Fair is what ever the land owner says is fair. Unless you believe you have a right to the fruits of someone else's labors.No, fair is whatever a common man is willing to pay in a free and open market. Timex watches do not sell for $10,000 because that would not be a fair price. $1000 per day for a pig hunt is not a fair price.
Which now economics comes into play: Do I hope to sell one for $10,000 or 10,000 for $1?