That's to buy it... Not just Lease it.
Your ignorance notwithstanding. On Oct 26, 6:34 pm, Hollywood <[EMAIL PROTECTED]> wrote: > Gaar, > > Big fucking deal. Farm land in the Mississippi bottom lands starts at > around $10,000.00 and acre. > > On Oct 26, 8:25 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > On Oct 26, 6:17 pm, "Mark Kahle" <[EMAIL PROTECTED]> wrote: > > > > yeah..... in Az/NM a buck an acre............ great income..... your > > > laughable stupidity at calling that an income not withstanding. > > > You are calling others ignorant, as you pull numbers out your ass, yet > > again?!?!?!? > > >http://www.ewg.org/oil_and_gas/part2.php > > > How much do leases cost? > > On auction day or at a time specified by an authorized officer, > > winning bidders pay an administrative fee of $75 per lease, the first > > year's rent of $1.50 per acre, and at least $2 per acre of their > > "bonus bid." (The minimum bid is $2 per acre; the bonus bid is what > > bidders offer above the minimum.) Winning bidders pay the balance of > > the bonus bid to BLM within 10 working days of the auction. > > > In addition to the initial payment, lessees pay rental rates of $1.50 > > per acre for the first five years for all leases beginning after > > December 22, 1987. Rates are $2 per acre for any additional year. > > Other rates may apply for leases that began prior to December 22, > > 1987. Rates can reach $10 per acre or higher for leases that are > > terminated and subsequently reinstated.- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
