Rangeland management practitioners typically agree that prescribed grazing practices have a positive impact on rangeland health with positive implications for ranching productivity. The economic impact of implementing these practices, however, is insufficiently explored. This article assesses the impact of two variants of NRCS-promoted prescribed grazing programs on the profitability of four ranch types in Northern Montana. Preliminary results suggest that outcomes are highly dependent on initial ranch conditions and the level and type of financial incentives. Ranches with large tracts of deeded land and insufficient water developments stand to gain the most from adopting prescribed grazing practices.