To keep things in perspective you could purchase a few cows for less. As a matter of fact the farmer would probably let you shoot them in his field for that kind of money. All this lease crap has gotten out of control and
is going to be the ruination of hunting for the average hunter.
Leasing has become for myself and many others the only way to definitely provide a future of hunting for years to come and keep it affordable for the average man. Being able to control the harvest along with maintaining a health deer herd creating habitat to hold deer and give my members and their families the opportunity to harvest quality animals. We feed a minimum of 2500# of record rack elk and deer feed a year along with food plots. The land owners are the ones taking advantage of the leasing program by charging exorbitant prices for marginal properties. Its just like anything else out there where there's a demand someone will try to get more than the product is worth. JMO
I am very familiar with the property you are looking at. If I'm correct it is all mountain ground. To give you perspective, my 200 acres in that same area is 3K per year. You are also going to be dealing with trespassers as we have because it is surrounded by public ground. Manage it right and you can produce nice bucks as we have, but that price does seem high.