GIVE ME SOME OF THAT REPNESS GEWDNESS
Ok assuming this person is you, I would say the first thing you need to do (if we're talking six figures or something close) is hire a financial advisor and/or lawyer.
Be careful.
I'm just saying. There might be some less educated people out west
unfortunately it's not me...being a student severely limits my options as far as getting a whole bunch of money. i was not very specific in my first question...the land would be used for entertainment. hunting, fishing, that sort of thing.
In that case look for land for sale that's in CRP if you can (Conservation Reserve Program)
That way you'll be paid to do little to nothing with the land you own.
Another program akin to CRP in Nebraska was recently passed called the CRP Management Access Program and may or may not limit your ability to allow public access to your land, and that pays you too, although if you enroll I don't think it's on top of the regular CRP money.
I would read as much as you can about CRP and then call some realtors who specialize in selling tracts of land to get your answers.
Aside from finding the best place to hunt (I prefer SE Nebraska coming from Auburn - I'm biased but you can hunt anything you want in that area IMHO) and nail it down to the price. Good luck.