Overlooking the Missouri River Valley, the 5,600-acre McMaster Ranch teems with antelope, bighorn sheep and elk. The Fund purchased the ranch on behalf of the Bureau of Land Management to help shield the Missouri River and nearby Elkhorn Mountains from encroaching development. A portion of the ranch will serve as a “grass bank” where other ranchers can graze cattle while their own land is restored. As part of the conservation agreement, third-generation ranchers Jim and Dolly McMaster will retain a life estate on the property.