Rural Land Values in the Southwest: Second Half, 1997 Page: 31
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Oklahoma Land Market Area 15
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Aa,- High (acres) (%) Sale Sold ($)
Irrigated cropland 900 1,200 1,500 160 2 5 5 .
Nonirrigated cropland 325 475 588 130 2 7 6 _
Improved pasture 275 400 500 140 3 7 7 -
Native rangeland 225 313 350 180 16 7 6 10
Urban fringe 600 650 700 80 2
Orchard or vineyard 1,000 1,200 1,500 80 2 1 1
Timberland 200 300 400 160 3 1 1
Sales with minerals transferred: 80%
Percentage of minerals transferred: 25%
Native rangeland Cost ($)
per animal unit 2,100 1,750 1,600
Texas Land Market Area 1
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 550 700 950 640 5 0 0 -
Nonirrigated cropland 225 275 300 320 0 0 0 -
Improved pasture - - - _ _ _ _
Native rangeland 130 150 175 1,520 0 (10) 0 -
Urban fringe - - _ - .
Orchard or vineyard - - - .
Timberland - - - _
Sales with minerals transferred: 75%
Percentage of minerals transferred: 50%Native rangeland
per animal unitCost ($)
- - C -
31
Source: Real Estate Center at Texas A&M University
-I
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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/m1/35/?q=%221997~%22&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.