Rural Land Values in the Southwest: First Half, 1997 Page: 36
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Texas Land Market Area 16
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 750 1,000 1,250 150 0 0 0 33
Nonirrigated cropland 400 500 550 160 5 0 1 13
Improved pasture 400 500 600 160 5 0 5 13
Native rangeland 650 900 1,100 200 5 (3) 2 10
Urban fringe 1,500 2,000 3,000 15 13
Orchard or vineyard - - - - - - -
Timberland - - - -
Sales with minerals transferred: 85%
Percentage of minerals transferred: 50%
Native rangeland Cost ($)
per animal unit 9,750 - 8,750
Texas Land Market Area 17
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 1,500 2,000 2,500 100 0 15 0 -
Nonirrigated cropland 725 875 1,150 88 0 0 0 21
Improved pasture 650 800 1,075 120 1 0 0 15
Native rangeland 675 1,100 1,950 425 2 3 7 10
Urban fringe 1,500 2,500 4,000 50 1
Orchard or vineyard - - - - -
Timberland - - - - -
Sales with minerals transferred: 95%
Percentage of minerals transferred: 50%Native rangeland
per animal unitCost ($)
6,563 8,250 9,625
36
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/m1/40/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.