huntermq32 Posted January 30, 2008 Report Share Posted January 30, 2008 I am have been watching a piece of property for some time and want to try and lease it but don't have a clue as to what people are paying for a lease. Its 150 ac of timber and swamp. Does any one know how much land is leasing for. I am in north cental Ill. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted January 31, 2008 Report Share Posted January 31, 2008 Would think it would vary some depending on the area. The 150 acre lease is not much really, and it may cost you more to tie up a small property. Probably best off to check around that area and see. There was an ad in the paper here for a lease for $1200 per member last fall, that if I remember right was taking on 10 members total and that lease bordered state ground. Cannot remember exactly how much land it was off hand, but thinking I figured it out to be under $2 an acre or so when I worked it out. Quote Link to comment Share on other sites More sharing options...
Rhino Posted January 31, 2008 Report Share Posted January 31, 2008 It's a supply and demand sort of thing. I've looked at some pieces in the midwest last year. Prices ranged from ~$10/ac. up to $30/acre. If it's an area where outfitters compete for leases, they tend to drive the prices up competing against one another. Your best bet is to check around and see if you can find out what people are paying in that general area and go from there. These days the area where I hunt down here in MS ranges from $12 to $14 per acre. Quote Link to comment Share on other sites More sharing options...
Tominator Posted January 31, 2008 Report Share Posted January 31, 2008 We paid $10 an acre in Morgan county Ohio. Quote Link to comment Share on other sites More sharing options...
brownie65 Posted January 31, 2008 Report Share Posted January 31, 2008 I don't know where you are located at in Illinois but I can tell you what it is going for here in Pike County. Most of the ground is between $25 -$100 a acre. I would say the average is $40 a acre. Leasing prices have gotten way out of hand, I have a couple leases, but they are buddies of mine, & I get them at a pretty good price. Still pay quite a bit for them but they could get much more with a outfitter. I leased my first ground back in approx. 1991, gave $6 a acre for it. That was when the outfitting was just starting here, wish I could still lease it for that. Quote Link to comment Share on other sites More sharing options...
huntermq32 Posted February 1, 2008 Author Report Share Posted February 1, 2008 There is no oufitters in this area but this land is loaded with deer. On a cold winter afternoon you could see 80 to 100 deer in the 150acer farm fields across the street not all from these woods but most are. This land has never been hunted at least not legaly. The owner passed away 2 months ago and the olny airs are to old ladies and they want to sell the farm ground right away and keep the timber. I had asked a numder of times to hunt this but the owner was afriad of being sued if some one got hurt on his property. I got nothing to loose and If I don't act on it now some other lucky hunter will get it. Quote Link to comment Share on other sites More sharing options...
brownie65 Posted February 1, 2008 Report Share Posted February 1, 2008 My first question was why would they keep the timber & sell the tillable ? Do they have plans for the timber or something. Anyway,it can't hurt anything & if you really want it, I would be talking to them. See if they will lease it to you & go from there. I don't know prices in your area but wouldn't hurt to start at $10 a acre. Go from there & see what they want. Quote Link to comment Share on other sites More sharing options...
sskybnd Posted February 1, 2008 Report Share Posted February 1, 2008 we pay about $4.50 an acre for ours which isnt bad, maybe you might have paper company land around you that is leaseable, ours is leased from int paper, Quote Link to comment Share on other sites More sharing options...
huntermq32 Posted February 1, 2008 Author Report Share Posted February 1, 2008 There is alot of industry in this area and they have been making offers to this guy for years. This land is high dollar high demand property and developers have been throwing offers to this guy for years. This guy loved his farm and vowed never to sell out. I would't have either but he lived like a hermit when he could have had millions.I do know the property was owned outright because he inherited it from his mother so he wasn't all that poor. I heard his last offer was 6,500 an ac for the farm ground.Maybe they feel they would be doing right by him if they kept the woods at least, not to sure though. These old ladies know that they will never have to worry about money ever again if they sell. So I better offer to lease before they sell some and my money becomes chump change. Quote Link to comment Share on other sites More sharing options...
Ethan Givan Posted February 1, 2008 Report Share Posted February 1, 2008 Land around here is pretty cheap, around $4 or $5 an acre. Just go talk to them and they might lease it for a lot less than other people becuase they dont know that they can get so much for it. I would let them mention a price first, then if its too high, try to negotiate something. Quote Link to comment Share on other sites More sharing options...
billygoat Posted February 1, 2008 Report Share Posted February 1, 2008 Offer to pay the individual's "annual" property taxes. I am not sure what taxes run in IL but here in WI they are comprable to around 15-20/acre... Tends to be a "teaser" for land owners, when they know their year end taxes for a property are paid. Quote Link to comment Share on other sites More sharing options...
huntermq32 Posted February 3, 2008 Author Report Share Posted February 3, 2008 Thanks for the advice guys. I talked to them and they said not at this time. So I asked if I could contact them at a later date and they said yes. I am thinking of waiting untill spring and sending them a letter. Quote Link to comment Share on other sites More sharing options...
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