Rural Land Values in the Southwest: First Half, 1997 Page: 41
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Texas Land Market Area 26
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 500 600 1,000 75 - - -
Nonirrigated cropland 625 850 1,175 88 - (15) (10) 23
Improved pasture 1,000 1,250 1,500 150 3 (20) 10 21
Native rangeland 800 1,100 1,800 225 5 (25) 15 16
Urba- fringe 3,000 5,000 8,000 75 6
Orchard or vineyard - - - -
Timberland - - - . -
Sales with minerals transferred: 75%
Percentage of minerals transferred: 50%
Native rangeland Cost ($)
er animal unit 6,500 6,000 4,000
Texas Land Market Area 27
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 750 1,375 1,800 325 3 0 3 58
Nonirrigated cropland 500 900 1,100 200 1 10 5 38
Improved pasture 750 1,100 1,300 100 4 0 8 19
Native rangeland 700 900 1,100 100 2 10 15 12
Urbar fringe 2,000 5,000 8,000 40 5
Orchard or vineyard - - - - - - -
Timberland 525 700 1,150 100 5 10 25
Sales with minerals transferred: 70%
Percentage of minerals transferred: 38%Native rangeland
per animal unitCost ($)
~7]
41
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/m1/45/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.