I'm not so sure about the reasons for purchasing NR. Many foreign investors are buying up huge ranches simply because
raising food animals are a good investment. everyone needs to eat.
The land itself is a solid investment, it generally rises in price
at a rate better than most other investments.
Did you notice Gang Ranch is now owned by a Saudi Shiek?
I would like to know the long term strategy on why the Taiwanese
family bought NR. And who was advising them to clean house
and change their operational strategy?
By leasing out the hay operation, the ranch gave away the profits
on hay not needed by NR. I've never seen a large farm w/ animals lease their hay operation. They usually work the hay
fields themselves and sell off excess. Lots of hay gets exported
at great prices. It's why we little horse owners have to pay exorbitant prices for top quality hay- because so much is
sold to foreign countries.
I agree, it's about holding that much land that attracts big investors. The area was isolated by a mountain range until the highway was built in 1986. Now thousands pass by daily to and from Vancouver, though at this point, few stop.