I am a long ways West of you ( in North West Arkansas ) but right next door to me there are 61 acres that is above average pasture for this area with pond, creek, barn, handling faclities head gate, corral, chute. It leased for years for $400 a year with no expectations from the owner as far as keeping it fertlized, limed etc..., pretty well a use it like as if it was yours deal. Then the owner died and a fella from Mo bought it. I cut the hay off of it the first year he bought it and told him i would be interested in leasing it if he decided to let it out for lease.
So he ran a add in the papper taking bids on leasing it. He told me the best offer he had was $800 a year on it and that he was wanting to get $ 1200 a year. I passed on it.
I had another chance to lease 40 acres with pretty good fence arround it. The owner said they would give me the first years hay off of it for free to get it cleaned up and then i could tell them what a fair lease price would be. It had been let go for so long that the soil was pretty poor. It had some decent grass growing on it but it just would not produce much tonage.
I wound up having to pass on that because at what it would cost to get it producing enough hay to make it worth running cattle on. I would have more in fertlizer, hay, chemical getting it back into shape than what i would want to put in it and would not be able to pay for a lease on top of all the other exspenses.
I just lost a lease similiar like the deal i described above. With the only exception that the owner told me when i went and looked at it before i ever agreed to take it that they were and this is their exact words. " You can keep this for ever, i am never going to do anything with it ever." Yeah right ! Not only did i pay a lease on the property but also alot of money on fenceing, fertlizer, chemical etc....,
So in my opinion, $ 3000 is way to high and i know we are in different locations. But i bet the price of cattle is still about the same there as they are here. And i would be willing to bet you wont make a profit of any kind, not even enough to pay for the lease. But that is just my opinion for what ever it is worth.