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Montana’s Broken O Ranch THE LARGEST LANDOWNERS & Cascade, Lewis & Clark, & Teton Counties THE LEADING LISTINGS IN THE U.S.

PLUS: 10 PROPERTIES FOR OVER $50 MILLION LOUIS BACON’S RECORD-SETTING CONSERVATION EASEMENT

TO ALL WHO KNOW THE VALUE OF LOOKING OUT OVER LAND THAT IS YOURS ...

The Land Report’s 100 understand that owning a ranch is first and foremost an investment in a tangible asset that can grow and be passed on to future generations. Fay Ranches is an expert in recognizing and realizing ranch value.

The supply of ranches is finite and decreasing and the demand is increasing. Ranches with profitable agricultural operations, exceptional views, unique water amenities or world class sporting opportunities are sought in today’s economic environment by savvy investors, expanding businesses, and families who value a genuine piece of the American tradition— room to roam.

Helping others discover and claim the unparalleled and timeless gifts found on the lands of the American West is what we strive for every day. It is an honor to connect others with the open spaces, lifestyle, and values we hold dear.

Fay Ranches is in the midst of the best year in the history of the company. We’d be happy to show you why.

Here’s to The Land Report 100, TheLand Report 10 0

John Malone No2,200.,000 acre1s

Left: Cowboys on New Mexico’s Bell Ranch. Middle: Bell Mountain towers over pronghorn antelope. Top: Timber stands. Below: The nation’s largest landowner in Sun Valley.

ritain’s Daily Mail was Malone’s track record as a flabbergasted — and rightly landowner has followed a similar so. The amount of acreage arc. Over the last two decades, Bowned by Liberty Media’s Chair- it too has ascended sharply. man John Malone is beyond the Out west, Malone’s Silver Spur comprehension of city slickers, Ranches are headquartered in suburban dwellers, and even plain Encampment, Wyoming. The country folk. As the Mail put it, ranches themselves are in the 71-year-old’s holdings are Wyoming, Nebraska, Colorado, “just under the size of the Middle and New Mexico. The most Eastern country Jordan and just famous is the Bell Ranch, a over the size of Serbia. That means 290,100-acre cattle kingdom the total sum of Mr Malone’s land REUTERS / RICK WILKING whose roots go back to is nearly three Rhode Islands. Or two Delawares. the 1824 Montoya Land Grant. Malone acquired The Bell It is the size of 151 Manhattan islands. It’s a lot of land.” from Chicago’s Lane family in 2010. Most of the ink devoted to this Connecticut native follows the In 2011, he acquired 1 million acres in Maine and New Hampshire developments at Liberty, which Malone has shepherded from its from GMO Renewables. His timing was spot-on. Thanks to an infancy as a minor spin-off of Tele-Communications Inc. (TCI) anemic housing market, timberland prices were in a trough. Now in 1991 to a major media holding company whose wide-ranging that the U.S. housing market is showing signs of life, there’s no interests include the Atlanta Braves and Starz. telling how much these holdings have appreciated.

4 TheLandReport | FALL 2012 LANDREPORT.COM TheLand Report 10 0

No. 2 Left: Turner in the Ted Turner field on Nebraska’s 2,000,000+ acres Spikebox Ranch. Above: A baby Bolson tortoise on New Mexico’s Armendaris Ranch. Right: Desert bighorn sheep gather in New Mexico. Below: In Dallas as Park Cities Quail’s 2012 honoree. TESF

RHETT TURNER

TESF

urner’s longtime leadership as the Chiricahua leopard frog, the a steward of the land received northern aplomado falcon, the its due this year as the man northern Rocky Mountain gray wolf, Thimself and his charitable endeavors and the Mexican gray wolf. were recognized time and again Turner Enterprises’ Biodiversity by some of the nation’s leading Divisions and the Turner Endangered conservation organizations. Species Fund were selected this May In March, Turner’s passion for as recipients of the 2012 President’s upland birds was singled out when Fishery Conservation Award from the he became the sixth recipient of the American Fisheries Society for work T. Boone Pickens Award from Park with westslope cutthroat trout, Rio Cities Quail, which is dedicated to Grande cutthroat trout, Rio Grande sustaining and restoring huntable wild PARK CITIES QUAIL chub, Rio Grande sucker, and arctic quail populations as well as encouraging and educating youth. grayling. The American Fisheries Society is the nation’s preeminent Also in March, the U.S. Fish & Wildlife Service announced that organization for advancing sound science, promoting professional the Turner Endangered Species Fund was designated a 2011 Recovery development, and disseminating science-based fisheries information Champion. This prestigious award honors outstanding efforts to for the global protection, conservation, and sustainability of fisheries conserve and protect imperiled species. Among those benefitting resources and aquatic ecosystems. The Fishery Conservation Award from the foundation’s efforts include the Bolson tortoise, the desert is a resounding endorsement of the fine leadership that Dr. Carter bighorn sheep, the black-footed ferret, the red-cockaded woodpecker, Kruse has displayed as Team Turner’s lead on these projects.

LANDREPORT.COM FALL 2012 | TheLandReport 5 TheLand Report

Racing Hall of Famer D. Wayne Lukas No. 4 (right) leads Brad Kelley’s Kentucky 10 0 Derby hopeful Optimizer during a workout at Churchill Downs.

REUTERS/JOHN SOMMERS II

E3mmerson Family B4rad Kelley I5rving Family 1,840,000 acres 1,500,000 acres 1,200,000 acres

ierra Pacific Industries (SPI) was entucky Derby hopeful Optimizer ased in New Brunswick, Canada, J.D. founded in the 1920s by Curly Emmer- (pictured above) got a new home Irving Inc. owns more than 1 million son and has been owned and operated after his owner, Brad Kelley, took the acres of timberland in Maine (as well Sby his descendants ever since. Based in rKeins at Calumet Farm. The historic 800-acre Bas substantial tracts in Eastern Canada). The Northern California, with additional hold- Lexington landmark, which had been owned Irving family’s forestry business dates back ings throughout the Pacific Northwest, SPI is by the heirs of Henryk de Kwiatkowski, sold more than 125 years, but management is the second-largest lumber producer in the for an estimated $36 million this spring definitely forward-thinking. One example nation. Although the Emmersons seek to ($50,000 per acre). In 1992, de Kwiatkowski would be the company’s substantial invest- expand their holdings through strategic paid $17 million ($21,250 per acre) for the ment in biomass energy. Another would be acquisitions, they have given more than 350 farm. Since its founding in 1924, Calumet at its Cavendish Farms, which rank as square miles of their California holdings to has enjoyed a record number of Triple one of the largest potato processors in North federal, state, and local entities. These trans- Crown winners. No doubt Kelley hopes to America, where the company has replaced fers have included tracts with high conserva- emulate this success going forward. He has engines that use heavy-grade fuel oil with tion values as well as ones with outstanding relocated his Hurricane Hall and Bluegrass those using cleaner-burning natural gas. recreational features. Among them are Hall racing operations to the stables. Kelley’s The family-owned company continues its the Sacramento River Bend Outstanding interest in animals goes beyond Thorough- tradition of planting trees. Over the past 50 Natural Area, Mt. Lola, Martis Peak, breds and includes endangered species. He years it has planted over 850 million of them. Perazzo Meadows, and lands along the provides support to many wildlife and con- This year alone, J.D. Irving will plant some American, Yuba, and Rubicon Rivers. servation groups around the world. 30 million seedlings in its forests.

