Perpetual hunting rights how much value?

[Bill]

My last purchase came with hunting rights for me on the owners retained land in exchange for farming rights on the land I purchased. Not in writing but we would both be nuts to let that deal go. And if it did go south I would only be hurt by gaining a new hunting neighbor. But left with on heck of big food plot.

 

[Bszweda]

If I were to lease the field the going rate would probably be around 1500 to 2000 dollars, and I would pay that every year. I wouldn't buy the property if someone else could hunt the ag field. The problem is buying the ag land is too much in today's interest rates, and I don't like financing something I can't pay off in a year or two. I had originally thought about buying it and putting it into crep, but they are no longer doing crep this year in Illinois. I think alot will come down to how the easement would be written.

 

[Mortenson]

Lease it on a 20 or 30 year contract? Leases drawn up right are legit.

 

[Howboutthemdawgs]

Just curious, if this is something you really want, and that 50 is strategically located, wouldn’t seeing past 1-2 years of financing possibly be worth for the rest of your useful life on the property? Trust me I hate financing, had to do it on my most recent purchase but i rationalize it by saying, it’s better for me to make the payments now than deal with the lifetime of regret by not getting it

 

[Mortenson]

He seems like a good shrewd man, but I had the same thought. How about 3 or 4 years. Lol

 

[bwoods11]

Interesting situation… I’ve seen it before . It caused a major problem in my area. The guy with the hunting rights didn’t specify that he could invite others to hunt .

The property sold & the new owner only let him hunt, no one else . They also said hunting only, no vehicles, ATV, etc..

So if you get the rights, make sure you add all the features.

 

[buckdeer1]

I agree perpetual means something different than sole hunting rights.It might be easier to lease field for hunting with a 5 year lease and option to lease for another 5 years. KY I have bought land where they kept mineral rights for 10 years and now all but 1 oil well is off,thank goodness.I don't understand when you say that no one owns the mineral rights,somebody does.If they quit pumping then the landowner usually reverts back and the leases are all discontinued.

 

[BenA]

Would you be able to buy it at a lower cost and offer him perpetual farming rights?

 

[goatman]

Instead of CREP you might look into CRP hardwoods.

 

[Bszweda]

I walked the property yesterday, and the previous owner piled way too much junk onto it. It sucks because it was a good property. I would've spent a lot cleaning it up.

 

[KY wild]

I agree perpetual means something different than sole hunting rights.It might be easier to lease field for hunting with a 5 year lease and option to lease for another 5 years. KY I have bought land where they kept mineral rights for 10 years and now all but 1 oil well is off,thank goodness.I don't understand when you say that no one owns the mineral rights,somebody does.If they quit pumping then the landowner usually reverts back and the leases are all discontinued.

This is not true in Kentucky, people would keep mineral rights or usually half mineral rights in deed. Then several generations later hundreds of people owns different percentages of original 50% because people die and leave everything to next generation. Another thing that is going on with old deeds is the deed says they keep the mineral rights to the hill country of the farm or from across the creek to the woods they keep the mineral rights. Then when oil company wants to lease to drill they put the money in an account that nobody will ever be able to get out the money, because no-one can prove where the hill country is at on the farm. So lost forever. KY had many rich coal companies lobby to set up laws in the state to benefit them a hundred years ago and manipulate the land owners and laws are still in place.