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Material alone for a mile of 4 strand barb wire is around $4,000. And of course it depends on the ground. The rougher the ground the more of it is hand labor as opposed to using machines.
 
Beautiful countryside.

How long does the rail fence last?

Ain't a tree species growing here that lasts more than a few years outside.
A well built log fence is maintenance free for 20 years unless a tree falls on it. Replace top logs and blocks about then and it will last another 20
 
Sometimes I envy your guys dry climates and dry soils.

Here that fence would sink into the clay and rot away from the bottom within a year or two. Then the snow covering it completely for 4-6 months would rot out the top.
 

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