Investing in a Ranch

Some people view owning a ranch as an investment. The returns are positive, but they are only part of the story. Ranch land can be hard to sell or value. Also, ranches cost a lot of money to keep up, so even if the land is gaining value, owners still have high costs for upkeep. Ranch land still holds a spot in many wealthy investors’ portfolios though. Some of the return is the enjoyment of actually being at the ranch or working the land.

See Paul Sullivan, Wealth Matters; Owning a Ranch Offers Returns Beyond the Financial, New York Times, July 30, 2011.

Special thanks to Jim Hillhouse (WealthCounsel) for bringing this article to my attention.