Is Ranching Sustainable? I hear often from livestock proponents that ranching is an economically sustainable use of western rangelands. Unfortunately many interested in conservation also believe this myth, and it has unfortunate public policy implications. As University of Montana economist Tom Power has noted, most people have a rear view mirror of their local and regional economies. They almost never know what is happening in the present and their ability to predict the future is even less accurate. Ranching is doomed in the West by rising land values. Ranching, like all agriculture, persists on marginal land—lands that can’t provide a higher monetary return doing something else—usually real estate development. When land prices rise to the point that one cannot reasonably be expected to return sufficient profit to pay a mortgage on such property running cows, growing wheat or whatever, it signals the end of that industry—even though it may take a long time for the industry to completely disappear from the regional landscape. It is this long lingering death that fools people into believing ranching is sustainable. With regards to ranching in the West, land values have already marginalized the industry. Few are buying ranches in the West to raise cows, or at least to make a profit raising cows. Today’s ranch purchaser is usually an amenity buyer....