6 TheLandReport | FALL 2012 LANDREPORT.COM TheLand Report 10 0

No. 7 King Ranch’s name and reputation extends far beyond the bounds of its South Texas roots. Through its part- nership with Ford Motor Company, the Running W brand can be found on Ford’s line of best-selling trucks.

GUSTAV SCHMIEGE III

S6ingleton Family K7ing Ranch Heirs P8ingree Heirs 1,110,000 acres 911,215 acres 830,000 acres

eadquartered at New Mexico’s ing Ranch is a recognized leader aine broke off from Massachu- famed San Cristobal Ranch just out- in research projects involving setts and was granted statehood side of Santa Fe, Singleton Ranches agriculture as well as wildlife. On in 1820. Only two decades later, His nationally known as one of the country’s OKctober 25 and 26, ranchers and landowners DMavid Pingree, an enterprising partner in top cow-calf operations. Family patriarch from across the U.S. will journey to South a successful Salem shipping firm, saw oppor- Henry Singleton cofounded Teledyne with Texas to attend the King Ranch Institute for tunity in the northern part of the new state. George Kozmetsky. Later in life he began Ranch Management’s annual Symposium Groups of investors were pooling their re- acquiring ranches in New Mexico totaling on Excellence in Ranch Management. This sources and purchasing at auction blocks of 1 million deeded acres and 165,000 acres of year’s focus is “Water: Agricultural Chal- land to be held “in-common-and-undivided.” state leases. His heirs continue this tradition lenges and Strategies for the Future.” King According to the Essex Institute, Pingree and own and operate ranches in California, Ranch, the King Ranch Institute, and Deseret bought land in 25 different Maine townships. including the Peachtree and Top ranches in Ranches sponsored a “Ranching and Water More than a century later, his heirs consoli- Salinas Valley and the River Island Ranch at Strategy” meeting earlier this year involving dated their “in-common-and-undivided” the foothills of the Sierra Mountains. The leaders in agriculture and ranching. The interests into wholly owned blocks. From Salinas Valley ranches were once part of participants defined the issues, challenges, over 2 million acres of joint ownership, there the San Lorenzo Land Grant of 1842. and potential actions that might be taken emerged just under 1 million acres owned Cowboys working those ranches still use with regard to the defining challenge of the outright. The Pingree family formed Seven the traditional riatas, bits, spurs, and tack next decade: protecting landowners’ water Islands Land Company in 1964 to manage of the legendary vaquero. rights for agriculture and other beneficial use. this acreage.

LANDREPORT.COM FALL 2012 | TheLandReport 7 TheLand Report 10 0 Reed Family Ford Family universities to develop a high-yielding | 770,000 acres | 625,000 acres eucalyptus as a future bioenergy feedstock. T9he Reeds’ Green Diamond Resource 1The1 family’s lumber company was founded Its 52,000 acres of native pines in South Company and Simpson Investment in 1936 by Kenneth Ford, whose son, Allyn, Florida are pristine areas exclusively man- Company trace their ownership back five is the current president and CEO. Now in its aged for wildlife habitat. Lykes Bros. also generations to family patriarch Sol Simpson. seventh decade, Roseburg Forest Products is has a significant sugar cane operation, and The Reeds own and manage forests in a Ford family-owned company that owns the company is developing a groundbreaking California and Washington and produce and operates sustainable forestland in cellulosic ethanol facility that will convert redwood and Douglas-fir lumber. All of their Oregon and California. A substantial portion renewable grasses to fuel. timberlands are independently certified to be of this portfolio dates back to the 1996 in compliance with the Sustainable Forestry acquisition of International Paper’s timber- Briscoe Family Initiative Standard. lands in Southwest Oregon. Roseburg utilizes | 560,000 acres 10 biomass cogeneration and recycled tons of 1The3 Briscoe family is headquartered outside Stan Kroenke reclaimed wood into panels that sequester of Uvalde. The ranches themselves are spread | 740,000 acres carbon. The company also plants millions of across nine different counties in the Lone K1ro0enke’s ownership interests in sports trees each year, has reduced its carbon foot- Star State. Dolph Briscoe Sr., a cattleman, teams runs the gamut: the NFL’s St. Louis print through vertical integration, and offers began the family's love affair with the land. Rams, the NBA’s Denver Nuggets, the a wide selection of certifiably green building His son, two-term Texas governor Dolph NHL’s Colorado Avalanche, and MLS’s products. Over 175,000 acres of Roseburg Briscoe Jr., grew the Briscoe family’s holdings Colorado Rapids. His controlling stake timberland are certified by the Forest and ranching operations to the point that he in the Premier League’s Arsenal FC is the Stewardship Council. was recognized as the largest individual subject of unending press in Great Britain. 12 landowner. Following Gov. Briscoe’s death But out west, this real estate developer is Lykes Bros. Heirs in 2010, the family’s ranches are now being best known for his landholdings, including | 615,000 acres guided by the third generation. Cedar Creek Ranch, PV Ranch, and the 1The2 family owns 275,000 acres in Texas and 540,000-acre Q Creek Ranch. Based in 337,000 acres in Florida. The cattle operation W.T. Waggoner Estate Central Wyoming’s Shirley Basin, Q is one of the largest in the country with equal | 535,000 acres Creek ranks as the largest contiguous emphasis on forage quality and nutritional 1Dan4 Waggoner was a pioneering Texas ranch in the Rocky Mountains. value. The forestry division has worked with cattleman who made his fortune in the early 1870s trailing longhorns from North Texas to market in Kansas with his son W.T. (Tom). Between 1889 and 1903, D. No. 15 Waggoner and Son established a cattle Water, not oil, was kingdom totaling more than 1 million the O’Connors’ goal acres. Today, the W.T. Waggoner Estate, which is managed by A.B. Wharton and when they brought Gene Willingham, is recognized as the the first rotary largest ranch in the nation under one fence. drilling equipment to The ranch’s production sale, which is held each September in Electra, features top Texas in the 1880s. Quarter Horse bloodlines.

