Purchase of “working” ranches by wealthy outsiders is spreading far beyond the scenic hotspots near the National Parks and Wilderness areas of the Rockies. It is spilling out onto the plains where there has been a great depopulation as the economics of traditional ranching has collapsed.
Many places in Eastern Montana and the Dakotas now have fewer people per square mile than in 1890 when the Census Bureau declared the frontier was closed.
Hal Herring at New West looks into the phenomenon. Amenity Ranch Boom Spreads East.