Inherited Farm Land Question

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Good Morning All Recently my grandma has passed on 200 acres of land in northern Iowa, 150 of it being farmable. My family now is weighing options. I am unexperienced with land/leases/farming but want to help make the correct decision. My Dad and Uncle would like to buy out their other brother and sistersfor this land as it does have some sentimental value, but I am trying to help them consider the costs and whether it would be a smart investment. Currently, the 150 acres is leased for farming at $200 per acre. This price is cheap given land prices. He thinks after a few years of recovery in this area it could be worth $325 an acre. (150 * 325 = $48750 per year in lease income). 5 siblings, the siblings will be buying out the other three. Farm Land Value: 150*$7500(per acre) = $1,125,000/5 = $225,000 Total Land Value: 200*$7500(per acre) = $1,500,000/5 = $300,000 Currently Leasing for: 150 acres * 200 = $30,000 per year Belief of future leases: 150 acres * 325 = $48,750 per year $48750/$1,500,000 = only 3.25% return, am I missing something on this? Furthermore, the land is valued rather cheaply right now (although lots of timber), and he believes value will come back. Now, I doubt this area will be developed any time soon, given there are under 100 people living in this town, but he is banking on appreciation of this land. Is there anyone experienced with farmland/leases who may have any input or better ideas than we have come up with? Should he bank on the appreciation and lease income and sell it later or sell it now and invest into the stock market? His stake is roughly 300k, but will have to shell out an additional 450k to buy this out. Any input is greatly appreciated! Nick