I figure here in Texas high fences help ranches remain in place as ranches and not turn into high dollar acreage home sites. Much of the prettiest parts of the Texas Hill Country have already gone under. A real tragedy.
I've seen a little of West TX and I'm pretty sure busting up the ranch to sell lots for "high dollar acreage home sites" would go over about as good as the cheaper sites near Dolan Springs, Concho, Vernon AZ and even nearby at California Pines (famously advertised by Erik Estrada of CHiPs).
Even those reasonably priced lots/ranchitos haven't sold out yet.
Now, having seen some of the Hill Country, there's a good reason those areas are hot real estate.