Thanks for the input everyone!
I think I'm leaning toward leasing out for grazing rights as a first step - not 100% sure I want the headaches of owning the cattle. That will at least fulfill my requirements for the Ag Exemption...for now. I can always get cows later if I change my mind.
I suppose if I lease it out for grazing rights - that may limit my tax write-offs vs running cattle on my own?
Will (and others) - Is there a reason that I wouldnt roll the entire property into the Wildlife Exemption vs. 50/50 as suggested above?
Gator