Rural Land Values in the Southwest: First Half, 1997 Page: 18
This report is part of the collection entitled: Texas State Publications and was provided to The Portal to Texas History by the UNT Libraries Government Documents Department.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
New Mexico Land Market Area 2
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 3,000 4,500 6,000 50 0 - . 80
Nonirrigated cropland 200 250 400 200 - -
Improved pasture - - - - -_ -
Native rangeland 40 75 125 - - - - 62
Urban fringe - - - - -
Orchard or vineyard - - - - - -
Timberland - - - - - -
Sales with minerals transferred: 50%
Percentage of minerals transferred: 50%
Native rangeland Cost ($)
per animal unit 2,500 3,000 3,500
New Mexico Land Market Area 3
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 1,825 2,688 3,600 105 0 - - 80
Nonirrigated cropland 213 250 338 260 0 -
Improved pasture - - - -
Native rangeland 53 75 125 5,000 2 - - 62
Urban fringe - - - - -
Orchard or vineyard- - ----
Timberland- -- ---
Sales with minerals transferred: 38%
Percentage of minerals transferred: 50%__________________________Native rangeland
per animal unitCost ($)
4 2.500 3.000 3,500
Source: Real Estate Center at Texas A&M University
18
1 2.500 1 3,000 1 3,500 1
Upcoming Pages
Here’s what’s next.
Search Inside
This report can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Report.
Gilliland, Charles E. & Semien, Anthony. Rural Land Values in the Southwest: First Half, 1997, report, December 1997; College Station, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1586956/m1/22/?rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.