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Range land, once free, now had to be leased or bought from the homesteaders. The Nebraska Land and Feeding Company borrowed $200,000 ($3,893,991.77 current) from the New York Trust Company through a first mortgage on the Spade Land. The ranch survived until the depression of 1922-1923, during which time the mortgages on the land were foreclosed.
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The ranch makes the somewhat debatable claim of having the oldest cattle operation in what today is the United States, though cattle had been run in the area since European settlers purchased land from the Indian people of the area in 1643. [103]
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In the spring and fall, ranchers held roundups where their cowboys branded new calves, treated animals and sorted the cattle for sale. Such ranching began in Texas and gradually moved northward. Cowboys drove Texas cattle north to railroad lines in the cities of Dodge City, Kansas and Ogallala, Nebraska; from there, cattle were shipped eastward ...
Most western states, even those that are nominally open at the state level, now limit open range to certain areas. [11] [10] Under open range law today, if livestock break through a "legal fence" (defined by law in terms of height, materials, post spacing, etc.), then the livestock owner is liable for damages of the fenced property. Conversely ...
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