$435/Acre seems high. Maybe not for your area though. I am definitely not experienced with right-of-way bidding and really had no reference point to base my bids in the past other than my experience with lawncare in general. I have put in a bid with one of the major Natural Gas companies in my area for bare ground at their compressor sites. The bid is for 300+ acres spread out over 6 counties. I have bid around $330/acre the last 2 yrs and have not gotten the bid. My thought is that I am high. I have met with the Maintenance supervisor and he liked the fact that I was centrally located and local. I am a small company though and that may have played a part in the decision. Just some personal experience I thought I would share.
"The Poor Fish" circa 1930's: The Poor Fish wouldn't have been caught if he'd known enough to keep his fool mouth shut.