D.M. O’Connor Heirs | 500,000 acres 1The5 O’Connor Ranch traces its roots back to a Mexican land grant that was given to Tom O’Connor and an uncle. Decades later, Tom and son Dennis Martin are reputed to have brought the first rotary drilling equip- ment to Texas. But their quest wasn’t oil. It was water. The two pioneered the drilling of artesian wells to stave off drought conditions. Eventually, however,

the Tom O’Connor Field became one of the world’s most productive oil fields.

8 TheLandReport | FALL 2012 LANDREPORT.COM

SOLITAIRE RANCHs"OZEMAN -4s  

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FIND YOURS: FAYRANCHES.COM/LR 1-800-238-8616 TheLand Report 10 0 Phillip Anschutz Simplot Family hotels such as Salt Lake City’s Grand | 434,493 acres | 408,663 acres America, and land. Lots of land. I1n a6ddition to owning sizable and successful W1a8nt to know how to grow a one-man ranching operations such as Wyoming’s farming operation into one of the world’s Malone Mitchell 3rd Overland Trail Cattle Company, Anschutz’s largest privately held agribusinesses? Think | 350,000 acres investments include energy exploration and two words: french fries. At age 14, Jack 2In t0he Big Bend country of Far West Texas, production, real estate, ranching and agricul- Simplot founded the J.R. Simplot Company many an iconic ranch has gone the way of ture, telecommunications, newspapers, and in 1923. His big break came in the 1940s, the cattle drive. Not so at Malone Mitchell’s Internet publishing. His Anschutz Entertain- when his company developed the first Longfellow Ranch. The Oklahoma State ment Group, the world’s largest owner and commercially viable frozen fries. Today, the alum has resurrected a nineteenth century operator of sports and entertainment Simplot family, through their privately held ranching empire that was founded just west venues, is currently pursuing development agribusiness, employs more than 10,000 at of his hometown of Sanderson. The tiny of a downtown Los Angeles NFL stadium processing and manufacturing plants in town of Longfellow took its name from the called Farmers Field. North America, Australia, China, and New poet Henry Wadsworth Longfellow. The Zealand. They own and operate 15 ranches Longfellow name was then bestowed on Drummond Family in Idaho, Nevada, Oregon, and Utah, and an ever-expanding ranching empire that | 433,076 acres more than 30 irrigated farms in Idaho, grew out of the rich native grasses of the T1ha7nks to April’s highly successful auction Washington, Oregon, and Nevada. Chihuahuan Desert. Today, Mitchell’s of the family’s Waurika Farms by Hall & Hall ranch has built its reputation on world-class Auctions, the Drummonds’ tally is 7,000 Robert Earl Holding hunting: mule deer and whitetails, aoudad, acres lighter than 2011. The good news is the | 400,000 acres javelina, turkey, dove, and blue quail. In Oklahoma beef production operation fetched F1ro9m a small stake in a Wyoming truck stop, addition, Longfellow Ranch boasts a herd a whopping $11 million. Pre-sale estimates this Salt Lake City native has pieced together of more than 800 elk, a rarity in Texas. ranged from $1,300 to $1,500 per acre; an empire that includes ski resorts in Idaho In 2009, it was selected as winner of eager buyers bid it up to $1,833 per acre. (Sun Valley) and Utah (Snowbasin), luxury the Lone Star Land Steward Award.

No. 19 Earl Holding acquired Sun Valley Resort in 1977.

10 TheLandReport | FALL 2012 LANDREPORT.COM

DIAMOND B R IVER R ANCHs % M I G R A N T - 4 s         

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FIND YOURS: FAYRANCHES.COM/LR 1-800-238-8616 TheLand Report 10 0 Jeff Bezos | 290,000 acres No. 25 2The6 billionaire founder of Amazon.com Want to experience life owns property in Far West Texas that is on one of America’s used primarily for his space exploration venture, Blue Origin. Located just south largest ranches? Book of Guadalupe National Park, Bezos’s Corn you and yours in at the Ranch is the site of regular test flights, Flitner family’s Hideout most notably for the New Shepard reusable launch vehicle. Lodge and Guest Ranch:

www.thehideout.com. Collier Family | 280,000 acres 2Col7lier County takes its name from this family’s patriarch, which gives you an idea of the family’s landowning history. Barron Gift Collier purchased his first citrus grove in 1922. Today, the Colliers’ holdings reach across Florida.

H.L. Kokernot Heirs Hughes Family alone spans 292,000 acres. He’s devoted | 278,000 acres | 325,000 acres to stewardship of land, wildlife, and the 2The8 Kokernots’ Texas ties date back to the I2n t1he late 1960s, Dan Allen Hughes Sr. dis- preservation of natural elements, as Revolution. According to the State Historical covered that land was a good place to invest demonstrated in a reforestation project Society, the family’s o6 brand was first regis- the earnings from his oil and gas business. on his Wyoming ranch. tered in Calhoun County in 1837. Today, the Today, the family’s holdings stretch through- heirs of H.L. Kokernot operate in Brewster, out their home state of Texas. Primarily used Nunley Family Jeff Davis, and Pecos Counties. for recreational pursuits, the Hughes family | 301,500 acres also uses some of its acreage to run cattle and 2Rep4resenting the third generation of a re- Anne Marion for commercial hunting. “Land is a good in- spected ranching family, Richard and Bob | 275,000 acres vestment, but it’s also something to enjoy Nunley founded Nunley Bros. Ranches in 2“Lit9tle Anne” is president of Burnett with your family and hopefully pass on to fu- 1972. Today, their holdings are located in Ranches, which owns the Four Sixes ture generations,” says Dan Allen Hughes Jr. Texas and New Mexico, and include a large- Ranches. Her great-grandfather, Captain scale cow-calf operation noted for its Santa Samuel “Burk” Burnett, founded the ranch Collins Family Gertrudis herd. The family’s Running N in 1868. Given the renown of the 6666 | 312,188 acres Hunting Group offers trophy whitetail deer, brand, many rumors have sprung up T2he2 fourth generation oversees the family’s pronghorn, mule deer, and dove hunts in pertaining to its origin, including a Collins Companies, which includes timber South Texas and West Texas. winning poker hand that was held by operations and Forest Stewardship Council- Captain Burnett. The truth is much certified forests. Since 2010, the family added Flitner Family more straightforward. In 1868, the around 11,000 acres in Pennsylvania and | 300,000 acres pioneering rancher bought 100 head of more than 6,000 acres along the California- 2Dav5id and Paula Flitner pieced together cattle from Frank Crowley, and every Oregon state line. The family firm focuses on multiple parcels to form their sprawling one of them was wearing the 6666 brand. sustainability and biodiversity in its forests. Wyoming outfit. David’s grandfather homesteaded the original 160 acres; the Babbitt Heirs Patrick Broe expansion began in earnest some 20 years | 270,000 acres | 310,000 acres ago. The former president of the Wyoming 3Esta0blished in 1886, Babbitt Ranches B2ro3e founded his namesake company in 1972 Farm Bureau, David and Paula founded span much of Arizona, including the as a Denver-based real estate asset manage- The Hideout Adventures in 1992. They’re Coconino Plateau Natural Reserve Lands. ment firm. The Broe Group is a diversified still fixtures at The Hideout Lodge & Guest Bill Cordasco, a fourth-generation family private equity investment enterprise focused Ranch, but nowadays Paula’s nephew Peter member, oversees the holdings, which on farms and ranches. Broe owns spreads in DeCabooter and wife Marijn Werquin run include more than 400,000 acres of leased Colorado, Wyoming, and, most notably, New this upscale working guest ranch east of lands as well as the 270,000 deeded acres Mexico, where his Great Western Ranch Yellowstone National Park. owned by the family.

