Homestead Acts
Powell was originally established as a cattle ranching community. Oil reserves were found in the late-19th century, prompting the CB&amp;Q Railroad (later BNSF), to extend a line into Powell. In the early 20th century, the Homestead Acts and the Shoshone Project contributed greatly to agricultural development in the Bighorn Basin. Mineral extraction and agriculture are still the key industries of Powell, with sugar beets, barley, and pinto beans being the most commonly grown cash crops. Beef production remains an important facet of the Powell economy, as well.