In the past decade, sales of livest...
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In the past decade, sales of livestock ranches have been to a of the present day purchaser class that is motivated on the purchase of ranch lands for investment, recreation, and prestige. Prices have inflated rapidly beyond considerations for an economic recur on the livestock operation. The family-managed ranch unit has become a rural real estate investment that is valuable for its desired amenities. This perception of the value of a ranch requires a change in the appraisal analysis. Characterizing the ranch is essential as before, if it be not that the emphasis has changed from measuring the ranch operation to recognizing the amenities for recreation and
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