We have been approached by a representative for a major cell carrier regarding leasing land for a guyed wire style cell tower on our rural farm property (350 acres). The process seems to be he selects 3 potential sites and forwards those to the cell company, they then make a selection. From what I know from our initial contact call is they want a highway frontage site, between two points roughly 3/4 mile apart. We own the majority of the cleared land along this section of highway (other side of the highway is timber land), however there is 1 other large section of cleared land next door that is very similar to our property. The initial offer terms are 35 year total lease term, with 5 year renewal options on their part, $500 per month, 10% increase every 5 years, and they may require up to 3 acres. The location is somewhat rural in Louisiana, however it is a growing area, and small tracts of highway frontage property is starting to be in high demand for people wanting to build mini-ranches, etc. So part of our concern is how this might effect land value, as well as other liabilities, tax implications, etc. Highway frontage land in the area is currently selling for around $10,000 per acre in small 5 - 10 acre tracts. Thanks for any insights you might be able to give, is most welcome, I have tried to google this subject, but most threads are about far more urban sites, or regard much smaller towers.