Rural Land Values in the Southwest: Second Half, 1997 Page: 27
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Oklahoma Land Market Area 2
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland - - - - - - -
Nonirrigated cropland 525 700 1,225 160 0 4 2 -
Improved pasture 350 475 775 160 0 0 0 14
Native rangeland 135 243 363 660 0 4 2 10
Urban fringe 1,000 1,000 2,000 160 10
Orchard or vineyard - - - - - - -
Timberland - - - - - - -
Sales with minerals transferred: 35%
Percentage of minerals transferred: 30%
Native rangeland Cost ($)
per animal unit 2,950 3,550 3,800
Oklahoma Land Market Area 5
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Av-ra. High (acres) (%) Sale Sold ($)
Irrigated cropland - - - - - - - -
Nonirrigated cropland 475 700 1,250 160 0 0 45 32
Improved pasture 300 400 605 160 0 1 45 21
Native rangeland 200 250 375 240 0 1 45 17
Urban fringe 1,400 2,250 4,500 50 4
Orchard or vineyard - - - - - - -
Timberland 225 275 325 120 1 2 75
Sales with minerals transferred: 65%
Percentage of minerals transferred: 50%Native rangeland
per animal unitCost ($)
1 3,500 1 3,500 1
3,750 1
27
Source: Real Estate Center at Texas A&M University
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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/m1/31/?rotate=270: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.