12 TheLandReport | FALL 2012 LANDREPORT.COM

STEELE CREEK RANCHs"UFFALO 79s  

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FIND YOURS: FAYRANCHES.COM/LR 1-800-238-8616 TheLand Report 10 0 D.K. Boyd | 244,329 acres 3Thi7s rancher, oilman, and West Texas native “picked up a few acres this year,” increasing his total of deeded land by 600-plus acres. Boyd pieced together his portfolio with wife T.J. at his side. Their holdings include the historic Frying Pan Ranch and the LE Ranch, which are still working cattle operations. Boyd is known for doling out advice, and he’s always willing to share his expertise. “It’s the old cowboy approach to life,” he says.

The Koch Family | 239,000 acres 38The family’s historic Matador Ranch in No. 31 West Texas dates back to a group of Scottish investors who acquired 1.5 million deeded La Escalera Ranch Manager Gene Lyda’s saddle acres and 1 million acres of open range awaits a fresh mount from the Escalera remuda. in 1882. Under current management, the

LYDA VIDEO & PHOTO/WWW.LYDA.TV Matador has earned awards for its land management programs from Texas Parks & Lyda Family Mike Smith Wildlife, the Society for Range Management, | 260,035 acres | 252,724 acres Texas & Southwestern Cattle Raisers T3he1 century-old ranch is known for its Black 34Amarillo’s Mike Smith continues to add a Association, and the Texas Commission Angus cattle and abundant wildlife: desert little here and a little there for a total of more on Environmental Quality. Other Koch mule deer, pronghorn, elk, Barbary sheep, than 4,000 acres since 2011. A large percent- ranches are in Kansas and Montana. Rio Grande turkey, and blue quail. It was re- age of Smith’s holdings are farmland and named La Escalera Ranch (Spanish for "the grassland used for commercial cattle and McCoy & Remme Families ladder") when it was acquired by San Antonio recreational pursuits in the Texas Panhandle. | 230,000 acres building contractor Gerald Lyda. The ranch is 3Go9 to Land Report.com to learn the com- co-owned and operated by siblings Gerald D. Reynolds Family pelling story of family patriarch Emmett Lyda, Gene Lyda, and Jo Lyda Granberg. | 250,000 acres McCoy (1923-2012), who bought his first 3The5 Reynolds Cattle Company dates back to ranch in Central Texas in 1961. The family Jones Family the Civil War. In 1895, the family acquired has subsequently expanded its holdings to | 255,000 acres 380,000 acres in the Davis Mountains. In the include highly productive tracts in the Davis T3he2 family’s holdings include the Alta Vista 1920s, the 64,000-acre Rita Blanca Division Mountains of Far West Texas. Their historic Ranch, Alta Colorado Ranch, and Borregos of the XIT Ranch was added to their tally. 55,374-acre Rockpile Ranch is listed with Ranch. A fourth-generation descendant of Today, the family’s ranches spread across King Land & Water for $54.5 million. patriarch William Whitby Jones, A.C. Jones Far West Texas and into New Mexico, James King is the listing agent. IV manages the family’s land, most of which Arizona, Montana, and North Dakota. is located near Corpus Christi, Texas. Llano Partners Paul Fireman | 225,000 acres True Family | 247,000 acres 40This family partnership, which is based out of | 255,000 acres 36The former Reebok chairman, Fireman owns Austin, is headed by general partner Hughes I3n 12957, True Ranches was established in one of the largest ranching operations in the Abell. It owns and operates ranches and Wyoming. Like a lot of ranch operators, there West. Nevada’s Winecup-Gamble Ranch has farms in Texas and New Mexico. In addition was a successful oil field company covering permitted grazing access to almost 750,000 to cattle, the partners emphasize commercial the bills. Today, the True family still operates acres. Add to that the ranch’s deeded acreage hunting with a conservation bent. multiple petroleum firms. But the ranching and the total is almost 1 million acres. division, True Ranches, has also taken off and The Winecup-Gamble has geothermal hot Homer Scott Heirs now includes seven ranches, two farms, and springs as well as renowned elk hunting. | 220,000 acres two feedlots in Wyoming, including the Previous owners of the Winecup-Gamble 4Win1ner of this year’s Montana Environmen- family’s first holding, the Double Four, include actor James Stewart and former tal Stewardship Award, the Padlock Ranch near Laramie Peak. Nevada Governor John Sparks. dates back to 1943 when Homer and Mildred

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SPRING CANYON RANCHs(AILEY )$s  

