Rural Land Values in the Southwest: Second Half, 1997 Page: 30
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Rural Land
Irrigated cropland
Nonirrigated cropland
Improved pasture
Native rangeland
Urban fringe
Orchard or vineyard
TimberlandOklahoma Land Market Area 13
Fall 1997 Median
Low
375
325
250
1,000250
Price per Acre
($) Avge Hi
Average High525
475
338
2,000275
Typical
Size
(acres)Fall 1998
Projected
Change
in ValueAnnual
Change in
Number (%)
For
Sale SoldSale I Sold
r 1 L ($)738
675
400
3,000325
90
100
180
40
1602 75
1
1
5
01
2
2
290
90
90
75Annual
Cash Rent
Per Acre32
21
13Sales with minerals transferred: 90%
Percentage of minerals transferred: 50%Native rangeland
per animal unit4 4,200 Cost ($) 3,750
Oklahoma Land Market Area 14
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland - - -
Nonirrigated cropland 500 600 900 80 0 1 90 32
Improved pasture 450 550 850 80 0 2 90 21
Native rangeland 350 400 500 160 0 2 90 17
Urban fringe 1,000 2,000 3,000 40 5
Orchard or vineyard - - - -
Timberland 250 275 325 160 0 2 75
Sales with minerals transferred: 90%
Percentage of minerals transferred: 50%Native rangeland
per animal unitCost ($)
4,2001
1 4,00 1 - 1 3,750 1
30
Source: Real Estate Center at Texas A&M University
-
3,750Cost ($)
4,200 ,- 3,750
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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/m1/34/?q=%221997~%22: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.