I also just inherited but I had already bought my own...Im as confused as you are...

Stocks...aihhh, a piece of land sounds solid. Ladies are perfect managers,i believe you will multiply your inheritance,then you host the next mbuzi.

First get documentation of 'your inheritance' in order, that is get a title deed for your land. Thereafter you can do whatever you want with it. I suppose the title is still in your Dad's or so so name. So you have one step to go, before even thinking what next. And I agree more with @slykat, land appreciates, and is not perishable, calm down.

Relax and calm down, ensure the land is registered in your own name and you are in possesion of the title deed. After relaxing do some soul searching and take your calc and analyse several things. what size of land and what projects can it handle? What kind of farm produce can be produced on the arable part? Are you capable to take on serious full time farming or would you better partner with someone with the potential to do so? Can you lease it to horticultural firms? if there is potential in farming, then make use of your current part savings to start a well researched farming project for a produce you have a ready market for. DO NOT start farming if you are in a remote location (also known as a telephone farmer), you will be easily reaped off. If for example you can take on dairy farming and the area has potential for dairy farming, Some of the big dairy companies will be ready to support you with a market and technical support depending on the scale. You can also calculate the market value of say 1/4 of the parcel of land and judge if you were to sell, would it be enough for you to buy a plot near NBI and remain with some cash to develop by building some flats? Retain the commercial part of the land until the area has full potential to give you quick ROI. If a quick ROI is possible on the commercial bit of the land currently, why not start investing on a manageable project? If the value of the entire inheritance is cool Consider also using the land as a security for funding for the building of flats near Nbi having bought the plot from your current savings? Do not forget your old time long term investment goals, see how this new development can be accomodated in your long term goals. Do not be in a hurry with whatever plans you will have on the land, as it will not perish. Best of luck.

Congrats, i have also just gotten property. My opinion don't sell, you are young, if you can build some houses, however simple, in the one near the town and save onwards to build better. Its a good thing when folks begin the process rather than have "kirima like" drama. In my opinion don't deal with relatives, i guess you can lease the farm on a long-term deal like >5 years. Now that the pastor has asked for land, say no, you should have offered, but with him asking, ni suspect kidogo.