Friday, September 4, 2015

Lex Anteinternet: Lex Anteinternet: UW Foundation intent on cashing-...

We've commented several times on the University of Wyoming's sale of the Y Cross Ranch, as for in instance here:
Lex Anteinternet: Lex Anteinternet: UW Foundation intent on cashing-...: This past week the respective Wyoming and Colorado university benefactors (or actually the Colorado one, in what I read) of this substantial...
The news has now broke that the purchaser of the ranch is a company owned by Pine Bluffs Wyoming businessman Toby Kimzey.

I don't know Kimzey at all, but this appears to be good news.  In spite of the huge purchase price, Kimzey appears to be set to actually ranch the land, as he is doing with several other locations he owns.

So, this story has a sort of accidentally happy ending, sort of. A ranch owned by an out of stater was bought by an in stater who will ranch it. The purchase price is sad evidence that in this day and age it's nearly impossible for anyone of average means to buy a working ranch, and indeed its impossible to make the land pay off for a rancher, which isn't good news for agriculture or our society. But this story could have had a much worse ending.  Kimzey even indicates that if the schools want to take students there, they can.

Still, this entire story makes both CSU and UW look pretty bad.  Indeed, at least from the UW angle, the state's only four year university, which is an arm of the state, the story is really pathetic.  UW ought to be ashamed and frankly donors to the university should consider this story when being asked to give.

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