Ranches For Sale - The Next Generation Ranch Owner
Posted on February 17, 2008 - Filed Under Business | Leave a Comment
Ranching in the American West has a long and storied history. Most of today’s ranches can be traced back to the days of homesteading. Signed into law by President Abraham Lincoln in 1862, the Homestead Act encouraged Western migration by providing settlers 160 acres of public land. In exchange, homesteaders were required to complete five years of continuous residence, or pay $1.25 per acre after 6 months, in order to receive deeded ownership of the land. The Homestead Act led to the distribution of 270 million acres of public land before being abolished in 1986.
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