Southern Cross Ranch LLC owned the property until 2007, when an agriculture money lender, Texas Finance FLCA, had to foreclose on the property.
"It's virtually impossible for people to start getting into ranching unless they have the assets, their family passes it down or they marry into it," he said.
"The biggest energy potential on the ranch is wind," he said.
Idaho leads the region with an average value of $1,210 even though it fell 8 percent between 2011 and 2012. South Dakota's skyrocketed 25.5 percent to $590 per acre and Nebraska's shot up 24.5 percent to $660 in that time period. Colorado and Utah saw no increase in their values. Montana rose 7.5 percent to $570 per acre.
A large family from the Midwest purchased the Medicine Bow River Ranch on May 31. It's 77,000 acres of water, wildlife and pastures to feed cattle, said B. Elfand, a broker for the Montana based Fay Ranches who Nike Air Force 1 High White On Feet
The value of the ranch is generally tied to the amount of precipitation the area receives, Magagna said.
"This is one example of the strengthening ranch real estate market," he said. "Things seem to be headed in the opposite direction they were going a few years ago."
However, the state's prices are the lowest in the Mountain West region thanks to a lack of fertile crop land, said Steven Gunn, section leader of the USDA's National Agriculture Statistic Service in Denver.
He's recently sold land in Powell for anywhere Nike Air Force 1 Low Black And Grey between $3,000 and $6,000 an acre.
Loloff said the wives come with AR 15 rifles and the husbands come with AK 47s.
Agricultural value means very little to the price of land parcels in Wyoming, he said.
"The wet land is where the real estate developers and the 'McMansions' want to be," Bensel said.
The high demand for scenic land makes it hard for people in the ranching and farming industry to purchase parcels that receive moisture throughout the year, said Bill Bensel, a rancher and organizer with the Powder River Basin Resource Council.
"There's a tremendous demand right now for farm ground and tremendous demand to get to Wyoming," he said. "The realtors I talk to are having a hard time keeping anything on the market."
The average prices are just a starting point, Gunn said.
There are natural gas and crude oil wells on the property, as well as nine wind turbines, he said.
Land values Nike Air Force Flyknit Blue
In the western part of the state, the close proximity between private and public lands offers a big draw for interested buyers, Magagna said. Parcels are smaller, but the fear of a subdivision plunking down next to a private property owner is minimal, he said.
worked on the deal.
Magagna, executive vice president of the Wyoming Stock Growers Association.
In the past few years there's been a rebound in the market, said Eric Loloff, owner of Running Horse Realty in Powell. People are coming with pockets full of cash because Wyoming has a friendly tax environment and billions in state coffers and the citizens love their freedom, he said.
The northwest and northeast corners aren't the only desirable spots in the state.
"They're coming here because they feel like Wyoming will stand up to the rest of the country," he said.
Department of Agriculture. The average price was $450 per acre up from $428.85 in 2011.
The closing of the deal suggests a renewed faith in using land to balance financial portfolios, Elfand said.
skyrocket in parts of Wyoming
Land is selling for $7,000 to $9,000 per acre in the northeast part of the state, he said.
The ranch has been idle for the past few years and the family wants to operate it in an environmentally stable way, Elfand said.
"Then there's the higher amenity value," he said. "It's not just sagebrush covered hillside. The closer you are to a mountain range, you'll see an increase in price," Magagna said.
"If the land were being graded on its agricultural value the prices wouldn't be rising," said Jim Nike Air Force 1 Mid Wheat
Five miles from the former boom town of Medicine Bow, a ranch just sold for $21.9 million.
Land with the potential to develop energy drives up prices in the state, he said, but scenic views and proximity to the wilderness are what bring people into Wyoming.
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