Leasing or Participate part. 2
THANK YOU! For all the great replies regarding my question, the 500+ acres is spread out in three different sections Actually the andowner has 30% of one section, 45% of another and 60% of one more, Actually the total acreage is near 1000. That may make the question easier to answerr So it still stands Sell reserves or lease???
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Replies to This Discussion
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Permalink Reply by Checkmateking on
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Lease, now would be about the dumbest time you could ever sell reserves.
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Permalink Reply by Grillin' - MmmMmm on -
Sell or Lease?? LEASE unless you really really really need the cash and can't afford to get a loan!!!
How about a third option: sit and wait! Let things come to you! prices are low and not going anywhere quick. Just give it some time and the offers will come to you. Ignore a few and let the market improve!
Note to self: SELL when market is high! Do Not Sell when markets are in toilet.
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