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FIND YOURS: FAYRANCHES.COM/LR 1-800-238-8616 TheLand Report 10 0 Killam Family Hunt Family | 210,000 acres | 190,000 acres O4.W5. Killam was an Oklahoma state senator 5H.L0. Hunt founded Hunt Oil Company in who left the Sooner State to find his fortune 1934. Today, the family’s interests go well in South Texas. He found it when he became beyond energy. Through the Hoodoo Land the first man to discover oil south of San & Cattle Company, the Hunts own land in Antonio. The Killam Companies continues Arizona, New Mexico, Montana, Wyoming, to find oil (and natural gas) in Webb, Zapata, Utah, and Texas. The Hunt family is holding and Duval Counties. The family firm is led the land for future development or mineral by David Killam, who holds a professional exploration, but, until then, its farms and degree in ranch management from TCU. ranches raise cattle and horses and produce The family’s ranching operations include the hay, corn, citrus, grains, and sugar. Ortiz Ranch and the Duval County Ranch. Tim Blixseth No. 39 189,000 acres To Emmett McCoy, working on his Texas ranches East Wildlife Foundation | never did seem like work. It was what he loved to do. | 200,000 acres 5Blix1seth built his fortune buying and selling R46obert East was a great-grandson of timber and timberland in the West and Scott ran just 300 cows on 3,000 acres. Captain Richard King, founder of King Pacific Northwest, and today focuses on Today the family runs 11,000 cattle on Ranch (see No. 7 King Ranch Heirs). high-end real estate transactions through his 500,000 acres in three ranch units. Some Today, the nonprofit East Wildlife Founda- Nevada-based Desert Ranch partnership. 220,000 acres are deeded. tion manages six ranches dedicated to East’s dream of enhancing compatibility between Bidegain Family 180,000 acres Louis Moore Bacon livestock and wildlife in South Texas. | | 215,711 acres 5The2 T4 Cattle Company in Montoya, New 4In 22012, this longtime proponent of land- Eugene Gabrych Mexico, has been in the family since 1902, scape and wildlife conservation donated | 200,000 acres when it was much smaller and originally the largest conservation easement to the C46alifornia businessman Eugene Gabrych known as the Kohn Ranch. Phil Bidegain, federal government in U.S. history (see page owns ranches in California and Nevada the founder’s great-grandson, manages the 17). Bacon has spent more than 20 years that are home to a variety of farming and sizable ranch, which includes a cow-calf advocating the conservation and protection ranching activities. His 18,000-acre Rock operation, Quarter Horse program, and of natural resources, both in the U.S. and Springs Ranch is one of the best hunting farming division. around the world. ranches in the Golden State, and offers impressive views of the San Joaquin Williams Family 180,000 acres Roxana Hayne & Joan Kelleher Valley and the Sierra Nevadas. | | 213,370 acres 5The2 family’s Pitchfork Land & Cattle 4Ver3mont native Alfred Gage came to Langdale Family Company, with a home ranch that covers Texas as a teenager and went on to found | 200,000 acres 165,000 acres in Texas, includes a cow-calf the A.S. Gage Ranches. At its peak, the T46he family’s Langdale Company began in operation, a hunting program, and a horse ranch covered more than half a million acres 1894 with a crop of turpentine timber, and program that is known for its signature in Brewster and Presidio Counties. Today, today it’s evolved into a diversified enterprise Pitchfork Gray. The Pitchfork is also the Gage’s granddaughters Roxana (née Catto) that includes forestry, forest products, and site of successful oil and gas exploration. It’s Hayne and Joan (née Negley) Kelleher land development. The Langdales made sus- produced millions of barrels of oil since the own the largest remaining portion of this tainability a focus decades before it became first well was drilled over 30 years ago. historic ranch. a buzzword; since the 1930s, the company has planted more trees than it’s harvested. Robert Funk 175,000 acres Cassidy Heirs | | 212,985 acres Bogle Family 5Go4v. Mary Fallin of Oklahoma recently 44In 1859, John Cassidy immigrated to Maine | 192,000 acres joined more than 1,000 other guests at from Nova Scotia, and within a decade he F4am9ily patriarch Hal Bogle assembled the Big Event, which takes place at Express had begun to acquire timberland in the Pine an impressive collection of farms and Ranches headquarters in Yukon. She singled Tree State. Over the years Cassidy continued ranches across the Southwest, and his family out Funk for his commitment to their state’s to add to his holdings, making a name for has continued this legacy through parent schoolkids as well as Express’s success as the himself and helping shape Bangor along the company Bogle Ltd. In addition to farming nation’s largest seedstock producer. Funk also way. Today, the family’s Cassidy Timberlands cropland, it runs a respected cattle ranching owns the magnificent UU Bar Ranch has forestland throughout Maine. operation and Quarter Horse program. in Northern New Mexico.

16 TheLand Report | FALL 2012 LANDREPORT.COM

CIRCLE B RANCHs-ANHATTAN -4s  

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FIND YOURS: FAYRANCHES.COM/LR 1-800-238-8616 TheLand Report 10 0 Russell Gordy Irwin Heirs According to published reports in the | 170,129 acres | 170,000 acres Midland Reporter-Telegram, the Fasken 5Lik5e many energy entrepreneurs, Gordy 5Joh6n Irwin II purchased the historic O RO family retains the acreage, minus 57,600 has enjoyed considerable success the oil Ranch in the early 1970s. Today the O RO acres sold to J.E. Mabee in the 1930s. and gas business. The Houstonians owns is owned by his heirs. The chain of title of ranches out west as well as in the Lone the O RO predates Arizona statehood and Mike Mechenbier Star State, including the Rock Creek is linked to the massive Baca Land Grant. | 163,800 acres Ranch in Southwest Texas, the Lone T6he1 purchase of the Loveless-Romero Ranch Star Land & Cattle Company in Sugg Family upped the total for this New Mexico rancher Wyoming, and multiple ranches | 166,655 acres and philanthropist. The L-R’s 21,800 deeded in Montana. 5Bas8ed out of San Angelo, Texas, brothers acres abut Mechenbier’s existing holdings, Cal and Joel Sugg operate family-owned which include the Four Daughters, the Broadbent Family cattle ranches. Dockery-Collins, and the Pie Ranch. | 170,000 acres 5The6 family’s considerable holdings can Fasken Family Benjy Griffith III be traced back almost a century ago to | 165,000 acres | 161,093 acres when Joseph Ray “J.R.” Broadbent began 5In 19913, a Canadian attorney named David T60he Southern Pine Plantations founder has a lamb-feeding operation on the West Fasken purchased the 222,600-acre C Ranch holdings throughout the South and Montana. Coast. Today, J.R.’s sons — Joseph S. from the estate of Nelson Morris, a Chicago He owns mineral rights in East Texas where Broadbent and his brother Ray — meatpacker. Morris had acquired the C he has leased 10,000 net minerals acres. oversee the Broadbent Grazing Ranch, which included acreage in Andrews, Griffith feels just as strongly about investing Association and its landholdings in Ector, Martin, and Midland Counties, from in land as he did when he started his California, Utah, and Wyoming. the Texas General Land Office in 1883. company 28 years ago. I I I

