While I’m no expert on land investment, my family had land (each parcel over 100 acres, and the CA property for over three decades) here in California and in another state. Neither one was a good “investment,” but if you’re into hunting or gardening or running cattle, it can work for non-financial reasons.
We also had a number of family friends who owned land that they had hoped would be good investments. I’ve never heard of a success story.
Okay, that’s just anecdote from one source, but I think you should stay away from land investments unless you are working with a partner who knows *exactly* what they are doing.