Word: ranchland
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Dates: during 1990-1999
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...peoples' companies but is invested directly in church-owned, for-profit concerns, the largest of which are in agribusiness, media, insurance, travel and real estate. Deseret Management Corp., the company through which the church holds almost all its commercial assets, is one of the largest owners of farm- and ranchland in the country, including 49 for-profit parcels in addition to the Deseret Ranch. Besides the Bonneville International chain and Beneficial Life, the church owns a 52% holding in ZCMI, Utah's largest department-store chain. (For a more complete list, see chart.) All told, TIME estimates that the Latter...
...trying to hang on, but many of the 75 other families still ranching in the county are just waiting for the right deal. In the lush valley bottomland along the Gunnison, Slate and East rivers, FOR SALE signs are almost as common as cottonwoods. Countywide, 13,000 acres of ranchland have been sold for development in the past two years; of the 75,000 prime acres that remain, 17,500 are for sale. Development's pace is fastest at the northern head of the valley, where the funky ski town of Crested Butte is a money magnet. Opulent homes necklace...
...brainchild of Susan Lohr, a soft-spoken ornithologist from California, and Bill Trampe, a lean, crusty rancher whose family has been in the valley for three generations. The bird watcher and the cowboy, as Lohr and Trampe are sometimes called, hope to save 3,000 acres of ranchland in the next year--including half of Duane and Donna Phelps' place--and as many as 20,000 more acres by the year...
...Ranching is worth preserving not because it's a quaint 19th century agricultural practice," says Lohr, "but because cows are better than condos. Ranchland is crucial wildlife habitat, and tourism depends on pristine views. Bill and I agreed that ranchers deserve to be compensated for the open space they provide...
Last week Ted Turner and Jane Fonda bought 25,000 acres of ranchland in western Montana (adding to the 100,000-plus acres they already own). Meanwhile the Tom Berenger character in Sliver says he owns a ranch in Montana too. He, Ted and Jane aren't alone...