Chancellor Ranch grazing lease extended for carbon project

The Board approved a Payment for Ecosystem Services Rider and extension of grazing lease AG 117597 with Chaquaco Cattle Company, LLC for the 51,548‑acre Chancellor Ranch. The action enables Chaquaco Cattle to participate in a large-scale grassland carbon project and share in projected multi-million-dollar carbon credit revenues.

Scope & details

The full contract record, as filed.

Contract amount

$411,577 per year estimated project gross revenue; $4,115,770 total over 10 years (with 33.5% share to Chaquaco Cattle Company, LLC)

Contract type

OTHER

Contract term

Grazing lease AG 117597 extended to coincide with completion of first 10 years of grassland carbon lease; original expiration 4/2036, adjusted to 10 years from PES Rider effective date

Renewal

Grazing lease AG 117597, which began April 2026 and originally expired April 2036, will be extended so its termination coincides with the end of the first 10 years of the grassland carbon project under PES Rider 117597.

Document type

AgendaPacket

Source document

Colorado State Board of Land Commissioners AgendaPacket 2026-08-12

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by State Board of Land Commissioners (State Land Board)?

Chaquaco Cattle Co Llc was awarded this government contract by State Board of Land Commissioners (State Land Board), as recorded on August 6, 2026. The contract value is $411,577 per year estimated project gross revenue; $4,115,770 total over 10 years (with 33.5% share to Chaquaco Cattle Company, LLC).

How much is the Chaquaco Cattle Co Llc contract with State Board of Land Commissioners (State Land Board) worth?

The Chaquaco Cattle Co Llc contract with State Board of Land Commissioners (State Land Board) is valued at $411,577 per year estimated project gross revenue; $4,115,770 total over 10 years (with 33.5% share to Chaquaco Cattle Company, LLC).

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Colorado State Board of Land Commissioners AgendaPacket 2026-08-12 (AgendaPacket), dated August 6, 2026 from State Board of Land Commissioners (State Land Board). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Chaquaco Cattle Co Llc hold?

Chaquaco Cattle Co Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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