Investing in Raw Land - Grazing Lease

[Joe Garretson]

Howdy, I'm looking at a few different pieces of land in south central and southeastern Colorado that have grazing leases in place. These plots are 60-100 acres and I have no intention of building on them; at least yet anyway. I'm looking at the covenants that guide a few of the properties but I'm curious if anyone has any experience with owning land with grazing leases in place. Some of the research I've done says to look into questions around fencing the property, water/irrigation, minerals for the land. 

I'm pursuing this as a lower cost option to start investing and in theory, a very low risk, nearly passive path to get started. Any guidance on previous experience would be appreciated!