GENERATIONS OF KNOWLEDGE AND LOVE FOR THE RANCHING LIFESTYLE
Legacy ranches are considered historic and significant ranch properties that have been passed down through generations and hold cultural, historical, or conservation value. These ranches often have a rich history and encompass vast areas, but they are a lot more than just the land. They hold a piece of history captured in family photos, untold stories, a unique outlook on land, and have value above and beyond traditional agriculture.
They are often rare to find as the traditional ranching industry has changed significantly over the last few decades. Driven by the increasing food demands of our growing population, many traditional ranches have been bought out by large corporations. These took on commercial cattle farm roles to leverage the advantage of access to the land on the Western frontier. With the sale of these properties, the history and tradition are often long gone.
The legacy ranches, inherited by many generations and often still run by family members, are the quintessential symbols of the ranching industry in the United States. Rooted in hard work and unparalleled tradition in protecting land and wildlife habitats, these ranches are the most unique pieces of real estate.
Legacy ranches are the properties we love and cherish. Our company believes in tradition and our brokers and agents treat any legacy ranch transaction with the utmost respect.
KEEPING THE LEGACY ALIVE
For those lucky ones who have created a well though-out succession plans, younger generations will take over the ranch and continue the traditions that may have been set into motion as far back as 150 years ago. Keeping the legacy alive is a part of their upbringing and their passion is very deeply rooted. This next generation of landowners has tremendous potential as they are brought up in the ranching industry and often have a plan on how to improve their operations. They are also more in touch with current trends in the organic food realm and bring technological advancement in raising crops and livestock. Making a positive impact on food and climate is the driving force behind many improvements. The economic and social aspects of ranching are often undervalued, but they are a significant part of the overall health of our country.
For those unable to pass on their legacy ranch to their sons or daughters, there is a lot of interest in the ranch real estate market driven by better living. The pandemic fueled the desire to “live off the land” and this resulted in a new, large pool of buyers looking to preserve and continue the legacy of ranches established generations ago. Climate awareness is another driving force behind migration to more rural areas and this helps to fulfill the desire of many to own a ranch.
LEGACY RANCHES IN THE US
WHAT IS MY LEGACY RANCH WORTH?
We wish there was an easy answer to this question, but often valuing a unique ranch is a challenging task. There is no price that can be placed on the true emotional attachment to the land and buildings, but in order to facilitate a legacy ranch transaction, an evaluation of these elements needs to take place. If the ranch has historical structures or cultural significance, efforts to preserve and restore these elements can be included as a part of the transaction. Valuation of a ranch property is a complex, and often an emotional process. If you would like to learn more about our unique approach, please do not hesitate to contact our team of ranch real estate experts. If you are looking to connect with a local office, please visit the Ranch Real Estate Offices page on our website.