Rural Land Values in the Southwest: First Half, 1997 Page: 34
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Texas Land Market Area 12
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low e High (acres) (%) Sale Sold ($)
Irrigated cropland 350 500 725 330 0 8 8 30
Nonirrigated cropland 250 450 650 320 0 18 53 35
Improved pasture 238 375 438 280 0 - - 12
Native rangeland 225 325 450 500 0 48 53 7
Urban fringe 750 1,600 3,750 20 3
Orchard or vineyard - - - - - - -
Timberland - - - - _
Sales with minerals transferred: 25%
Percentage of minerals transferred: 25%
Native rangeland Cost ($)
per animal unit 4,500 5,850 6,400
Texas Land Market Area 13
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 675 900 1,125 125 0 0 0 75
Nonirrigatedcropland 450 625 675 155 3 0 0 18
Improved pasture 500 600 700 160 0 0 0 15
Native rangeland 375 500 600 225 5 (5) 5 10
Urban fringe 1,500 2,000 3,000 15 10
Orchard or vineyard - - - - - - -
Timberland - -
Sales with minerals transferred: 50%
Percentgage of minerals transferred: 59%___________________________Native rangeland
per animal unitCost ($)
10,500 10,000
7,500
34
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/m1/38/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.