Some state land is leased. The law specifies that all school endowment land must be managed for maximum return. However, most of it is open for hunting. A large amount of it is located where it's not good for much commercially other than grazing. Grazing land isn't considered an exclusive lease. A GPS that shows land ownership will show which land is state and which is federal but other than that, you can't tell the difference. Hunt it and enjoy.
