Located in eastern Montana’s short-grass prairie country, Antelope Springs Ranch encompasses approximately 49,398 acres of open grassland.

Priced at $496 (€429)/acre, US-based estate agent Swan Land Company warns that this may be one of the last Montana ranches sold under $500/acre in this lifetime.

A 400-cow herd is currently being managed on the ranch, with an additional 900 head of yearlings.

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Calving season begins with the heifers around the first week of April, while cows begin calving two weeks later.

Management

Calves are weaned in late October or early November, depending on weather and grass conditions, the estate agent website details.

Management believes that the ranch is stocked at about 60% of its carrying capacity.

Average annual precipitation is typically 12 inches. Winter months receive an average of approximately 24 inches of snow. \ Swan Land Company

The ranch has been managed under a regenerative grazing model for the past 13 years, which "has kept this iconic landscape resilient through both high-moisture years and extended drought periods", the estate agent claims.

Rotational grazing, soil-health restoration, wildlife-corridor protection, and water-wise practices, result in healthy grasslands and resilient herd performance, it says.

Suitable candidates

A values-aligned buyer committed to continuing this holistic management approach is being sought after.

The ranch takes its name from Antelope Spring. \ Swan Land Company

Being offered at $21.5m (€18.6m) cash, the ranch brochure states that this large-scale grazing opportunity is best suited to a buyer who "shares the belief that healthy land and a healthy operation go hand in hand, and offers a rare chance to step into a mature regenerative system".