State Land Board Completes Most Expensive Purchase in History

The state bought a farm 25 miles northwest of Miles City in Rosebud County for $11.3 million

By Associated Press

BILLINGS — 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 (70-square-kilometer) Angela Farm property was originally supposed to be an even larger purchase. Another 11 square miles (28.5 square kilometers) 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.

Stay Connected with the Daily Roundup.

Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox.