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price of leases
#7796525
04/05/20 06:22 PM
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Joined: Mar 2020
Posts: 650
booskay
OP
Tracker
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OP
Tracker
Joined: Mar 2020
Posts: 650 |
Due to the financial crisis we are in I am expecting the price of leases to go WWAAAYYYYY DOWN this year. Especially in Tx where the oil fields are hit the hardest. The people that are not effected by the downturn are gong to use their money to help relatives ( and maybe friends) to pay the rent and 'get by'. So far on my quail lease 6 out of 10 have dropped off, and I doubt if the owner can find replacements. At least not anywhere near the 4k per hunter we were paying. .
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Re: price of leases
[Re: booskay]
#7796542
04/05/20 06:32 PM
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Joined: Sep 2012
Posts: 15,973
Jimbo1
THF Celebrity
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THF Celebrity
Joined: Sep 2012
Posts: 15,973 |
My landowner emailed me yesterday about renewal. Same price for the last 6 years. I haven't heard back from the other 2 members on their intentions.
FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!
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Re: price of leases
[Re: booskay]
#7796617
04/05/20 07:35 PM
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Joined: Oct 2009
Posts: 4,459
majekman
Extreme Tracker
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Extreme Tracker
Joined: Oct 2009
Posts: 4,459 |
No way lease prices go down....yes some may drop off or even give up a lease but others will fill the void. The high demand for an increasingly limited product is simply too great.
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Re: price of leases
[Re: booskay]
#7796664
04/05/20 08:39 PM
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Joined: Apr 2011
Posts: 353
TexasLandAgent
Bird Dog
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Bird Dog
Joined: Apr 2011
Posts: 353 |
I agree with majekman. Texas leads the nation in registered hunting licenses and whitetail tags harvested year over. There will always be a higher demand for hunting land than there is a viable supply.
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Re: price of leases
[Re: booskay]
#7796674
04/05/20 08:46 PM
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Joined: Feb 2013
Posts: 4,694
krmitchell
Extreme Tracker
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Extreme Tracker
Joined: Feb 2013
Posts: 4,694 |
I’d see the price of some of the higher end places dropping but not the average or normal lease. Some of the corporate outfits or 100k/year ranches sure.
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Re: price of leases
[Re: booskay]
#7796723
04/05/20 09:34 PM
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Joined: Nov 2016
Posts: 227
wsjaxIV
Woodsman
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Woodsman
Joined: Nov 2016
Posts: 227 |
Oil & gas will go as the price of crude goes. OPEC meets Monday and if the Russians and Saudis play nice by reducing production then you could see oil get back to $35/bbl or better (closed at $28 and some change on Friday). Demand will be down as long as the coronavirus has many people working from home but oil closer to $40 will go a long way to saving O&G jobs. I could really see a scenario where oil and the markets recover a lot of their losses quickly but that hinges on much of the nation getting back to working in offices sooner rather than later. I agree with the comment earlier - there will be some people that have to give up their lease but lease prices are pretty inelastic so I would not expect a lot of discounts.
Last edited by wsjaxIV; 04/05/20 09:36 PM.
"The world is littered with the bodies of people that tried to stick it to ole J.R."
J.R. Ewing, 1981
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Re: price of leases
[Re: booskay]
#7796737
04/05/20 09:55 PM
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Joined: Jul 2006
Posts: 110,795
dogcatcher
THF Celebrity
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THF Celebrity
Joined: Jul 2006
Posts: 110,795 |
Maybe a small percentage drop, but a lot will remain the same. Some good leases will pop up that have not been renewed, but they will snatched up as soon as they hit the market.
