Rural Land Values in the Southwest: Second Half, 1997 Page: 36
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Texas Land Market Area 10
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 600 975 1,200 275 0 15 10 45
Nonirrigated cropland 350 450 600 175 0 15 5 80
Improved pasture - - - - _ _ .
Native rangeland 400 475 550 1,500 4 5 10 11
Urban fringe 750 1,125 1,500 75 0
Orchard or vineyard - - - - . _ _
Timberland - - . .
Sales with minerals transferred: 70%
Percentage of minerals transferred: 25%
Native rangeland Cost ($)
per animal unit - -
Texas Land Market Area 11
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 675 1,150 1,500 225 0 5 5 -
Nonirrigated cropland 400 500 700 400 0 5 5 -
Improved pasture 450 700 1,000 600 10 10 10 12
Native rangeland 400 475 550 2,000 8 6 8 12
Urban fringe 2,738 7,750 17,775 1,010 8
Orchard or vineyard 1,500 2,500 4,500 15 0 20 10
Timberland____- - -
Sales with minerals transferred: 30%
Percentage of minerals transferred: 5%Native rangeland
per animal unitCost ($)
9,375 10,625
Source: Real Estate Center at Texas A&M University
11,875 I
36
11,875
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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/m1/40/?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.