America's biggest ranch, which is larger than New York City, goes on sale for $713 million in Texas

[Jesus Malverde]

Source: Daily Mail UK

One of the largest ranches in the U.S. and an icon for Texas horse and cattlemen has been listed for $725 million, marking the end of a decades-long courtroom battle among the heirs of cattle baron W.T. Waggoner, who established the estate in 1923.

The estate includes the 510,000-acre ranch spread over six North Texas counties, with two main compounds, hundreds of homes, about 20 cowboy camps, hundreds of quarter-horses, thousands of heads of cattle, 1,200 oil wells and 30,000 acres of cultivated land, according to Dallas-based broker Bernie Uechtritz, who is handling the sale along with broker Sam Middleton of Lubbock.

Heirs and stakeholders currently occupy two of the three principle houses and much of the estate has not yet been explored for oil and other mineral reserves.

Uechtritz says the estate falls within a 'super asset class,' akin to selling the 'Statue of Liberty' of cowboy culture. The Waggoner Ranch is the largest contiguous ranch in the United States. W.T. Waggoner's father, Dan Waggoner, started ranching in 1849, and the Waggoner name was prominent in the development of Hereford cattle and pedigree American quarter horses.


Read more: http://www.dailymail.co.uk/news/article-3087774/America-s-biggest-ranch-larger-LONDON-goes-sale-713million-Texas.html#ixzz3abHRgefX

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[NV Whino]

1. I'm not interested unless it comes with bikers.

[leftofcool]

2. Really cute ones!

[NV Whino]

13. Is that even possible?

[Jesus Malverde]

4. Bandidos or Cossacks?

[NV Whino]

11. Ya gotta have both

For the excitement, dontcha know.

[TheCowsCameHome]

8. There shouldn't be any arguments over parking spaces.

That would be a plus.

[MisterP]

18. bring in some libertarians and try to take over the county government!

https://en.wikipedia.org/wiki/Loving_County,_Texas#Takeover_attempt_by_the_.22Free_Town_Project.22
launder all the money you want--and if you get lonely, head off to the cemetery

with a shovel

it's like if Insanity Wolf opened a party

[SoapBox]

3. That price is obscene.

Unless it was bought in total and turned into a National Wildlife Refuge and Park.

Wouldn't that piss off the frackers.

[Jesus Malverde]

5. Wow awesome post

For the price less than a month of war, we could have an awesome national park akin to Yosemite or Yellowstone!



Awesome!

[KamaAina]

15. Somehow I doubt that.

[DebJ]

6. But 510,000 acres at $725,000,000 is only

$1421.57 per acre.

[Lodestar]

19. Paging Ted Turner....oh Teeeed!

Aren't there any wealthy environmentalists????

[cilla4progress]

7. It'd be cool if

someone would buy it and turn it into a reserve or park of some sort!

Ted Turner, where are you?

[sharp_stick]

9. I'd probably have a hard time

coming up with 20% for the downpayment. I wonder what the private mortgage insurance would be like?

[rdking647]

10. calculating

725m is the asking price.
lets assume i can get it for 700m
20% down means a 560m mortgage
thats only 2,754,863 a month for 30 years assuming a 4.25% rate

maybe we can start a gofundme to raise the money

[NV Whino]

12. I like this idea.

[Elmer S. E. Dump]

16. EXAGGERATOR!!! 30 yr mortgages are below 4 percent!

SO the monthly payment would go WAY down.

[rdking647]

17. but this would be a JUMBO loan :)

[KamaAina]

14. New York City? Get a rope!

[Lodestar]

20. Maybe we can start an online 'people's pool' to purchase large acreages...

one way to combat the wealthy is to pool our resources. Everyone could donate $10.
If the lotteries can collect that much, why can't a good cause attract similar money?

[F4lconF16]

26. Because people wouldn't get anything.

If they don't have the rights to kick people off of it, it's not theirs, as far as they're concerned.

Plus, everyone knows if you buy a lottery ticket, you'll be a millionaire. It's a much better investment.

[onehandle]

21. I'd like to see a liberal buy it and turn it into a giant soybean farm.

Feeding the world would be great, but watching Texas Republicans' heads explode would be even better.

[Hotler]

22. Or make it a National Park. n/t

[Cal Carpenter]

24. Why would growing soy make heads explode?

Unless things have changed, soy is second only to corn as far as big agricultural crops in this country.

(eta per a quick google, in 2011 it was still #2, pretty sure it still is)

(whether or not it would be feasible to grow on that ranch is a different question, of course)

[NaturalHigh]

27. Well it says it has 30,000 acres of cultivated land.

I'm sure a large part of the remaining portion could be cultivated as well. Not all of it certainly, but I'm sure a lot of the pasture land could be converted to farm land over the course of a decade.

[Jesus Malverde]

28. Soy's negative effects - is This the Most Dangerous Food for Men?

The unassuming soybean has silently infiltrated the American diet as what might just be the perfect protein source: It's cheap and vegetarian, and could even unclog our hearts. But there may be a hidden dark side to soy, one that has the power to undermine everything it means to be male

http://www.menshealth.com/nutrition/soys-negative-effects

[erpowers]

23. I'd Love To Buy It

I would like to buy the ranch. Just to be clear I do not have anywhere near the amount of money needed to buy this ranch. I like just about everything about this ranch.

I assume this ranch was assembled with the help of the Homestead Act.

[Angry Dragon]

25. Probably more likely guns

[Liberal_in_LA]

29. hundreds of homes.. so I suppose 1000s live on this ranch