Montana buys farm northwest of Miles City for $11.3M its most expensive land buy to date
The State Land Board approved the most expensive land purchase in the state’s history on Feb. 20, the $11.3 million acquisition of almost 17,000 dryland acres 25 miles northwest of Miles City in Rosebud County.
The vote approving the purchase was 4-1 with Secretary of State Corey Stapleton the lone dissenter. The deal is set to close March 9.
The Angela Farm property was originally planned to be an even larger purchase. Another 6,900 acres that was supposed to be phase two — an additional $4.1 million acquisition — was dropped for not meeting the state’s rate of return criteria and due to a lack of funding.
“The second phase was contingent on funding falling into place,” said Chris Pileski, Miles City area manager for the Department of Natural Resources and Conservation. “We even appraised it in two phases for that reason.”
Read more: http://billingsgazette.com/lifestyles/recreation/montana-buys-farm-northwest-of-miles-city-for-m-its/article_41591472-0cbe-56ca-88db-1b4ca4fce1ce.html
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