Ranching Realities in the 21st Century highlights land ownership structures in the province of Alberta where over nine million acres of land is owned by the government and leased to farmers and ranchers. Through a collection of essays, the book looks to other jurisdictions to identify alternative structures that could facilitate higher earnings per acre of land, more livestock, or better protection of ecologically sensitive lands. It finds that land policies in Alberta, and elsewhere, can be enhanced if policies ensure that property rights are well-defined and transferable.