Combat Infantryman, the ultimate hunter where the prey shoots back. _____________"Illegitimus non carborundum est"_______________
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Re: price of leases
[Re: booskay]
#7796741
04/05/20 10:02 PM
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Joined: Jul 2013
Posts: 6,034
tlk
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2013
Posts: 6,034 |
I suspect most leases are already committed to for this season and money already paid to LO. Prices may drop next year if this thing strings out
You can't fix stupid
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Re: price of leases
[Re: tlk]
#7796811
04/05/20 10:57 PM
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Joined: Apr 2013
Posts: 8,457
freerange
THF Trophy Hunter
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THF Trophy Hunter
Joined: Apr 2013
Posts: 8,457 |
Somebody said this.... " there will be some people that have to give up their lease but lease prices are pretty inelastic so I would not expect a lot of discounts." Well, I had to look up "inelastic" but after doing so, I would agree.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR Keep your gratitude higher than your expectations. RWH
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Re: price of leases
[Re: booskay]
#7796821
04/05/20 11:05 PM
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Joined: Dec 2008
Posts: 4,506
syncerus
Extreme Tracker
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Extreme Tracker
Joined: Dec 2008
Posts: 4,506 |
I think it's all about how long the current mess extends itself. If we have all of the test kits we need in 30 days, sufficient hospital beds and a vaccine in 150 days, then this will be a painful blip on the economic radar. Otherwise, ... well, we'll see what we see.
NRA Patriot Benefactor & DSC Lifer
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Re: price of leases
[Re: freerange]
#7796833
04/05/20 11:18 PM
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Joined: Aug 2009
Posts: 4,593
decook
Extreme Tracker
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Extreme Tracker
Joined: Aug 2009
Posts: 4,593 |
Somebody said this.... " there will be some people that have to give up their lease but lease prices are pretty inelastic so I would not expect a lot of discounts." Well, I had to look up "inelastic" but after doing so, I would agree.
Dangit! Now I had to go look it up in•e•las•tic ĭn″ĭ-lăs′tĭk
adj. Lacking elasticity; unyielding or unadaptable. synonym: stiff. adj. Of, relating to, or being a good for which changes in price have little effect on the quantity demanded or supplied. Not elastic; not returning after a strain; lacking elasticity.
Press for an AMERICAN.
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Re: price of leases
[Re: decook]
#7796841
04/05/20 11:30 PM
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Joined: Jul 2013
Posts: 6,034
tlk
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2013
Posts: 6,034 |
Never thought of deer leases being "non elastic" - I will need to ponder on that
You can't fix stupid
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Re: price of leases
[Re: booskay]
#7796973
04/06/20 01:10 AM
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Joined: Jul 2007
Posts: 35,124
Brother in-law
THF Celebrity
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THF Celebrity
Joined: Jul 2007
Posts: 35,124 |
I hope to find a good lease this year
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Re: price of leases
[Re: booskay]
#7797034
04/06/20 01:51 AM
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Joined: Nov 2009
Posts: 917
DUKFVR
Tracker
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Tracker
Joined: Nov 2009
Posts: 917 |
Don't hold your breath waiting for them to go WAAAAAY down. If this mess doesn't last for a long time, you will turn blue waiting for that big drop to happen
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Re: price of leases
[Re: booskay]
#7797376
04/06/20 02:13 PM
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Joined: May 2011
Posts: 1,235
Fltmedic
Pro Tracker
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Pro Tracker
Joined: May 2011
Posts: 1,235 |
There might be a few lease prices dropping but most payments are due or coming due. I know we just sent our payments and the price was the same. Still gotta pay to play. Either way be ready to pay if one does come up at a great price because it more than likely won’t last long.
Don't take life so seriously, you'll never make it out alive!
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Re: price of leases
[Re: booskay]
#7797399
04/06/20 02:38 PM
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Joined: Aug 2018
Posts: 193
Stetsonoverton
Woodsman
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Woodsman
Joined: Aug 2018
Posts: 193 |
most leases the first half has already been due. I don't see prices dropping but I do see places coming available though, should be good time to snatch up an extra place if ones is looking
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Re: price of leases
[Re: booskay]
#7797643
04/06/20 05:52 PM
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Joined: Oct 2009
Posts: 10,496
Halfadozen
THF Celebrity
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THF Celebrity
Joined: Oct 2009
Posts: 10,496 |
As I have posted in other threads, lease prices may not go down, but I do believe there will be many more openings due to some folks cannot justify the cost or even have the means to pay during these times.
