Island Sotheby’s International Realty has the listing.

8. Rockpile Ranch: $54 million

For only the third time in over a century, this 55,374-acre cattle ranch in the Davis Mountains of Far West Texas is on the market. Since 1992, the Rockpile has been owned by McCoy Remme Ranches (No. 41 on the 2011 Land Report 100). James King of King Land and Water is the listing agent.

9. Hudye Farm: $49 million

Spanning two states, Hudye Farm is the largest dryland and irrigated farm ever to be offered for sale in eastern Colorado and western Kansas. Assembled over the past ten years, this ranch includes 17,741 acres of high quality farmlands with excellent production history, topography, soils and water conditions. Located in the top grain growing region of this area, the crops grown are primarily corn and wheat. Bart Miller of Mason & Morse Ranch Company has the listing.

10. Dana Ranch: $45 million

With only two distinguished owners in nearly 100 years and an unmatched record of profitability, the Dana is considered by many to be the finest operating and recreational ranch in the Rocky Mountain West. Supporting 3,000 animal units on 59,000± acres, it boasts over 13 miles of superb fisheries and an incredible diversity of wildlife resources from elk to waterfowl to upland birds. Listed by Dave Johnson with Hall and Hall.

Click here to download a copy of the February 2012 newsletter.

Vistas: Montana’s Broken O Ranch

Located just east of the stunning Rocky Mountain Front in Augusta, Montana, the Broken O Ranch is considered to be one of the Rocky Mountain West’s most grand and significant ranches.

At 123,000 acres, this ranch has been in the making for the past 20 years. With its expansive cattle and farming operation, this ranch currently carries 3,500 mother cows plus 800 replacement heifers and 200 range bulls. The Broken O Ranch also contains Montana’s largest block of irrigated land, approximately 13,000 acres, and has historically averaged 25,000 tons of alfalfa hay and 700,000 bushels of small grain crops annually.

The Broken O Ranch also features outstanding recreational opportunities, including exceptional brown and rainbow fishing plus antelope, whitetail and mule deer hunting.

According to broker Mike Swan of Bates Sanders Swan Land Company, “The Broken O Ranch is one of the Rocky Mountain West’s most significant holdings to come on the Western real estate market in decades.”

Broken O Ranch is listed with Bates Sanders Swan Land Company for $132,500,000. For more information, contact Mike Swan at (406) 522-7342 or mike@bateslandco.com.

Land Report Top 10: Dana Ranch

Encompassing almost the entire Hound Creek Valley, Dana Ranch in Cascade, Montana is considered by many to be the finest combination cattle and recreational ranch in the Rocky Mountain West.

At 59,000± acres, this ranch features an incredibly rich environment that includes strong grasses and an amazing diversity of terrain and habitats. Supporting approximately 3,000 head of cattle, this ranch is also home to huge elk herds and substantial populations of mule deer, whitetail deer and antelope. Additionally, with over 18 miles of “Blue Ribbon” quality fisheries, this property includes extensive upland bird, water fowl, and pheasant habitat.

With only two distinguished owners in nearly 100 years and an unmatched record of profitability, Dana Ranch is true “Legacy Ranch.” According to broker Dave Johnson with Hall and Hall, Dana Ranch “combines the very best features of an outstanding operating ranch with the aesthetic qualities, wildlife and fisheries resources of a more recreationally oriented ranch.”

Dana Ranch is listed with Hall and Hall. For more information, contact Dave Johnson at (406) 587-3090 or davej@hallandhall.com.

Click here to see the full list of Land Report’s Top Ten leading land listings.

Sold! Montana’s Historic Horse Ranch

Nestled in the rolling hills of Central Montana, the historic Horse Ranch sold in December 2011. According to listing broker Mike Swan of Bates Sanders Swan Land Company, the ranch is “a rare combination of privacy, beauty, and scale in a contiguous block of deeded acreage that is very difficult to find in today’s western land market.”

Ryan Flair of Fay Ranches represented the buyer. The initial owners, a prominent Fergus County family,  began assembling this magnificent property in the 1880s to supply remount horses for the U.S. Cavalry.  The new—and only the third—owner of the Horse Ranch looks forward to continuing the land stewardship of these two preceding Western pioneers.

Comprised of 25,323± acres, this ranch contains sufficient hay meadows and summer pasture to comfortably run 700 to 750 head of brood cows on a year-round basis plus a full complement of heifers and bulls. The deep timbered draws and grassy plateaus on this property also provide prime habitat for the resident elk herds, trophy mule deer, antelope, wild turkey and upland game birds, including sharp-tailed grouse, pheasant and sage grouse.

Financial terms of the sale were not disclosed.

 

 

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