Two weeks ago I was offered a great opportunity to have use to someones farmland that is 15 minutes from where I live. I met with him today and did a landscape job for him and know quite a bit about the guy since he lives across the street from me. I feel quite confident in this deal since his family has owned the land for 170 years and he has lived here his entrire life. Anyways, he wants me to make up a proposal to begin growing trees on 3 acres that has irrigation access meaning pumps are onsight and only wants a % of sales when I harvest them starting in about 4 years. I said that I would work on it this week drawing up plans and a % sales lease for them. However, I need information to go off of to base my offer as to what I will pay him at the time of harvest for use of his familys land. Honestly I haven't a clue what that amount is or should be so any help is appreciated. I do know that an acre of land developed around here outside of city limits is in the area of $50,000-$60,000 on average. They own 2,500 acres and hes looking for a way to bring in cash since it is not currently used for anything.