While we do a great deal of work in commercial and residential real estate, we’re no strangers to the more rural side of real estate. Montana’s ranches are some of the country’s most beautiful properties, and our expansive lands and breathtaking views are worth coveting. When clients work with us in purchasing a ranch or land, they work side-by-side with Mark Blackford, our own ranch and land real estate specialist. Contact us today for any questions you may have regarding land or ranch purchases in Montana.
Owning a piece of the American frontier is a dream that many find brought to life in the great state of Montana. The “Last Best Place” offers more than enough farm and ranch lands for many to enjoy the elbow room that an expansive property can offer. Whether you’re in search of a place to get your hands dirty with good old-fashioned work or a quiet getaway for retirement, Montana offers the perfect place to find it. Becoming a land or ranch owner offers many benefits. It provides a place of respite in a world that is too quick with too little quiet. Moreover, if done with proper care and management, it can be a wonderful investment for you and your family—both financially and personally.
There are many things to consider when purchasing a ranch or farmland. First off it’s important to know what kind of property you’re wanting. Generally speaking, there are four different types of ranches:
These are working ranches where the owners raise livestock of all kinds, from sheep all the way to bison. If you’re looking for the true cowboy experience of mending fences, restoring streams and herding livestock, this one’s for you.
These are ranches where owners will lease out hunting and or grazing rights to interested parties. This offers a nice in-between for the land owner looking for a nice middle ground on how much work their property will require of them.
This kind of ranch has land dedicated mostly to agricultural endeavors, although there is often some livestock present as well. Montana’s biggest cash crops include wheat, hay, barley, and sugar beets.
Often referred to as a “Dude ranch,” these properties offer a place for tourists and travelers to experience ranch life. When it comes to style, Dude ranches can span the gamut. Guests can enjoy some ranches complete with spas and luxurious restaurants, while others offer the opportunity to partake in the cowboy lifestyle of working first-hand with agriculture and livestock.
You’ll also want to make sure you know exactly what you’re getting when your purchase your property. Ask questions like what kind of water rights come with the property? If you’ve got running water through your land, know the access laws and what rights the public has to your property. Likewise, you’ll want to find out who owns the mineral rights to your property (If an owner already has a claim, they could end up drilling or mining on your land).
Lastly, consider hiring a ranch manager or ranch management firm. This is especially true if you are looking for a property that will be more of a retirement home or family getaway than a working ranch. A well run ranch should be able to cover the expenses of hiring the help you need.
Have questions about land investments in general? Our staff specializes in farm and ranch property purchases and can help you with any inquiries you may have. Give us a call today to find out more.