Our blog will help keep you informed about news and information related to the farm, ranch and rural real estate markets. If you share our desire for wide open spaces and investment in the land, we hope you will subscribe, read and discuss the stories we find and develop here. More than just an investment, ranch, farm and rural real estate evokes a type of lifestyle that was born over a century ago and still provides a certain romance and passion for those who embrace the pioneering spirit from those days gone by.

Fly Fishing Ranches for Sale in Montana & Idaho

We are currently offering more than 150 exceptional ranches, farms, and plantations for sale.  Below are four of the top fly fishing ranches for sale in Idaho and Montana.  Please call us with any questions at 406-656-7500 or visit http://hallhall.com.

The historic Susie Q Ranch, located in the heart of south central Idaho’s unique high desert spring-fed Silver Creek ecosystem, is one of the great ranch properties in the prestigious Sun Valley area. Silver Creek, world renowned for its blue ribbon trout fishery, abundant wildlife and magnificent scenery, is protected in perpetuity by the nearby 900-acre Silver Creek Preserve and an additional 10,000 acres in conservation easements.
Susie Q Ranch

Susie Q Ranch

The 3K Ranch consists of 2 nearly adjacent parcels totaling 6,509± deeded acres located approximately 30 miles south of Great Falls along nearly 3 miles of the Smith River at the lower end of the famous Smith River Canyon.

3K Ranch

The Lazy E Bar Z Ranch is exactly what people dream about when they dream about Montana. In this classic Swan Valley setting, the snowcapped peaks of the Mission and Swan mountain ranges flank the Swan River as it flows through this 165± acre property with two log homes situated next to a trout pond.
Lazy E Bar Z

Lazy E Bar Z

Featuring three-quarters of a mile of both sides of the Big Lost River, the 503± acre Moose Creek Ranch, only an hour-and-a-half from Sun Valley, is among the valley’s premier trout fishing and wildlife properties. Two attractively furnished fishing cabins nestled in a secluded cottonwood setting offer huge views of Idaho’s highest peaks.
Moose Creek Ranch

Moose Creek Ranch

Hall and Hall Attends Trout Unlimited Spring Dinner in NYC

A full complement of Hall and Hall partners was present at the Annual Trout Unlimited Spring Dinner at the Central Park Boathouse in New York’s Central Park. Spring was in the air as Hall and Hall champion auctioneer Scott Shuman once again donated his services to further the science-based initiatives of Trout Unlimited. A small but enthusiastic crowd was on hand and Scott was able to foster some spirited bidding between friends for the coveted trips on offer. Scott, Jim Taylor, John Wildin and Tim Murphy renewed old friendships, and Mr. Wildin used his considerable charm and big smile to encourage some enthusiastic bidding.

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Hall and Hall Auctioneer, Scott Shuman, leads the crowd in some spirited bidding.

The week in New York gave us an excuse to check in with old friends and clients and connect with many new ones. Repeatedly we asked the question: why do we have a mini-resurgence of people looking to invest in farms and ranches? The only consistent answer seems to be that there are virtually no appealing, alternative safe places to invest capital. Certainly the demographics of the retiring and inheriting baby boomers has produced a good number of individuals and families who appreciate the many psychic benefits to be derived from the ownership of a farm or ranch.

Billings Gazette Profiles Hall and Hall Managing Director Joel Leadbetter

Hall and Hall Managing Director Joel Leadbetter was profiled recently in a Billings Gazette article entitled, “Sale of Historic Texas Ranch has Montana Connections.” Leadbetter and Sam Connolly, general manager of Kroenke Ranches, represented Kroenke in the sale. Marketing the 150-year-old ranch property presented a unique challenge, as it supports thousands of cattle and horses, 30,000 acres of farm land, and more than 1,000 oil wells.

An excerpt reads: “When billionaire businessman Stan Kroenke became interested in buying historic W.T. Waggoner Estate Ranch in Texas, he turned to Joel Leadbetter of Bozeman, managing director of Hall and Hall, to broker the deal. Leadbetter said he has represented Kroenke in a number of real estate acquisitions over the years, and their relationship stretches back to 1993.”




Nearly 1,000 Acres near Berkeley Springs, WV Hits Auction Block June 21st

On June 21, 2016, Hall and Hall will be auctioning the 988± acre Coolfont Property, nestled in the foothills of the Allegheny Mountains in the shadow of Cacapon Mountain. This year-round treasure will be offered in nine tracts and combinations, ranging from 382± to seven± acres, at 10 a.m. EDT at Cacapon Resort in Berkeley Springs. The auction also includes a 2,383 sq. foot office building located in downtown Berkeley Springs. Information days are scheduled for Wednesdays, May 18, June 1, and June 8 from 9-11 a.m. and 1-3 p.m. To learn more, please contact Hall and Hall Auctions at 970-716-2120 or visit http://hallhall.com/ranches-for-sale/properties/coolfont.


Roughly 100 miles from Washington, D.C., Coolfont Property offers abundant hardwoods including hickory, red oak, white oak, poplar and ash; excellent hunting for deer, bear and turkey; extensive development entitlements; access to historic Berkeley Springs, one of the top small towns in the U.S.; and hundreds of acres of pristine land within a two hour drive of several major cities.

