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Grazing Rate
November 21 Land Board Meeting
The adoption notice with amendments that the Land Board voted to approve will be filed with the Secretary of State's Office on November 28. The rule will become effective on December 9, 2011.
- Adoption notice w/incorporated amendments voted on by the Land Board at the November 21 Land Board meeting
- Voting results
Related Land Board Information
- May 16, 2011, Agenda Item – Review of Grazing Rates on Trust Land
- May 16, 2011, Minutes
- July 18, 2011, Agenda Item – Administrative Rules Proposal: Grazing Rate
- July 18, 2011, Minutes
- November 21, 2011, Agenda Item
Grazing Rate Study
At the May 16, 2011, Land Board meeting, Dr. John Duffield of Bioeconomics Inc., presented information to the Land Board from his recently completed report "Montana Trust Land Grazing Lease Rate Valuation Analysis". This work updates the 1993 report titled "Economic Analysis of the Values of Surface Uses of State Lands – Task 3 Fair Market Value for Grazing Leases". The Land Board considered the information to determine if the multiplier used to set the annual grazing rate on state trust lands should be updated. The multiplier was last adjusted in 2001. The comment period on the study closed on June 17.
