
Originally Posted by
monty
BY 1916 THE WORST FEARS OF THE RANCHERS started to materialize. Their stockmen’s associations began to be weakened by “eastern” professionals, usually foresters,which returned to the original objectives of the northern core interests. The Forest Service became uneasy because the banks were beginning to recognize the rancher’s grazing rights as real property. Says Hage, “Bankers loaned money on the collateral value of the entire ranch including range and water rights on the forest. When ranches were sold the range and water rights were a part of the ranch sale.” 1
http://www.americaplundered.com/opeds/Bundy_Standoff--Part_5.pdf
They were still considered rights, which could be mortgaged even after the passage of the Taylor Grazing Act in 1934 up into the 1970's when the BLM and Forest Service began aggressivly forcing ranchers off the range and outof business.