You own two pieces of land: a huge field in Arizona and a tiny piece of beach in Florida. The former is idle; you have no plan to develop the land in any way. The tiny beach is very popular. In fact, it is so popular that you charge a small entrance fee for beachgoers. The government has offered to buy the Arizona field for 1 million dollars. Your neighbor has offered to buy the Florida beach for 1 million dollars as well. Other things being equal, which of the two pieces of land has the highest forward price? Elaborate the reasoning leading to your answer.