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One thing I know about pasture is that it lasts longer and feeds better if you have sufficient fences to rotate your animals off it at regular, short, intervals. I can carry 25 cow-calf pairs here with six pastures vs 15 with one. The problem of course is fences; the problem is *always* fences. Well, and watering troughs: what really killed our ability to do managed grazing was my cousin's wife insisting that her horses needed a separate acre, which cut us off from *three* watering trough positions.
Remember also that unless you have your own well or some sort of protected water-right with your property you'll be limited on irrigating your pasture, and plan accordingly. I will spare you a handful of anecdotes about showering at my aunt's house on an apple orchard in Teiton.
We have a 6 family shared well. I checked on the water rights thing and I am allowed to use 5000 gal a day per area like 5000 for personal, another for livestock and another for crops. At least thats what I gathered from the info.
Read it carefully. The well agreements I am familar with....do not mean this. But I could be totally wrong - and since I have not read your agreement...I don't want to steer you wrong. Just make sure and read it really good and read it 2 or 3x. Just to verify.