State buys farm for $11.3M, most expensive land buy to date

Money for the property comes from the state’s Land Banking fund, cash acquired from the sale of other state parcels.

Published on March 5, 2018 4:59PM


BILLINGS, Mont. (AP) — The Montana State Land Board approved the most expensive land purchase in the history of the state.

The Billings Gazette reports Montana bought a farm 25 miles northwest of Miles City in Rosebud County for $11.3 million.

The deal is set to close Friday.

The 27-square-mile Angela Farm property was originally supposed to be an even larger purchase. Another 11 square miles 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.

Money for the property comes from the state’s Land Banking fund, cash acquired from the sale of other state parcels.



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