No. 54 E G E

I Bob Funk’s Express Ranches M H C

S are recognized as the nation’s

V A T

S leading seedstock producers. U G

18 TheLandReport | FALL 2012 LANDREPORT.COM TheLand Report 10 0 George Hearst Jr. passed No. 64 away at the Stanford University Medical Center on June 25. S E M A

E G D I M

Cogdell Family preserve the condition of the coastal Emily Garvey Bonavia | 160,000 acres prairie and native grasslands. | 150,000 acres D6.M2. Cogdell Sr. began ranching in Texas in E66mily Garvey Bonavia and the the early 1900s, and his sons D.M. Junior and Ellison Family family’s Nevada First Corporation have Billy continued his legacy. Today the best- | 152,000 acres ranching and timber operations in Nevada known portion of the empire they created T6he5 family’s holdings include a number and Oregon. Conservation of the land is is the 160,000-acre Tule Ranch in the Texas of different Nevada cattle operations, always top of mind, says Nevada First Panhandle, which belongs to Billy’s children. including the famed Spanish Ranch, President Gary Bengochea. where headquarters are located, as well Fanjul Family as the 71 Ranch. Boswell Family | 155,000 acres | 150,000 acres T6ur3n to page 96 for an in-depth look at the Bass Family T66he family's J.G. Boswell Co. is the family’s Florida Crystals Corporation, which | 150,000 acres nation’s largest cotton grower. The owns 155,000 acres in South Florida. F66amily patriarch Sid Richardson was a company mills and sells Pima cotton larger-than-life Texan whose immense to textile makers around the world, Hearst Family oil and gas holdings earned him the and it also manufactures cotton | 153,000 acres telling nickname “The Billionaire Bachelor.” byproducts. Auscott, its Australian T64he Hearst family’s ranches include the Richardson’s great-nephews — Bob, Ed, Lee, subsidiary, is a major grower and Piedra Blanca Rancho (upon which sits the and Sid — share his considerable entrepre- marketer of Australian cotton. J.G. famous Hearst Castle) and the Jack Ranch, neurial talents as savvy investors of the first Boswell is also a major grower and both in California. The ranches have become rank. The four brothers are based in Fort supplier of tomatoes and also known for exclusively grass-fed beef, and Worth, but their extensive holdings are operates a variety of real estate practice well-managed grazing in order to far-flung. development companies.

LANDREPORT.COM FALL 2012 | TheLandReport 19 TheLand Report 10 0 Thomas Lane Family | 140,000 acres 7Res6pected Montana rancher Thomas Lane built his family’s cattle and ranch business from half a section into seven ranches throughout the state. Lane passed away two winters ago, and his four sons and two daughters continue the family’s ranching tradition and legacy of stewardship.

Harrison Family | 140,000 acres 7The6 Harrison Quarter Horse Ranch can trace its tradition of exceptional horses back to 1941, when D.J. Harrison first registered his horses with the AQHA. Ranch Manager Rosemary Harrison helps keep this family legacy alive.

Isaac Ellwood Heirs No. 72 | 130,000 acres 7The8 Renderbrook Spade Ranch was How much did Larry Ellison pay David Murdock for the island of Lanai? Only their attorneys know. established in 1889 in Texas by Isaac Ell- wood, the brilliant soul who invented barbed Eddy Family Wells Family wire. Today, in addition to Ellwood’s original | 150,000 acres | 149,000 acres ranch, the family owns and operates five 66Fourth-generation family member René T7he3 Rush Creek Land & Livestock Company, additional ranches in West Texas that are Ancinas leads the family-owned Port Blakely established by Thomas E. Wells in 1890, is collectively known as Spade Ranches. Companies, which owns and manages opera- still a family-owned working cattle ranch. tions in forestry and real estate interests in the Spread out over eight counties in Nebraska, JA Ranch Heirs Pacific Northwest. Rush Creek Land & Livestock has bred | 130,000 acres and raised its own line of purebred Arabian 7The8 oldest privately owned ranch in the William Henry Green Heirs horses, which are used for working the cattle Texas Panhandle, the JA Ranch takes its | 150,000 acres as well as for endurance competitions. name and its brand from an enterprising 66The family’s historic Green Ranch, headquar- Scot called John Adair, who, along with tered in Albany, Texas, is a working cattle L-A-D Foundation his wife, Cornelia Wadsworth Ritchie ranch still run by descendants of founder | 145,000 acres Adair, established operations in 1876 in William Henry Green. The Green Ranch is S7t. L4ouis businessman and conservationist a partnership with legendary cowman known for its outstanding remuda as well as Leo Drey accumulated a sizable private Charles Goodnight. Today, the JA is its cow-calf and stocker cattle operations. forestland in Missouri in an effort to protect managed in a partnership that includes it from clear-cutting, instead using a more Cornelia’s great-granddaughter Cornelia J. Luther King Jr. & Frank King conservative single-tree selection method of “Ninia” Ritchie, great-great-grandson | 150,000 acres forest management. After 50 years, Drey then Andrew Montgomery Bivins, Jay 66The Kings have holdings in the heart of donated fee title to the not-for-profit L-A-D O’Brien, and Dale Smith. Texas that they operate independently, Foundation in 2004, which today owns and including 4K Land and Cattle Co. manages that land. Monahan Family | 130,000 acres David Murdock Gerald J. Ford 7J.H.8 Monahan began the Monahan Cattle | 149,702 acres | 144,580 acres Co. in Nebraska as a 160-acre homestead in 7Dav2id Murdock’s sale of Lanai (pictured 7New5 Mexico’s Diamond A Ranch once be- 1893. The ranch today spreads across three above) made national headlines in 2012. longed to Robert O. Anderson, the nation’s counties and supports a substantial commer- His Dole Food Company still owns acreage largest landowner in 1960s and 1970s. Today, cial cattle operation, along with a respected on Oahu and has additional farms, orchards, the Diamond A belongs to SMU alumnus Hereford breeding program. Members of and a ranch in California to round out Gerald Ford, who also owns the champion the third generation of Monahans oversee his portfolio. Thoroughbred Pleasantly Perfect. operations jointly.

