Rural Land Values in the Southwest: First Half, 1997 Page: 24
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Oklahoma Land Market Area 7
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 - - - - - - . -
Nonirrigated cropland 400 550 700 160 5 25 10 60
Improved pasture 300 400 500 160 5 25 10 27
Native rangeland 275 325 400 160 5 25 10 18
Urban fringe 1,000 1,000 1,000 - 5
Orchard or vineyard - - - - - - -
Timberland - - - -
Sales with minerals transferred: 25%
Percentage of minerals transferred: 50%
Native rangeland Cost ($)
per animal unit 3,300 3,300 3,200
Oklahoma Land Market Area 8
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Avrae High (acres) (%) Sale Sold ($)
Irrigated cropland - - - - - - - -
Nonirrigated cropland 400 600 1,000 160 0 - - -
Improved pasture 300 500 700 160 2 - _ -
Native rangeland 125 175 275 640 0 - - 9
Urban fringe 2,000 2,000 3,000 120 5
Orchard or vineyard - -- ----
Timberland --- ----
Sales with minerals transferred: 20%
Percentage of minerals transferred: 5%___________________________Native rangeland
per animal unitCost ($)
2,500 2,625
2,750 1
24
Source: Real Estate Center at Texas A&M University
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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/m1/28/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.