Texans have a deep rooted passion for hunting and wildlife-related outdoor recreation. According to a comprehensive report conducted by a private economics and statistics firm, over 6 million people participate in some type of wildlife-related recreation in Texas each year. Expenditures in pursuit of these outdoor activities generates over $8.16 billion annually. The total economic impact to the Texas economy resulting from direct and indirect expenditures from wildlife-related outdoor recreation in Texas is a staggering $15.8 billion.
Over 94% of all land in Texas is under private ownership, with very limited recreational hunting opportunities available on public land. If you want to hunt in Texas you must either own your own hunting property, know someone that does who will allow you use of their property, lease hunting rights, or hunt with an outfitter or hunting guide. Quality hunting leases, outfitters, and guides are becoming harder and harder to find across the state of Texas and the cost of these services has increased substantially over the last 10 years.
The Texas landscape is dynamic and rapidly changing. Population growth is rapidly expanding and encroaching into the surrounding suburban areas, while at the same time the Texas Agricultural Industry has undergone a rapid and significant decline. This population growth is most significant in the major metropolitan areas of Houston, Austin, San Antonio, and Dallas. Houston’s population alone is over 5,000,000 and is expected to grow to over 8,000,000 by 2020. With the economic down-slide of the agricultural industry, many landowners are now forced to sell farm and ranch lands that have been in the family for generations.
It has been said that “with all change comes opportunity”. The demand for quality recreational hunting land has seen a tremendous increase over the last 10 years and with an exploding human population that demand will only continue to increase. As more and more large ranches are divided up and sold, the opportunities for investing in recreational hunting property in Texas has never been better. Unimproved farm and ranch land in Texas is extremely affordable when compared to land in other states. Wildlife habitat enhancements and other improvements can cost-effectively be completed on these lands, substantially increasing the value of these properties to recreational hunters. The properties can then be sold outright for a profit to outdoor enthusiasts or utilized as income producing investments by developing them into hunting clubs, hunting leases, or full service guided hunting ventures.
There are a multitude of state, federal, and private grant programs available in Texas which provide funding for restoration, enhancement, and management of wildlife habitat that can greatly increase the value of recreational hunting property. That’s right, you can utilize other people’s money to increase the value of your hunting property investment in Texas. How many other investments out there can offer that? Enlisting the services of a professional that is knowledgeable in farm, ranch, and recreational hunting land and wildlife habitat development and management, can help ensure that you invest in the right property and take full advantage of available funding opportunities. When properly planned out and implemented, investing in recreational hunting property in Texas can be extremely cost-effective, and profitable. As the old saying goes “buy land – they’re not making any more of it”.