Taylor Grazing Act 1934

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The impact of the Taylor Grazing Act of 1934 is most visible today in the exorbident real estate valus being placed on western ranches.  If a ranch in Montana (for example) has 2,000 acres owned by the family corporation and has an additional 20,000 acres of grazing rights - the value of the sale price includes the value of the grazing rights.  Thus the seller is making a profit on the public lands - not the soil but the paper ticket that permits his utilization.

These are often called Welfare Ranchers.