There is a 1400 acre farm for sale in very rural remote La. They want just over $14,000,000 for it . I guarantee it sells within a year or two.
It has about 300 acres [ best I remember ] fields of which a couple hundred of that can be commercial crops. The rest food plots. The timber is primarily hardwood with some planted pine. The entirety of the property is game fenced and infused with enhanced genetics. The bucks are not attractive in my opinion though big. There is a beautiful lodge on the property guessing the value around $1,000,000. IMO zero chance this property could ever pay for itself. BUT, someone will buy it for its recreational value.
I suspect if we went back 50 or 100 years ago everyone would be complaining and stunned over the price of land. 50 or 100 years from now the conversation will be the same. To me the key to real estate is to be in a position to hold it until you want to sell, not because you have yo sell.