Overview
The Henry's Fork Caldera Trail in Targhee National Forest circles the rim and interior of one of North America's remarkable geological features: the caldera formed by the Yellowstone hotspot some 1.3 million years ago. Today the caldera floor is a high plateau of grassland, wetland, and lodgepole forest, providing extraordinary habitat diversity that supports an impressive array of wildlife.
The 8.4-mile loop crosses caldera meadows carpeted in July wildflowers and edges adjacent wetlands where trumpeter swans and sandhill cranes are commonly seen. The volcanic origins of the landscape are visible in the basalt outcrops and the subtle bowl of the caldera rim. Views extend west over the Snake River Plain and east toward the distant Teton peaks.
The Route
The trail begins at the Harriman State Park trailhead, which provides access to both state park and Targhee National Forest terrain. The loop heads north along the caldera rim through open meadows before descending into the interior and crossing wetland areas on boardwalk sections. The return leg passes through lodgepole pine forest on the eastern side of the loop. Trail junction signs are clear throughout.
What to Expect
The caldera meadows are exposed to afternoon wind. Bring a windbreaker even in summer. Bear activity is possible throughout this area given its proximity to Yellowstone. Carry bear spray and review proper bear awareness practices before hiking. Mosquitoes are heavy in June and early July near the wetlands.
Nearby
The Harriman Trail provides additional hiking and wildlife viewing in the same area. The town of Island Park offers lodging, restaurants, and fly fishing access on the Henry's Fork River, one of the premier trout streams in the world. Yellowstone National Park's western entrance is approximately 30 miles northeast.
Leave No Trace
This trail receives enough use that following Leave No Trace principles is important for preserving the experience for future visitors. Stay on the marked trail to prevent erosion. Pack out all waste. Avoid camping within 200 feet of water sources or the trail. Use existing fire rings only where campfires are permitted, and check current fire restrictions at checking conditions before you go before any visit. The trail and surrounding terrain remain in good condition because previous visitors have respected these norms.
Safety Considerations
The moderate rating reflects the trail's general character under typical conditions. Weather, seasonal snow, and trail conditions can change the experience significantly. Carry the 10 Essentials on any full-day outing. Inform someone of your plans and expected return time before heading out, particularly on longer or more remote trails. Cell service varies throughout Targhee National Forest and may be unreliable in canyon bottoms or remote terrain.