20 TheLandReport | FALL 2012 LANDREPORT.COM TheLand Report 10 0 Les Davis Heirs | 127,500 acres F8ran1k Springer founded Northern New No. 86 Mexico's CS Ranch well before statehood was granted. Grandson Les Davis took the reins in 1947. Les’s wife, Linda, along with their six children, runs the ranch today. Ranch operations cover a wide range of activities from cattle to horses, farming, and hunting.

Booth Family | 125,000 acres T8he2 family’s Booth Land and Livestock Ranch in Wyoming is a cow-calf operation that has

also been managed to facilitate movement of S E M

wildlife such as elk, pronghorn, and mule M I H T deer. Y H T O M I

Brite Ranch Heirs T | 125,000 acres T8he2 Brite Ranch, founded in 1885 by Luke Brite, is overseen today by the fourth genera- tion of the family. Jim White III manages the Secret of Success? Busy Bees! ranch, located in the Capote Mountains of Far West Texas. Roxanne Quimby | 119,000 acres Stefan Soloviev 125,000 acres 86In 1975, 24-year-old Roxanne Quimby, a Massachusetts native with an art degree, | arrived in the North Woods of Maine in a VW van. She and her boyfriend had driven S8inc2e 1999, this New Yorker has focused from California to homestead 30 acres on the edge of the largest expanse of wilderness on acquiring dryland farming operations east of the Mississippi. in Kansas, Colorado, and New Mexico at Nine years later, Quimby, now a single mother raising twins in a cabin, entered into the western edge of the High Plains. a collaboration with Burt Shavitz, a beekeeper who sold honey from the back of his Soloviev’s Crossroads Ag grows corn, pickup. Burt’s beeswax and Roxanne’s candle-making and lip balm-making skills canola, sunflowers, and cotton, including low- were a match made in heaven. It wasn’t long before the two were selling more Burt’s water-usage species. His 2012 Bees products at local fairs than they could produce. Their startup eventually grew acquisition of a 34,000-acre grassland into the best-selling brand of natural personal care products in the world with more ranch in New Mexico’s Chaves County than 160 minimally processed items. elevated him to Land Report 100 status. By 2000, Quimby got land fever and invested some of her Burt’s Bees earnings in It has also facilitated a year-round cow/calf 8,000 acres of Maine woodlands. By the time the Clorox Company acquired Burt’s Bees operation on wheat and native grasses. in 2007, Quimby had received $350 million for her shares. She bought more acreage in In the past, Crossroads Ag has operated all the North Woods, much of it in the view shed of Mt. Katahdin. of Soloviev’s acreage, but the heightened Quimby’s landholdings currently total 119,000 acres. Like many landowners, she has focus on wheat and cattle has led to a clear vision for next steps. She’d like to create a park. Make that two parks. The first, approximately one-third of the dryland Maine Woods National Park, would require a 70,000-acre donation and would reflect farming to be leased to tenants. her personal philosophy. “My first and foremost priority is to restore the ecosystem to create a fully healthy Milliken Family 119,500 acres habitat for the flora and fauna,“ she explains. To that end, hunters, loggers, four-wheelers, | and snowmobilers would not be welcome in Maine Woods National Park, she says. R8ese5arch revealed that the family’s Maine Naturally, her decision to create such a parkland has earned her praise as a forward- timber firm, Baskahegan Company, owns thinking conservationist. It has also led to the creation of “Ban Roxanne” bumper 19,500 more acres than previously reported. stickers by locals hungry for lumber jobs that no longer exist. On Quimby’s second The family-owned company is led by Roger park, a 30,000-acre tract to be donated to the state, those activities would be permitted. Milliken Jr., who is also the chairman of — Joe Nick Patoski The Nature Conservancy.

LANDREPORT.COM FALL 2012 | TheLandReport 21 TheLand Report 10 0 A Diversified

ountless elements Add to these feats a 3,000- to combine to elevate the 5,000-head commercial feedlot, Broken O Ranch to a which was purposely sited at lCeague of its own. First and fore- the very heart of the ranch. most, the Broken O is wet. Very This facility enables the Broken wet. And in the Rocky Mountain O to adjust to fluctuations in West, an abundance of water is a cattle prices as well as capture priceless attribute. enhanced margins for its grain. Bill Moore landing a beauty on the Sun River. More than 20 miles of the Sun River course through the heart of the giant ranch, nurturing its fields, nourishing its cattle, and beckoning wildlife and water- fowl. Some of the ranch’s water Mo9ore5 Family rights extend as far back as 1871 108,571 acres and predate statehood. The net result is that the Broken O, amily patriarch William E. “Bill” Moore which spans Lewis and Clark, (1917-2004) excelled in all aspects of Cascade, and Teton Counties, life. His prowess as a tennis player won Fhim a scholarship to Georgia Tech, where currently irrigates in excess of he teamed with Russell Bobbit to win the 13,000 acres. Southeastern Conference doubles crown in Lastly, there is the sheer size of 1938. After serving his country aboard a the Broken O itself. At 124,000 Navy destroyer in the South Pacific during acres — 108,571 deeded and World War II, Moore teamed with Bill Kelly to found Kelly-Moore Paint Co. Their timing 15,430 leased — it is a titan, a couldn’t have been better. Thanks in part to behemoth, an empire. You’d tip California’s post-war building boom, your hat to the cattleman who “The feedlot is a significant Kelly-Moore became an industry leader runs 3,500 mother cows, 800 profit center for the ranch,” says with 2,300 employees, four manufacturing replacement heifers, and 175 Ranch Manager Dan Freeman, plants, and more than 150 stores in eight Western states. In the early 1980s, Moore range bulls. Who wouldn’t who has been on board since day outgrew his initial ranch purchase in the respect the farmer that was able one. “It’s one of many testaments Missoula area, and his focus shifted to the to produce 25,000 tons of alfalfa to Bill’s foresight. It allows us to Sun River Valley. He spent the next two hay and 700,000 bushels of bring in contract cattle and then decades piecing together the famed Broken small-grain crops year in and feed them at market prices with O Ranch. Moore’s able ranch manager, Dan Freeman, still oversees operations year out? our own grain.” for the family.

22 TheLandReport | FALL 2012 LANDREPORT.COM TheLand Report 10 0 Agricultural Hedge Fund

In addition to cattle sales, “I grew up on a commercial As an investment, it may be custom feeding, and wheat, hay, cattle operation just a couple best to consider the Broken O as and straw sales, other revenue of hours from the Broken O. My a diversified agricultural hedge streams include grazing leases, father instilled in me his passion fund, one that is collateralized by land leases, and oil and gas. The for ranching and land steward- land. “Ownership of the Broken Broken O’s high-grade barley ship, contributing to my tremen- O calls for a steward of the high- meets the exacting standards of dous appreciation for what Bill est rank,” says Swan’s colleague, longtime client Anheuser-Busch. Moore has done,” Swan says. Patrick Bates.

