Rural Land Values in the Southwest: Second Half, 1997 Page: 45
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Texas Land Market Area 29
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low A High (acres) (%) Sale Sold ($)
Irrigated cropland 375 550 700 800 0 18 9 72
Nonirrigated cropland 350 400 600 155 0 1 3 21
Improved pasture 375 450 600 150 0 8 5 26
Native rangeland 275 338 475 625 2 12 6 9
Urban fringe 700 950 1,550 10 0
Orchard or vineyard 550 875 1,700 25 1 0 0
Timberland 300 750 1,500 350 1 40 20
Sales with minerals transferred: 50%
Percentage of minerals transferred: 50%
Native rangeland Cost ($)
per animal unit - - 1,500
Texas Land Market Area 30
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland - - - - -
Nonirrigated cropland 650 775 950 80 8 15 14 -
Improved pasture 800 1,000 1,750 100 5 3 6 -
Native rangeland 600 750 1,000 50 5 3 8 8
Urban fringe 900 1,200 1,600 20 5
Orchard or vineyard - - - - - - -
Timberland 700 1,000 1,500 100 5 5 5
Sales with minerals transferred: 30%
Percentage of minerals transferred: 25% _________________________(Native rangeland
per animal unitCost ($)
- I
Source: Real Estate Center at Texas A&M University
45
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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/m1/49/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.