OPINION NEEDED ON LEASE OPPORTUNITY - The HuntingPA.com Outdoor Community
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post #1 of 20 (permalink) Old 08-31-2011, 07:52 PM Thread Starter
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OPINION NEEDED ON LEASE OPPORTUNITY

My friend and I recently came upon an available lease in Elk County. We have never leased before, so we are looking to get some opinions to make sure the pricing is reasonable. If anyone can provide any input, we would greatly appreciate it. Here are some of the key details:

- Property is mostly wooded and located in Elk County
- Total lease acreage is 712 acreas
- The lease would be for 2 or 3 years at a cost of $7,600 per year. This covers the lease fees, insurance, $300 clerical fee due upon signing (for 1st year only)...
- The lease can be divided between as many people as we would like (there is no maximum)

Does this sound like a reasonable rate? Thank you in advance for any help.
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post #2 of 20 (permalink) Old 08-31-2011, 08:26 PM
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Re: OPINION NEEDED ON LEASE OPPORTUNITY

We have one in Forest County that is 760 acres for around $4800 a year.

And another in Venango and Forest that is 690 acres for $3500 a year.

They are both wooded.

2F for a while...
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post #3 of 20 (permalink) Old 08-31-2011, 08:59 PM
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Re: OPINION NEEDED ON LEASE OPPORTUNITY

Never leased in PA, but we have a lease of ~3100 acres in adirondacks for $3800 a year, and a second one of 3900 acres for $3200/ year
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post #4 of 20 (permalink) Old 08-31-2011, 09:08 PM
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Re: OPINION NEEDED ON LEASE OPPORTUNITY

I dont know the going rate but I wouldnt pay that. To spend 15 grand in two years is nuts. Its not really alot of land if you get to many people involved. Just my thoughts, but I am satisfeid with hunting public land up state. Maybe if my bank account was larger Id think differently.

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post #5 of 20 (permalink) Old 08-31-2011, 10:51 PM
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Re: OPINION NEEDED ON LEASE OPPORTUNITY

There's like tens of thousands of acres in Forest county where you can hunt for free. Are the deer plentiful and phenominal on this property?

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post #6 of 20 (permalink) Old 08-31-2011, 10:56 PM
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Re: OPINION NEEDED ON LEASE OPPORTUNITY

Thats over $10 per acre which is very high for a PA lease. You should expect to pay $4 to $7 dollars an acre depending on access, game available and outside intrusions(gas wells, logging, etc.) I wouldn't pay that much unless it is prime, and I mean prime, hunting property with abundant game and low tresspassing. These numbers are average for wooded leases. A prime pond in Lancaster county can go for $3,000 a year for duck and goose hunting.

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post #7 of 20 (permalink) Old 09-01-2011, 12:50 AM
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Re: OPINION NEEDED ON LEASE OPPORTUNITY

I think thats pretty high for PA compared to what I've seen in the past. Myself, I refuse to ever pay a dime to hunt whitetails. No matter what state. Way too much good public land, it just takes some research and time to scout.
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post #8 of 20 (permalink) Old 09-01-2011, 02:40 AM
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Re: OPINION NEEDED ON LEASE OPPORTUNITY

That is very high for a PA lease. You can get a lease in Iowa, Kansas or Illinois for that price or cheaper and the potential for a Jumbo there is well documented. Standard lease rates for PA are around $3 to $7 dollars an acre.
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post #9 of 20 (permalink) Old 09-01-2011, 10:37 AM
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Re: OPINION NEEDED ON LEASE OPPORTUNITY

That's pretty high for Elk County unless it's really an exceptional piece of Ground.

As for that kind of price out in the midwest, I'd like to know where. The going rate in my part of Illinois is $25-$50/acre and I've seen it as high as $75/acre for archery only in Pike County. (and that's for the whole property, not just the "huntable" land)

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post #10 of 20 (permalink) Old 09-01-2011, 12:01 PM
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Re: OPINION NEEDED ON LEASE OPPORTUNITY

I have been on phenominal leases in Oklahoma and never paid that price. You are looking at over $10.00 per acre which in my opinion is to steep for that area unless there are some slammer bucks running around. I would think that a lease that is mostly woods/timber would go for 5-7 dollers per acre. There is to much good public/national forest land that holds good deer to hunt for free. JMO

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