I just spent an hour writing up a great story and it didn't save. Here is condensed version:
A very peculiar in-law of mine has a fair bit of land in the Cimmaron Basin in Payne County, some of which butts up to the river. A lot of wheat ground and pasture, all with cows on it. Very well kept property, all field edges, fencelines and tree lines are well kept. He is not a hunter, nor any of his family. The land has not been hunted since he has had it, and it is probably some of the best hunting land in the county.
I want to help this man manage this untapped income source. He will not entertain the idea of a year round, all access hunting lease. He does seem to be semi-interested in an archery only, Sept-Jan hunting lease, along with the typical (and some not so typical) lease terms. Specifically he doesn't want anyone driving on the property, so it would be walk in only.
It's hard for me to assess what a great property is worth with all the other restrictions. I've heard $10+/acre depending on location. Without the restrictions, I've positive I could get that today. Does anyone have any experience with this kind of lease and how much it could be worth?
A very peculiar in-law of mine has a fair bit of land in the Cimmaron Basin in Payne County, some of which butts up to the river. A lot of wheat ground and pasture, all with cows on it. Very well kept property, all field edges, fencelines and tree lines are well kept. He is not a hunter, nor any of his family. The land has not been hunted since he has had it, and it is probably some of the best hunting land in the county.
I want to help this man manage this untapped income source. He will not entertain the idea of a year round, all access hunting lease. He does seem to be semi-interested in an archery only, Sept-Jan hunting lease, along with the typical (and some not so typical) lease terms. Specifically he doesn't want anyone driving on the property, so it would be walk in only.
It's hard for me to assess what a great property is worth with all the other restrictions. I've heard $10+/acre depending on location. Without the restrictions, I've positive I could get that today. Does anyone have any experience with this kind of lease and how much it could be worth?