RE: My thoughts on leasing
Is 4K an acre typical for Texas. I dunno what part you are in so don't know if it is considered agriculture land, or piney woods, or just mesquite brush.
And NEW, land prices seem to be tied to location too. Someone on the board here is selling land in Kentucky for about $1100 an acre. If you offered that amount to someone anywhere in Illinois they would laugh at ya. On the other hand, the 3K anacre that is often paid for land in Illinois would be considered dirt cheapelsewhere. Its all relative.