Rural Land Values in the Southwest: Second Half, 1997 Page: 11
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Oklahoma
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low average Hih (acres) (%) Sale Sold ($)
Irrigated cropland 665 863 1,038 160 2 5 5 -
Noni-rigated cropland 463 650 950 160 2 4 8 32
Improved pasture 350 400 600 160 2 5 9 21
Native rangeland 225 313 388 180 1 5 8 10
Urban fringe 1,000 1,500 2,000 70 4
Orchard or vineyard 1,000 1,200 1,500 80 2 1 1
Timberland 200 275 325 160 1 2 38
Sales with minerals transferred: 50%
Percentage of minerals transferred: 38%
Native rangeland Cost ($)
per animal unit 3,500 3,500 3,750
Texas
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average Hih (acres) (%) Sale Sold ($)
Irrigated cropland 550 712 900 250 0 5 5 52
Nonirrigated cropland 400 520 650 188 0 4 3 25
Improved pasture 600 725 900 125 2 4 5 15
Native rangeland 400 500 640 323 3 3 5 11
Urbar fringe 1,500 2,100 3,000 38 7
Orchard or vineyard 550 875 1,700 13 0 0 0
Timberland 300 750 1,250 100 1 10 5
Sales with minerals transferred: 60%
Percentage of minerals transferred: 34%Native rangeland
per animal unitCost ($)
6,500 6,300
5,300 I
11
Source: Real Estate Center at Texas A&M University
5,300 1
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Gilliland, Charles E. & Semien, Anthony. Rural Land Values in the Southwest: Second Half, 1997, report, July 1998; College Station, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1586957/m1/15/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.