Here in South Arkansas it depends on the quality of the land, the size of the parcel of land, and the availability of lease land. But a small parcel I am on, 162 acres is going of about 4.00 / acre with Insurance. There are many leases that run 5 to 6 dollars per, but only a few that get as low as 3.50 / acre. Plus some land managers do not include insurance with the lease, and that is where it gets expensive. I found another 40 acre site, that adjoins my lease, and the Insurance for that 40 acres alone is about 350.00 while the lease was only about 160.00. I chose not to lease that parcel right now.