KENTON ROWE

Michael Swan of Bates Sanders Swan’s insights go beyond the The Broken O is offered at Swan Land Company is market- land to an understanding of how $132.5 million. “I can’t begin to ing the ranch for the family. After best to monetize this substantial tell you the number of men on securing the listing, he devoted asset. “The more time I spend the Forbes 400 list who’ve sat in three solid months to collecting, on the ranch studying the overall the front seat of my Suburban organizing, and refining reams of operation and its diversified and toured this ranch. It’s an eye- information in order to provide a profit centers, the more respect opener for them — and for me,” cogent yet comprehensive over- I have for the visionary team that Swan says. Learn more at view of the massive operation. created it,” he adds. www.thebrokenoranch.com.

LANDREPORT.COM FALL 2012 | TheLandReport 23 TheLand Report 10 0 Reese Family Moore Family Powell Heirs | 117,000 acres | 105,871 acres | 100,000 acres “8Go7od people, good country, good hunting 95See page 22-23. D9ist7inguished Rice alumnus James “Jimmie” — what else could you ask for except maybe Powell oversees the family’s ranching opera- a little less wind?” says Brad Reese. Robinson Family tions on the Edwards Plateau near historic | 103,000 acres Fort McKavett, Texas. The Powells have been Moursund Family 96Brothers Bruce and Keith Robinson are the breeding and raising Hereford cattle at their | 115,000 acres fifth generation of their family to own the Six Mile Ranch for more than half a century. W8it8h working ranches in Oklahoma, Texas, Forbidden Island, Niihau, a 72-square-mile Jimmie’s leadership is readily apparent by Nebraska, and South Dakota, the Moursund Hawaiian island that hides in plain sight his election as president of the Texas and family continues a tradition that began gen- across the Kaulakahi Channel from Kauai. Southwestern Cattle Raisers Association erations ago. Niihau was acquired in 1864 from King from 1988 to 1990. Kamehameha by the brothers’ great-great- Scharbauer Family grandmother Elizabeth McHutchinson Walter Umphrey | 113,532 acres Sinclair. The ship captain’s wife paid | 100,000 acres T8he9 Scharbauers moved to West Texas in the Kamehameha $10,000. (Compare that to the C9on7sidered one of the leading lawyers in 1880s to run cattle. Then they discovered oil. estimated half a billion price tag associated Texas history, Umphrey was once the Today, operations spread across West Texas with Lanai, which sold earlier this year.) proud proprietor of a multi-million-acre as well as the Panhandle. The Robinsons have gone to extraordinary cattle station in Australia. Today he limits lengths to ensure that time stands still on his holdings to ranches in South Texas. Clayton and Modesta Williams Jr. Niihau. Native Hawaiians predominate; The Baylor University grad made a name | 112,042 acres Hawaiian is the primary language. Modern for himself as a top legal talent in Beaumont C9la0yton Williams Jr. and wife Modesta are technology is nonexistent. There are no where he served as chief felony prosecutor dedicated ranchers and avid hunters who cars or paved roads. Horses and pedal power for the Jefferson County District Attorney. have been recognized by the Texas Parks are the primary modes of transportation. But he made a fortune for himself when he and Wildlife Foundation for their innovative Telephones and power lines are forbidden. joined with four other attorneys to take techniques to restore and conserve land. If you are at all curious about Niihau — and on Big Tobacco for the State of Texas — and we certainly are! — then sign up for a half- won. After the tobacco companies agreed Stan Harper day helicopter tour. For more information, to a $17 billion settlement, the five split | 111,877 acres go to www.niihau.us. contingency fees worth billions. N9ew1 Mexico native Stan Harper has land and cattle in Texas and New Mexico. In Beggs Family Yates Family addition to his Angus and Hereford cattle, | 100,000 acres | 100,000 acres he raises bison and Quarter Horses. 9Tex7as’s Beggs Cattle Company is an award- B9as7ed out of Artesia, this New Mexico winning outfit with ranching operations in family lists Martin Yates Jr. as patriarch Frank VanderSloot Cochran, Dickens, Garza, Kent, King, Parker, and inspiration. The pioneering wildcatter | 110,448 acres and Stonewall Counties. Beggs Cattle Com- chose the western edge of the Permian V9an2derSloot’s Riverbend Ranch is known pany dates back to 1876, when George Beggs Basin to stake his claim; in doing so, his for its purebred Black Angus. Sr. traded life in Great Britain for the Lone Illinois State #3 became the first commercial Star State and settled near Fort Worth. Proof oil well drilled on state-owned lands. From a Richard and Victoria Evans of these strong British ties can be seen today landowner’s perspective, the Yates own New | 110,000 acres on the hides of Beggs cattle. The family’s Mexico’s historic Ojo Feliz Ranch in Mora T9he3 couple’s expansive Double V Ranch third generation honored George Sr. by County near Wagon Mound. But from an in New Mexico is located about 25 miles choosing the British pound sterling symbol economic perspective, they have had a much south of Fort Sumner. Their considerable — £ — as their brand. Long before the Quar- greater impact in Southeast New Mexico domestic holdings, however, are a drop in ter Horse was formally recognized as a breed, by virtue of their family-owned oil and the bucket compared to their 500,000 acres the sturdy cowhorse was a fixture on the gas company. According to the Yates in South America. family’s ranches. In 2003, the Beggs were Petroleum website, the company is the awarded the AQHA’s Legacy Award. state’s eighth-largest natural gas producer Linnebur Family Anyone interested in acquiring one of these as well as the tenth-largest oil producer. | 110,000 acres mounts is encouraged to attend the Return The company recently implemented an G9en3e Linnebur and descendants of Emmett to the Remuda sale, which features wean- Avian Protection Plan to reduce the risk and Lloyd oversee a variety of farming and lings, yearlings, 2-year-olds, and stallion of injuries and mortalities to raptors and ranching operations in Colorado, including prospects from the Beggs, 6666, the migratory birds that might fly into Linnebur Grain & Buffalo. Pitchfork, and the Tongue River Ranch. company-operated power lines.

24 TheLandReport | FALL 2012 LANDREPORT.COM

EAGLE C AP H AY R ANCHs* O S E P H / 2 s        

BROKERING THE FINEST

RANCHES & SPORTING PROPERTIES

FIND YOURS: FAYRANCHES.COM/LR 1-800-238-8616