New Listing

Elk Meadows Ranch

3569 Gosman, Lima, MT


6,177 +/- acres

Property Description

Elk Meadows Ranch in Lima, Montana epitomizes the beauty, recreation and production for which Montana is known. Of the 6,177+ total acres,  3,081+ acres are deeded and 3,096+ acres consist of State grazing leases. Of the deeded acreage, 1,612+ acres are irrigated by 8 pivots, wheel-line and flood. This ranch’s acreage and irrigation allow for a year-round cattle operation, addition to hay base, or purebred operation.  In addition, this ranch boasts cutting-edge cattle handling facilities such as a state-of-the-art feedlot and indoor working facilities. The vast acres of rolling hills and lush meadows provide ample space for seasonal elk herds and cattle, making it ideal for both recreational and agricultural pursuits.


Property Facts


Elk Meadows Ranch is located just minutes from Lima, MT, which offers basic services and is easily accessed from Interstate 15 and is about an hour drive south to Idaho Falls, ID or north to Dillon, MT.


Lima, MT is a charming little community located in the beautiful, wild, and scenic southwest Montana. Lima boasts a great K-12 school system with the average student/teacher ratio being 9 students to every 1 teacher. The school also houses one of the only pools in the area. The population of Lima is estimated at about 231 people.

Dillon, MT is just 49+ miles north and offers a considerable array of commercial, institutional, and social enterprises including grocery, banking, auto-dealers, movie theater, churches, restaurants, hotels, and taverns.

To the south of Lima, only 94+ miles, is where the bustling town of Idaho Falls, ID sits. There is an estimated 52,716 people who call the city home. It is situated along the Snake River and has all the features of big city living while still embracing a small-town charm. Offering its own symphony, opera, chamber orchestra, community drama, performing arts groups, museums, zoos, golf courses, airport, shopping, higher education facilities and of course professional minor league baseball, it’s hard to imagine finding nothing to do in this town.


As mentioned, this ranch allows for a year-round cattle operation or purebred operation as it boasts state-of-the-art cattle handling facilities and a calving barn. The ranch is also equipped with a range of outdoor livestock handling equipment such as loading chute, portable steel corrals, horse corrals, and fully lit working pens and feedlot. Automatic waterers and windbreaks are placed throughout.

Subject to agency approval, this ranch sells with 3,096.05+ acres of State grazing lease, providing an additional 547 AUMs. Annual lease cost for 2023 totaled $5,638.76.  The abundance of stock water located in every pasture and a newer pipeline system exists on native grazing and State lease ground, making this ranch the ideal setup for rotational grazing.


Ample water from shares in the Lima Dam Reservoir, Big Sheep Creek, and other tributaries that bisect the ranch allow the operator to cultivate a significant portion of the land, ideal for ensuring consistent and plentiful supply of water to the ranch’s crops. The presence of 8 pivots collectively cover 852+ acres while 45+ acres are under wheel-line, and approximately 715+ acres are flood irrigated.


Elk Meadows Ranch is complete with an executive owner’s home and 4 other homes for employees and guests, all in decent repair.  Compound perimeters are fenced with a combination of steel pipe and jackleg fencing. A nostalgic barn with new roof and mature cottonwood trees give the ranch a rustic charm and welcoming feel. 

Equipment barns exist for farm equipment storage and metal shop buildings provide versatile and functional space for maintenance and repair work on ranch machinery and equipment.      


Situated in the heart of Southwest Montana, this ranch is bordered by thousands of acres of State and Forest Service land. Outdoor enthusiasts can delight in hiking, horseback riding, fishing, and hunting, all within the privacy of their own property. 

3,200+ feet of frontage along the trout-filled Big Sheep Creek is paradise for nature enthusiasts and anglers alike. Beyond fishing, the ranch is located in the MT General 303 Hunting District. Hundreds of elk seasonally roam throughout the ranch, providing excellent opportunity for those seeking to harvest large bull elk. 


Efficiently managed to set the standard for modern livestock management, this ranch offers a seamless cattle handling experience. Beyond its cattle operation, Elk Meadows offers a wealth of recreational possibilities that cater to outdoor enthusiasts of all kinds. 


Please contact Chance Bernall, Managing Broker, to schedule a showing. This is an exclusive listing with Beaverhead Home & Ranch Real Estate, and an associate must be present at all showings.  All showings must be scheduled with listing broker and require proof of funds or pre-qualification letter.  24-hour notice is required.

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