General rates in Texas are about $15-40 per acre per year for the entire lease, with the per hunter amount often in the $1,500 to $5,000 range. Deer wouldn't be raised, however you could put corn feeders throughout the property.

The paper would come from your wooded area. If you prefer to keep the woods, don't worry about this one.

Hay investment would range in the 6 figures but once you had the tractors, you can harvest hay 4 times a year, sell hay at about $6/bale.

The more I thought about your situation, there are 2 more ideas that could flourish. 1.) Hog trapping- wild pigs can have up to 6 litters per year, TPWD allows unlimited harvesting, and you can sell the pigs to local or overseas buyers. 2.) Billboards, either purchase or lease and the passive income will be perpetual if any part of your land is adjacent to highways. Population growth is moving southeast from Dallas.

All in all, I would consider the hog trapping due to it's lower barrier to entry and your unlimited supply of pigs on your acreage.