Douglas Lake Cattle Company Expands
By Terri Masonand posted on May 18, 2016
Photo by Pisca.
Douglas Lake Cattle Company has expanded its holdings in the Cariboo Chilcotin with its recent purchase of the Riske Creek Cattle Company's Cotton and Deer Park Ranches.
Douglas Lake also owns the Alkali Lake Ranch and the James Cattle Company at Dog Creek.
Riske Creek Cattle Company partial owner Grant Huffman is retiring and Steve Brewer, who has worked for Douglas Lake for 18 years, is the new manager.
"Cotton and Deer Park are absolutely beautiful ranches that have been there forever," says Joe Gardner, general manager of Douglas Lake Cattle Company. "Cotton Ranch is one of the oldest in the province. They've both been well cared for."
Douglas Lake Cattle Company is owned by sports mogul Stan Kroenke, owner of the NFL's Los Angeles Rams, the NBA's Denver Nuggets and NHL's Colorado Avalanche. His estimated worth is around $7.7 billion. Kroenke is married to Anne Walton, a Walmart heiress.
Kroenke has also expanded his land holdings in the U.S., with his recent purchase of the 510,000-acre historic Waggoner Ranch in Texas. Bloomberg News has reported the land includes "1,000 oil wells, 6,800 head of cattle, 500 quarter horses and 30,000 acres of crop land." The asking price was $725 million. It's the largest ranch in Texas under one fence.
According to a November 2012 article by Forbes, Kroenke owned 740,000 acres in the United States when he bought the Broken O Ranch in Montana, bringing his total ownership to 864,000 acres. That number will rise to about 1.374 million acres with the purchase of the Waggoner Ranch.
"This is an incredible opportunity and an even greater responsibility," Kroenke said in a statement. "We will continue to preserve and protect this uniquely American treasure."