A shared ranch is a place where some people own a piece of land together and share it. Imagine you and your friends have a toy that you all like to play with, but instead of just passing it around, you all own it together and take turns playing with it whenever you want.
In a shared ranch, people own different parts of the land and they all agree to share it. They can use the land to grow crops, raise animals, go fishing or camping, or just enjoy the beautiful scenery. They also agree to take care of the land, so it stays healthy and nice for everyone to use.
Just like how you and your friends would need to communicate and work together to take turns playing with your toy, people who share a ranch also need to communicate and work together to make sure everyone gets a fair chance to use the land and to keep it healthy.