RE: How much to pay for a small lease
For what its worth. I have shopped around for a hunting lease in Oklahoma and it has been a real eye opener. The average going rate here is $4 to $5 per acre. Depending on the land and the deer population, you can spend upwards to $10 or more per acre. The last two leases I looked at were 600 acres for $2,500 and 640 acres for $3,000, both in the $4 range per acre. They were annual leases. The leases had different topography. The 600 acres was a working cattle ranch that had a lot of ranching activity and not too much cover. The other lease was overgrown, wild, but yet had some meadows, creeks, and ponds. I elected to go with the second lease and I was allowed to only lease 160 acres for $1,000 because that parcel had heavy deer traffic and was secluded from outside activity. That was $6.25 per acre.
It all depends on the land and the location. Location, location, location.