Custom Post Type Meta Data Not Saving

Hello!

I’m working with custom post types for the first time. Love it! I’ve figured out how to add a post type along with a custom meta field. But I can’t get the meta data to save when updating the page. I’m overlooking something in the code but can’t quite see what the deal is. Here is the code I’m using…

/*Custom META Boxes for Ranch Custom Post Types*/
/*Ranch Location META Box*/
add_action( 'add_meta_boxes', 'ranch_location_meta' );
function ranch_location_meta() {
    add_meta_box(
        'ranch_location_meta',
        __( 'Ranch Location', 'myplugin_textdomain' ),
        'ranch_location_meta_content',
        'ranch',
        'side',
        'high'
    );
}

function ranch_location_meta_content( $post ) {
    wp_nonce_field( plugin_basename( __FILE__ ), 'ranch_location_meta_content_nonce' );
    echo '<label for="ranch_location"></label>';
    echo '<input type="text" id="ranch_location" name="ranch_location" placeholder="Enter Ranch Location Here" />';
}

    add_action( 'save_post', 'ranch_location_save' );

    function ranch_location_save( $post_id ) {

        if ( defined( 'DOING_AUTOSAVE' ) && DOING_AUTOSAVE )
            return;

        if ( !wp_verify_nonce( $_POST['ranch_location_meta_content_nonce'], plugin_basename( __FILE__ ) ) )
            return;

        if ( 'page' == $_POST['post_type'] ) {
            if ( !current_user_can( 'edit_page', $post_id ) )
                return;
        } else {
            if ( !current_user_can( 'edit_post', $post_id ) )
                return;
        }
        $ranch_location = $_POST['ranch_location'];
        update_post_meta( $post_id, 'ranch_location', $ranch_location );

}

Any and all guidance would be so appreciated.

Thanks!