Would Smith Creek Ranch Be a Good Investment as an ORP?

The allotments can support approximately 900 wild horses.

The price is $8.75 million.

If the BLM pays $2.50 per head per day for horses in off-range pastures, the annual revenue would be $821,250.

The simple rate of return would be 9.4% per year.

The agency would retain title and the ranch would be subject to periodic inspections.

If the herd had to retreat to the deeded acreage because of wildfire or drought, the stocking rate would be 324 wild horses per thousand acres, which means you’ll be feeding them until they can get back on public lands.

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