re: Convince me NOT to sell 200 acres of land in north Louisiana.....

Is this a MTB thread or was this on the OT and then pulled over here?

"They don't make more of it" is an odd way to evaluate a financial decision. As important as the valuation of the land itself is the opportunity cost of what you want to do with the proceeds from the sale.

You should call Peter Laville with ELIFIN and talk through options. We've sold off a few hundred acres with him and have also land banked a decent part of our portfolio.

Is it in Haynesville? Future drilling location?

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Who is we? Being a co-owner of land with siblings, cousins, or the like can turn into a nightmare. You can't lease, sell, or mortgage the tract without the agreement of crazy Aunt Kathy and her 10% interest. Or, even worse, after Kathy dies, you need the signatures of her 4 illegitimate children spread across the country in various prisons, homeless shelters and mental wards.

If it's a co-owner situation, and everyone is on board now to sell, I'd lean to selling while it can be done with minimum headache. If it's all owned by you, then maybe keep it if the cost of ownership (property tax, insurance, etc.) can be covered by leasing to a farmer.

But then consider your estate planning. Do you want to leave it jointly to your three kids, one of who is potentially a crazy Aunt Kathy type or has insane children who might enter the game? Or do you have another plan for it?

These are all things to consider.

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Upvoting all of this. Not saying sell but we have been through the headache of dealing with this as heir property, we sold some and kept some. I do want to call out the "never sell" and "what if" people on here who say hold the land for mineral rights or new development or whatever in the future. I mean everyone should do their own homework but this is a silly approach, especially if no one lives on/near the land.

If you can provide for your family today instead of sitting on land you are doing nothing with, AND you have a plan, I would sell.

I was in a similar position a few years ago. Inherited 600 acres in Texas. I kept it, someone else farms it, and I get tax bennifits as well as income from the farming.
Worth it