If you do lease, do not give them the automatic renewal at their option. If you do and there is any production close to you within the first 5 years, they will renew you without blinking, and if there is not, they will not renew. However, if there is production near you and they do not have the automatic renewal, your next lease, which I would recommend negotiating with them at that time for a 3 year lease, with a much better rate. Your goal should be production and royalties if at all possible, limit the time they can lock up your property, it will increase the odds of your property being produced if there is oil and gas there.
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Today's Featured Article - Buying your first tractor: The People You Buy From - by Chris Pratt. If you are a first-time buyer, chances are that you are likely to take the word of the seller on things. This is where the problems start... You have reviewed your implement needs and determined the size of machine that will fit the bill and even made a list of the most desirable models. You checked on the availability of a 3-point hitch for the machines on the list and advertised in your local classified paper with so
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