Diverse Ranch Quick Sale Large 92,447-acre ranch sold near Rawlins, Wyoming

July 28, 2022

Montana Loans

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North Platte River Ranch Map

The North Platte River Ranch is an attractive investment opportunity for a large scale, low overhead ranch with an excellent lease and tenant in place.

Mason Morse Ranch Company has sold a giant checkerboard block of land located in the Haystack Mountain Range along the North Platte River near Rawlins, Wyoming in Carbon County. The ranch was put up for sale on January 17, 2022 for $11,750,000. The ranch will be in good hands, purchased by a conservation-minded buyer who will continue farming operations on the ranch. James Rinehart and John Stratman, brokers and principal owners of Mason Morse Ranch were the listing agents. Dave Johnson with Hall and Hall represented the Buyer. The ranch closed on July 20, 2022.

North Platte River Ranch’s an extensive land base covered five miles of frontage on the North Platte River, including 700 acres of river bottom, of which about 300 acres were under irrigation producing a yield of 500 to 600 tons of alfalfa per year. The ranch is a well established cow and calf operation with additional opportunities to hunt big game species, deer, elk and antelope. The North Platte River is a source of irrigation and blue ribbon fishing.

In total, the contiguous ranch consists of approximately 25,000 deeded acres as well as 40,960 acres of BLM land, 2,960 acres of public school lease and 23,527 acres of private lease. Improvements included a veterinary calving barn, feedlot, working corrals, two houses, and several support buildings for ongoing livestock operations.

Rawlins, Wyoming is an arid and cool climate. Annual rainfall at the airport is nine inches. This increases at higher ranch elevations. The hottest month of the year is July with an average daily high temperature of 84°. The coldest month is January with a maximum average of 31° and a minimum of 13°. The humidity is quite low. Average annual snowfall is 52 inches. The elevation ranges from 6,400 feet at river level to 7,700 feet at the highest point on the property.

Created in 1868 by the Dakota legislature, the county’s name is derived from the vast coal deposits found in the area. Originally covering the full width of Wyoming Territory, Carbon County was reduced in size by the creation of Johnson County in 1875 and Natrona County in 1888. Historically, it was crossed by the Overland Trail , the Oregon Trail, the Mormon Trail, and both the original Union Pacific Railroad and Lincoln Highway routes. Interstate 80 is now the preferred trail for most travelers through the county, although several minor scenic routes and side roads provide pleasant alternatives.

The Checkerboard Lands are remnants of the early American West when the federal government gave railroad companies alternating sections of land. In 1803, the Louisiana Purchase doubled the size of the expanding United States, and much of what is now Wyoming became an official part of the country. Over the next 100 years, explorers, surveyors, mountaineers, pioneers, Pony Express riders, and farmers traversed the state in search of opportunity.

The Transcontinental Railroad, completed in 1869, left an indelible mark on southern Wyoming. It was funded in part by land grants to the railroad under the Union Pacific Act of 1862. Congress granted all other sections (one square mile) of land within 20 miles of the railroad. iron to Union Pacific, which tried to sell it to raise capital. for the company. The land could then be sold at a profit at a later date. This was impractical in the vast semi-arid rangelands of the West. Many sections in remote areas remained unsold and in government possession, leaving a permanent checkerboard pattern of alternating public and private land.

The North Platte River Ranch is an attractive investment opportunity for a large scale, low overhead ranch with an excellent lease and tenant in place. A combination of ranching and recreation opportunities along the waterfront North Platte River presented an excellent financial opportunity for an investor,” said James Rinehart, listing agent, Mason Morse Ranch Company.


Deed: 25,000 ± acres

BLM: 40,960 ± acres

Private lease: 23,527 ± acres

State lease: 2,960 ± acres

Total: 92,447 ± acres


The BLM permit authorizes approximately AUM 4,320 of grazing on BLM land and an additional AUM 5,000 on deeded land, private leases and state lands. The private lease, which covers approximately 23,527 acres, is from Aggie Grazing. Due to checkerboard ownership, permit holder BLM manages grazing on the Aggie Grazing lease. These lands were former UP Railroad lands. This lease is renewed annually but has been owned by the North Platte River Ranch for many years. The Wyoming State Land Lease comprises 2,960 acres and is intermittent across the property similar to a checkerboard. An additional 700 acres are fenced with the property and currently no lease is being paid for those acres.


