Rural Land Values in the Southwest: First Half, 1997 Page: 29
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Texas 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 350 575 800 320 0 2 1 88
Nonirrigated cropland 250 300 385 400 0 0 0 35
Improved pasture - - - - - 0 0 -
Native rangeland 103 125 150 2,500 0 3 2 20
Urban fringe - - - - -
Orchard or vineyard - - - - - - -
Timberland - - - -
Sales with minerals transferred: 75%
Percentage of minerals transferred: 30%
Native rangeland Cost ($)
per animal unit 3,250 3,750 4,000
Texas Land Market Area 3
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low A High (acres) (%) Sale Sold ($)
Irrigated cropland 425 590 775 160 0 0 0 53
Nonirrigated cropland 275 350 500 160 0 0 0 55
Improved pasture 175 250 275 320 - 0 0 -
Native rangeland 70 100 155 2,660 0 - - 6
Urban fringe 1,100 1,500 2,000 160 0
Orchard or vineyard - - - - -
Timberland - - - -
Sales with minerals transferred: 75%
Percentgage of minerals transferred: 25%Native rangeland
per animal unitCost ($)
- i
- I - I
29
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/m1/33/?rotate=0: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.