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Message: <blockquote data-quote="Retired Educator" data-source="post: 271564" data-attributes="member: 3373"><p>Once you own the land, you set the cash rent price. $35/acre seems pretty low for a cash value of $1500. For me, if you own the hunting rights, who decides how the land is used? Do you have any control over cover, or food plots. What if everything acre is broken up and planted to wheat, canola, or any of a number of crops leaving no cover for game? Walking a field in the fall that has been worked up doesn't provide many opportunities to shoot a pheasant or deer. Way too many advantages to owning the land. I can honestly say that if there is any way possible to own it yourself you are so much further ahead.  Owning land isn't a get rich overnight scheme but does pay off in the future. I paid $500/acre about 40 years ago and today it's worth at least $2000/acre and the cash rent is about $60/acre.If I wanted to put it out on bids it would probably be worth more but I rent it to a nephew who I trust and that prices about average for the area and he makes his payments on time. And most importantly, I control everything that goes on on the farm. Will not tell you that it was easy but it has worked out in the long run. In the beginning there were years I had to take income from my wife and I's regular job to make the payment. As I built up equity I had a banker that saw my efforts and every time I added to my equity he would lower my interest rate. 12% down to 5% over the course the loan helped a lot but that's what equity does for a person.</p></blockquote><p></p>

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