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Little River, TX | If you can get an extended lease for say 5 years, but a 3 year would do, with the option to renew for another full period every year.
If it is a 3 year lease amortize the establishment cost over the 3 years and, if that will pencil, accept a 3 year lease. Then if you can roll that lease over 2 or 3 times those years will be really profitable.
A 5 year lease is easier to pencil in.
A 1 year lease if it will pencil you are in paradise.
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Long Term Land Lease for Hay Production
