One of the jobs on a ranch is to mend fences. Years ago this meant getting on a horse and riding the fence line and making any needed repairs. You couldn’t carry a lot of tools with you so the fencing tool pictured above was developed. Now I think fence repair is done from something like a ATV of some kind so more tools can be carried. However don’t discount the usefulness of this tool in dealing with anything fence or wire related. I find it is my go-to tool in dealing with my chicken coop. It has a hammer to drive staples, a tooth to pull them out, you can cut wire with it and bend/tighten wire into the shape you want it.
I have always been cautions of “all in one” tools and generally I find they do not do any job well. While I would not want to spend hours pounding in staples with this tool, I feel it works exceptionally for the job it was designed to do, repairing anything with wire.
So while most of us will not be working on a large ranch spending the day working on fencing, I recommend this tool for anyone trying to build a small homestead. A word of caution, I first had a cheap one and the end of the tooth broke off. I have since got a version by Channellock and it has held up well.