“This is one of the most unique properties available in the region and offers access to remarkable recreational opportunities, wildlife, and natural resources,” said Scott Shuman of Hall and Hall Auctions. “Sleepy Creek Mountain is located six miles due east, the Potomac River is only two miles northwest, and Cacapon Mountain, home to Prospect Rock, is adjacent to the property.”

Other area attractions include:

  • Washington Heritage Trail, a 70 mile self-guided driving tour that links more than a dozen sites throughout the county.
  • Berkeley Springs State Park is a 4-acre village green in the center of town with historic warm mineral springs where George Washington once bathed.
  • Cacapon State Park has 6,000 acres of wild resort along Cacapon Mountain with a lodge, lake and Robert Trent designed golf course. The park encompasses miles of mountain hiking trails, including one along the top of Cacapon Mountain
  • Berkeley Springs includes dozens of welcoming businesses including spas, art galleries, shops and restaurants.

For more information, call 970-716-2120 or visit http://hallhall.com/ranches-for-sale/properties/coolfont. Hi-resolution photography can be downloaded here.

House Hunting by Helicopter in Montana

Tim Murphy, a ranch broker and partner with Hall and Hall, was recently profiled in a terrific story in The Wall Street Journal entitled, ”House Hunting By Helicopter Takes Off.”

An excerpt reads: “More often, agents and pilots say, the helicopter is a great bonding tool. ‘A lot of these folks are pretty standoffish when they first meet us. As soon as you get them in the air and they see the beauty…they really lighten up,’ said Mark Taylor, chief pilot and owner of Montana-based Rocky Mountain Rotors, who tours $40 million ranches with brokers such as Tim Murphy of Hall and Hall.”

Mark Taylor (left), chief pilot and owner of Rocky Mountain Rotors, and Tim Murphy, a ranch broker and partner with Hall and Hall. Mr. Murphy teams up with Mr. Taylor to show multi-million dollar ranches to his clients by helicopter. Credit: Jane Osborne

Mark Taylor (left), chief pilot and owner of Rocky Mountain Rotors, and Tim Murphy, a ranch broker and partner with Hall and Hall. Mr. Murphy teams up with Mr. Taylor to show multi-million dollar ranches to his clients by helicopter. Credit: Jane Osborne

Ranch Land Conservation Easements

By:  Scott M. Griswold

Conservation easements have been providing a means for protecting rural lands, wildlife habitat and scenic landscapes for more than 75 years.  Simply stated, a conservation easement is the granting of certain rights in real property through the issuance of a deed to a qualified holder of a conservation easement.  The holder must comply with Federal regulations governing their qualifications under the Internal Revenue Code, but the holders of conservation easements can range from private land trust organizations to State and Federal agencies.  In addition to rural lands, conservation easements have been used to protect historic buildings and event sites, cultural artifacts and resources critical to large metropolitan areas.  Conservation easements can also serve as a vehicle to facilitate estate and succession planning, and as a tool for achieving strategic goals.  Conservation easements can be structured to provide a wide array of protections, for a period of years or into perpetuity, and their terms and conditions can vary widely depending on how the easement is negotiated.


The utilization of conservation easements for various purposes often requires the appraisal/valuation of the property rights conveyed.  That valuation must be conducted by a qualified appraiser under Federal law; and the valuation methods must comply with one or more of three sets of jurisdictional regulations.  These regulations include those imposed by the Uniform Standards of Professional Appraisal Practice (USPAP), under which all appraisals must be conducted, by the Internal Revenue Service (IRS), and by the Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA).  Depending on the type, purpose and qualified holder of the easement, the appraisal must comply with the regulations of at least one, and perhaps more than one, of these jurisdictions.  Therefore, it is important to engage an appraiser who is both qualified under Federal regulations and knowledgeable of the complex requirements governing conservation easement valuation.

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Hall and Hall has long been dealing with conservation easements throughout the various aspects of our business, from brokerage to appraisals, loans and ranch management.  The encumbrances imposed by conservation easements affect the future use and management, desirability and market value of ranch properties.  These affects are not necessarily negative, but they are a real consideration on the part of market participants, lenders and land owners in the decision-making processes involved with the sales and purchases, financing and management of today’s ranches.  With a thorough understanding of the benefits which can be achieved through the proper use of conservation easements, and by correctly structuring the governing easement, landowners can accomplish strategic goals for their property not otherwise possible.

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The broad scope of rural real estate services provided by Hall and Hall covers all of these areas. We have developed the expertise necessary to evaluate various types of conservation easements and advise our clients with respect to brokerage transactions, financial planning, ranch management and valuation issues.  The realm of conservation easements can be confusing, but with the proper expertise and guidance, their use can be highly beneficial and rewarding.

Search Ranches for sale in Montana, Texas, Colorado, Wyoming, and many other states that may provide opportunities for conservations easements.

Scott M. Griswold - Billings, Montana

griswold@hallandhall.com   |   406.656.7500