3 Reasons to Invest in Ranch Land for Sale in Wyoming

Land is and has always been a valuable commodity, and Wyoming has an abundance of it. As the least populous state in the United States, it is an excellent place to escape from the city. In fact, Wyoming doesn’t really do cities — the state capital of Cheyenne is the largest, with a population of around 60,000. 

Investors have been attracted by the wide-open spaces of Wyoming for generations, and the wealth of options available attracts modern investors. In this post, we will look at different ways that investors can gain significant returns on investment from ranch land for sale in Wyoming.

Lifestyle

The first way is related not to money but to health and well-being. The state is dominated by mountains and home to some of the country’s best national parks. The air is fresher, and air pollution is a distant concept here. 

If you imagine waking up to beautiful panoramic views of mountains and breathing in the fresh air, Wyoming ticks a lot of boxes. Being surrounded by nature provides ranch owners with many opportunities to enjoy recreational activities throughout the year, such as big game hunting, fishing, hiking, skiing, and horse riding. The lifestyle is unlike anything you will be used to in the cities, with a slower pace of life being an excellent way to get rid of stress.

Buying ranch land in Wyoming makes excellent sense if you are looking to buy a legacy ranch that can be enjoyed for generations. Properties close to Grand Teton and Yellowstone will always have value due to the fabulous location. When you factor in capital gains for any increase in land value, ranch land can be a valuable addition to your property portfolio.

Recreational Ranch

As a state filled with an abundance of wildlife, hunters and fishers are always looking for new spots far from tourists. Big game species — such as elk, bison, mountain lions, moose mule deer, and pronghorns — roam the land in large numbers. Some ranches may even lie on key mule deer, pronghorn, and elk migratory routes.

Some ranchers decide to use their ranch land as an exclusive sporting lodge, which attracts both private and corporate clients looking to enjoy an authentic Western experience. As a bonus, opting to run your ranch as an income-producing business is also a great way to gain sizeable income tax deductions for the day-to-day costs of running your ranch.

Agricultural Business 

Some new ranchers decide to buy ranch land for agricultural operations, and many areas of Wyoming are ideal for a wide range of crops and livestock. Agricultural activities in the Cowboy State bring in about $2 billion in receipts every year, making it one of the primary economic drivers. Cattle represent the largest commodity, but the mountainous terrain of the state makes it ideal for the outstanding wool and sheep products that the state has become famous for.

Other key agricultural products in the state include hay, sugar beets, barley, and corn. If you’re new to ranching, then hiring a ranch management team would be a sound investment, as they could put a crop management system in place and take care of day-to-day operations. One other point to note is that in Wyoming, agricultural property is taxed on its production value, not its market value, which can lead to significant savings in property taxes.