RE: which is better
Owning huntable land is always better than leasing it because at the end of the day it's still yours and it will still be there for you the next day too . It's also usually cheaper to buy than to lease in the long run . Living on your hunting land is another bonus , I literally hunt in my back yard . The property is only 10 acres , but it's fairly productive for deer , turkey , and small game . I have an Indianalifetime hunting license and now I'll always have at least one place to hunt for the rest of my life .
When you lease you're at the mercy of the prevailing market, which from my understanding of it isn't getting any cheaper . There's always a chance that you can lose your lease , and there's no guarantee that prices won't rise in the future ,so you may even find yourself outbid .