Freedom is a fragile thing ...Those who have known freedom, and then lost it, have never known it again. -- Ronald Reagan
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Re: price of leases
[Re: Halfadozen]
#7797791
04/06/20 08:15 PM
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Joined: Sep 2012
Posts: 12,865
PMK
THF Celebrity
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THF Celebrity
Joined: Sep 2012
Posts: 12,865 |
As I have posted in other threads, lease prices may not go down, but I do believe there will be many more openings due to some folks cannot justify the cost or even have the means to pay during these times. I would agree with this statement ... some people will be forced to not renew due to financial hardships, thus more openings ... but for most good to better to best leases, there will be a line of people waiting to pay without a price drop.
"everyone that lives dies but not everyone who dies lived..."
~PMK~
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Re: price of leases
[Re: booskay]
#7797891
04/06/20 10:07 PM
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Joined: Jul 2013
Posts: 6,034
tlk
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2013
Posts: 6,034 |
Most leases already have made payments to the LO so they are locked in for this season - next season may see fewer folks with disposable cash available to hunt - IMO when oil tanks it takes out a lot of the Houston area hunters unfortunately
You can't fix stupid
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Re: price of leases
[Re: booskay]
#7798069
04/07/20 12:51 AM
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Joined: Jan 2013
Posts: 2,769
Gringo Bling
Veteran Tracker
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Veteran Tracker
Joined: Jan 2013
Posts: 2,769 |
As others have said, landowners had timing in their favor regarding renewals. Many properties had renewals that were due in March or April 1. I personally had to commit to 2020-21 in February with a check due in early March right before the Rona really started hitting Texas.
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Re: price of leases
[Re: booskay]
#7798285
04/07/20 04:45 AM
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Joined: Aug 2012
Posts: 2,776
nak
Veteran Tracker
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Veteran Tracker
Joined: Aug 2012
Posts: 2,776 |
I don't expect them to go down, but I sure would like to find a couple or three open slots on a full season quail lease in the Plains part of the state.
We all need to practice Whoa more.
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Re: price of leases
[Re: booskay]
#7798354
04/07/20 12:04 PM
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Joined: Aug 2008
Posts: 14,950
don k
THF Celebrity
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THF Celebrity
Joined: Aug 2008
Posts: 14,950 |
I think if you see a lease come on the market that seems reasonable there is probably a reason. Folks are not going to give up a good lease that they have spent a lot of time and money on. On the other hand a lease that maybe has no Deer or has been shot out may be on the market at what seems a lower price. As always "Buyer Be Ware"
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Re: price of leases
[Re: booskay]
#7798982
04/07/20 10:20 PM
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Joined: Jul 2015
Posts: 2,879
sbushee
Veteran Tracker
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Veteran Tracker
Joined: Jul 2015
Posts: 2,879 |
Ours stayed the same. First payment March 1
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Re: price of leases
[Re: nak]
#7799004
04/07/20 10:52 PM
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Joined: Oct 2008
Posts: 16,771
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 16,771 |
I don't expect them to go down, but I sure would like to find a couple or three open slots on a full season quail lease in the Plains part of the state. Good luck on a full season quail lease. They are far and few between. And lacking birds last few years in that area.
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Re: price of leases
[Re: booskay]
#7799093
04/08/20 12:15 AM
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Joined: Apr 2008
Posts: 664
brokenpole
Tracker
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Tracker
Joined: Apr 2008
Posts: 664 |
As a landowner I will say this, I don’t want you on my land but you are willing to pay a ridiculous price so I will take your money, if you don’t like it there is another to take your place at even a higher price, thanks
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