Rural Land Values in the Southwest: Second Half, 1997 Page: 33
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Texas Land Market Area 4
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 425 550 775 240 0 20 10 -
Nonirrigated cropland 213 350 438 320 0 10 7 -
Improved pasture 175 250 275 160 0 0 0 45
Native rangeland 53 75 135 1,000 0 1 1 21
Urban fringe 0 0 0 0 0
Orchard or vineyard 0 0 0 0 0 0 0
Timberland 0 0 0 0 0 0 0
Sales with minerals transferred: 30%
Percentage of minerals transferred: 13%
Native rangeland Cost ($)
per animal unit 3,250 - 1,800
Texas Land Market Area 5
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 300 500 1,100 320 0 0 0 -
Nonirrigated cropland 250 300 400 320 0 0 0 -
Improved pasture - - - - -_ - -
Native rangeland 135 150 175 - 0 (10) 0 -
Urban fringe - - - - -
Orchard or vineyard - - - - - .
Timberland - - - -
Sales with minerals transferred: 75%
*Percentage of minerals transferred: 50%_________________________Native rangeland
per animal unitCost ($)
- I
- I -
33
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/m1/37/?q=%221997~%22&rotate=90: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.