The ranch is well known as a cow-calf operation, with an arid climate and natural protection allowing for open calving. Pairs are brought to the northern part of the ranch in early April and remain at the ranch until November. The cows overwinter in the southern part of the North Platte River Ranch. Supplementary feed requirements vary with winter conditions and hay is generally distributed from late December to late April. These requirements are generally 1 to 2 tons per head. Currently, the ranch is in the final year of a five-year lease with a strong tenant, producing a favorable return for the owner.


Many big game species can be found on North Platte River Ranch and include antelope, deer, and elk. Antelopes are generally located throughout the ranch, but are concentrated in the central and western portions of the ranch due to terrain, vegetation, and climate. The rugged terrain of the Haystack Mountains and high ridges create excellent habitat for mule deer. Elk roam throughout the property, with a small resident herd. Transient populations can be found on North Platte River Ranch during fall and winter. The North Platte River runs through the property for five miles, providing aquatic opportunities such as fishing, wading, and rafting. Three and a half miles of river frontage provides a secluded atmosphere with no public roads or public access to the shore and only occasioned by some float traffic. Many species of fish can be found in the North Platte River and include brown trout, rainbow, cutthroat trout and walleye.


Livestock water is provided by electric and solar wells, numerous springs, 30 earthen reservoirs and the North Platte River. Water for the head office and feedlot is supplied by the Sinclair refinery at a very reasonable cost and is of high quality. Currently, livestock water meets the needs of the ranch while it is in operation.


Oil, gas and coal mining rights are believed to be reserved by prior ownership. The region’s wind potential has attracted the attention of wind developers. Although having been approached for development rights by a number of companies, the property remains free of any leases or options. Wind rights will pass to buyer at closing.

About the Mason Morse Ranch Company

One of the leading providers of farmland, ranch and recreation brokerage services in the American West. Professional services include real estate brokerage, auctions and market analysis. With roots dating back to 1961 in the Roaring Fork Valley near Aspen, Colorado, The Ranch Company specializes in helping clients buy and sell high-value farms, ranches and recreational land and large area. Together, the agents of Mason & Morse Ranch Company offer their clients over 133 years of experience in the sale and acquisition of real estate land. http://www.ranchland.com 877-207-9700

About Listing Agent James Rinehart

An avid hunter eager to settle in Wyoming, James Rinehart obtained his real estate license in 1991. After more than 27 successful years in the ranch real estate brokerage business, an opportunity presented itself to merge resources with Mason & Morse Ranch Company. The changing dynamics of land brokerage and James’ commitment to providing his experience and effective marketing services to clients were key decision factors in selecting Mason & Morse Ranch Company as a partner. James’ satisfaction as a farm and ranch broker stems from his contribution to improving wildlife habitat and the great outdoors through the sale of quality hunting and fishing properties using conservation practices. Over the years, the opportunities to be involved in conservation ranch brokerage have increased. James has been involved in approximately 75,000 acres of conservation easement-related transactions for buyers and sellers, either through the sale of facilitated ranches, the establishment of post-sale easements, or the permanent securing of land.

James Rinehart

Email: [email protected]

The Web: http://www.ranchland.com/jamesrinehart

Phone: 1-307-459-0035

About Listing Agent John Stratman

Since 1959, John Stratman has lived and worked on ranches in Colorado, Montana and Arizona and owned and operated a ranch in eastern Colorado raising seed stock Red Angus and registered Quarter Horses. Professionally, John spent 18 years in the agricultural investment department of MetLife, where he held various positions from field representative to regional manager. In addition to providing agricultural real estate loans, investment activities included the purchase, management and marketing of large agricultural properties in several western states. During his corporate career, John lived in various western states where he learned about farming and property. Working as a professional real estate broker since 2001, John has bought and sold farms and ranches in many western states and maintains an extensive list of contacts with real estate professionals and landowners across the landscape. vast and varied of the west.

John Stratman

Email: [email protected]

The Web: http://www.ranchland.com/johnstratman

Phone: 1-303-536-7571