I recieved my contract this year and was curious to know what TBH thought of the cituation as i am not sure just yet. First year on the lease was last year and we didnt get it until October and thought we had a verbal contract for a long term deal. WELL that didnt happen. They wanted more money so i agreed to leasing the duck hunting seperate. So that happened. This is a large place and it should work out fine. Well then after talking with my guys we wouldnt lease the place without a 3 year deal of somesort. So here is what i was presented with and tell me what you guys think. This is in Red River county on the red river and is a great ranch with a good deer herd and a very large ranch. However it is 60% open farm land and the rest creek bottom and small blocks of timber. 7k acres and house. This year same price as last year however i will be responsible for have the house cleaned up and painted(which i offered to have done assuming a 3 year contract at the same price). Second year a $5k increase and the 3yr another $5k increase. Also i get corn at wholesale price from them so around $5/50lb and food plots supplied. We are enrolling in the MLD program this year to help with the doe numbers as well. Last season we shot 4 nice deer and the place has a great potential, oh and max of 10 hunters as well. Total with the duck and deer hunting this year is 5/acre. What would you do?
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Sounds like a good place but I thought the major reason for a long term lease is so you can keep it for said number of years at a set price. I hate to think what the increase on the 4-5yrs would be. -
So total after three years will be close to 6.50/Ac. if I am reading you right with corn @ wholesale and food plots provided. Not a bad deal but I would want the option to renew and some sort of price lock after that. It can't keep going up 5 k/yr indefinitely. You don't want to get sucked into a deal where you make it a great place then they lease it out from under you or price you out of the market.Comment
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Man thats alot of coin for 2800 acs of wooded area. I think for me it would depend on what you are getting on camera the potential is there to shoot a monster but 4500 a gun in a one buck county is tough. What year will you get additional buck tags for your MLD?Comment
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so the long term lease is today's price, plus $500 a spot per year for the next two years?
Example: $2500 today's price per spot (10 spots), year 2 would be $3000 / spot and year 3 would be $3500 / spot.
The real question is the lease worth the price you will be paying in year 3?
Might counter with Today's price Plus $500 for all 3 years, with corn and food plots provided, or something to that effect.Comment
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I'd take the $3500 + and go on a nice hunt... let someone else develop the place for the landowner.. I already got that t-shirt and coffe mug
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I would let me in on the deal
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10 spots seems kinda crowded with that much open landComment
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From someone who owns property in Red River County, $3,500/gun sounds REAL high. And to harvest only 4 deer last year, that is $8,750/deer harvested ($35K/4).
For $3,500/gun, you can find much better leases with much more deer.Comment
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This is my exact thoughts. Now this is a great place and a real chance at a good deer but like many of you have stated the per gun price is WAY out of line for the county and hopefully they will understand this when i present the what we are looking for and be understanding.Originally posted by KactusKiller View PostComment
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Originally posted by elliscountyhog View Post
I know it is a nice place and you have been happy with it so far, but if you bite on a 5K increase every year, you will never see the end of the increases. Plus, that is not the kind of landowner I would want to deal with.
The point of a long term deal is to lock in the price, not agree to a price increase every year.
I would throw 3 years back at them at the current price, 5K increase at year 4 for years 4 and 5.
Get 5 years out of the deal if you are going to agree to a price increase at all and only take 1 increase.
No way I take the deal they offered!!!!!Comment
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I agree with that.
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