Photo: Courtesy of Hall and Hall
Farmland is a hot investment these days, with high-profile investors like Jim Rogers and George Soros putting significant resources into the market.It makes sense: according to Reuters’ Jim Wasik, there’s a limited supply of farmland, and it could become even more scarce thanks to development and a growing global population.
And land prices are creeping up: the price of agricultural real estate has increased 40% since 2004.
Of course, it’s one thing to invest in agri-business; it’s a completely different thing to buy land and turn a profit from it. Wasik recommends several agribusiness-focused ETFs for investors.
But if you’re thinking of going all in and buying up your own hunk of ranchland, you might want to consider these–the most insanely pricey American ranches that are currently on the market, according to the Land Report.
We know, some are more luxury getaway than functioning cattle ranch. But from Hawaii to Texas, they’re expansive, and super expensive, and pretty fun to ogle.
The property is one of the last remaining ranches near Aspen, and has private access to National Forest land. The ranch is approved for development of a home and agricultural buildings.
It comes with a 9-bedroom house, barn, and swimming pool.
Nearly 60,000 acres*
Dana Ranch covers nearly 60,000 acres, around 3/4 of which is deeded from the State of Montana.
It has 18 miles of fisheries, a 3,000-unit cattle operation, and a huge array of wildlife for hunting.
Hana Ranch is a working cattle ranch that stretches from the mountains to the beach.
It's located near the town of Hana, known as an isolated getaway for royalty and celebrities. Unfortunately, if you buy this ranch, you'll also need to build yourself a house.
You don't read about many ranches in Brentwood, but this sprawling equestrian ranch comes with seven buildings and 70 total rooms sprawling over 22,000 square feet of living space.
The grounds also include an office complex, horse stables, a championship tennis court, a swimmer's pool, and an outdoor entertainment area.
Might not be a moneymaker, but it sure sounds like a fun place to live.
This historic ranch has been price-chopped significantly; it was originally listed at $88 million.
The property comes with a massive residence, irrigated pastures, and a new 10-stall horse barn.
This oceanfront ranch stretches from the Santa Ynez mountains down to the Pacific Ocean.
The compound comes with orchards, over 15 homes and residences including the 5-bedroom, 7-bath 'Casa Grande', barns, a private beach, and more.
Close to the vacation mecca of Jackson Hole, Walton Ranch operates as a cattle ranch and has its own resident elk herd, as well as deer, eagles and bears.
It also has fishing access along three miles of the Snake River and a 2,234-square-foot owner's home.
Richard Fields, a casino and resort developer, put the property on the market this summer.
At $175 million, it's the most expensive ranch on the market in America.
The property covers close to 2,000 acres and has an equestrian centre, ponds, a spring, and breathtaking scenery.
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