Licensees have little incentive to improve the land to make it more useful. For as long as I can remember it has been fashionable in certain circles to ridicule property rights as somehow inferior to human rights. This is an empty headed, thoughtless belief. First of all property rights are human rights. Property has no rights.
Property rights are the rights of human beings to possess and use property.
Next to personal safety, there is no right more important than property rights. In many respects safety depends on property rights. Without those basic property rights we would never get the chance to speak, vote or practice religion. Property rights and secure ownership are the foundation of civilization. Without secure property rights people cannot prosper.