Rural Land Values in the Southwest: Second Half, 1997 Page: 38
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Texas Land Market Area 15
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low High (acres) (%) Sale Sold ($)
Irrigated cropland 400 600 900 320 - - .
Nonirrigated cropland 225 350 500 320 - -
Improved pasture 175 250 275 320 - --
Native rangeland 208 250 368 2,900 5 25 25 8
Urban fringe 1,200 2,400 3,600 20 0
Orchard or vineyard - - - - -
Timberland - - - -_
Sales with minerals transferred: 88%
Percentage of minerals transferred: 38%
Native rangeland Cost ($)
per animal unit 10,500 - 11,000
Texas Land Market Area 16
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average h (acres) (%) Sale Sold ($)
Irrigated cropland 400 600 900 320 - ..
Nonirrigated cropland 225 350 500 320 - - ..
Improved pasture 175 250 275 320 - - - 20
Native rangeland 800 1,150 1,750 170 2 2 2 11
Urban fringe - - - - _
Orchard or vineyard - ----
Timberland -- - --
Sales with minerals transferred: 75%
Percentage of minerals transferred: 100%Native rangeland
per animal unitCost ($)
- - - I
38
Source: Real Estate Center at Texas A&M University
_ I _ - 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/m1/42/?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.