Bargains for cowboys (sort of)

Miller Lake RanchJason Spaeth broke the first commandment of ranch buying when he came across a 7,000-acre cattle ranch with miles of flowing streams and deer habitat in western Wyoming.

"The number one rule is don't get emotional, but I did," says the retired financial services executive, who paid about $10.5M for the property in June. "I really fell in love with the place."

Spaeth, who lives in Minneapolis, plans to operate the property as a cattle ranch and spend summers there with his wife and three sons. But he realizes it will be difficult to make money in the cow business. [read more]

 

 

Source: 
Financial Times
Date: 
Sunday, October 9, 2016 - 13:30