Not exactly a cash cow.

• Author: Peters, Charles
• Position: Tilting at Windmills - Bureau of Land Management's program for ranchers - Brief Article

The Bureau of Land Management has a program under which ranchers can graze their cattle on public land for a fee. The problem is that the fee is a bit low. Where ranchers have to pay an average of $13.30 to graze a cow and calf on private land, they pay the government just $1.79. Unsurprisingly, this means the government loses money on the program.

Obviously, the private landowners would charge less, if they could afford to do so, in order to compete with the...