This means that the land is taxed based on the value of what it produces, such as crops and livestock, rather than its sale value.

Is it feasible to make $ with some combination of hunting lease/livestock lease/solar power/wind power, or other creative uses?

I'll start.Real Estate - property comprised of land and the buildings on it as well as the natural resources of the land including uncultivated flora and fauna, farmed crops and livestock, water and minerals.

The remaining land has trees, a barn and some livestock.

There are a lot of variables that fall into the equation of the lands " WORTH " Some of the questions I have are you talking livestock or crops ?

The agents would go to the farms, count the live-stock, then tell the farmers what to produce, and how to produce it.

Are they just turning livestock out into the pasture?

Everything you said above fits right in with the discussion.Also, given your experience in livestock, I would like to hear more about teak plantations in Belize as we can segway from one to the other. 

Or, consider raising livestock.

Direct participation programs allow individuals to invest in and have a stake in ranching operations, often including livestock production.If more people choose to participate directly in ranches, it could influence the supply and demand dynamics of the protein market.