Rural Land Values in the Southwest: Second Half, 1997 Page: 46
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Texas Land Market Area 31
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average Hih (acres) (%) Sale Sold ($)
Irrigated cropland - - - - -
Nonirrigated cropland - - - - -
Improved pasture - - - - .
Native rangeland - - - - -
Urban fringe - - - - .
Orchard or vineyard - - - - - .
Timberland 300 400 600 50 1 5 5
Sales with minerals transferred: 5%
Percentage of minerals transferred: 25%
Native rangeland Cost ($)
per animal unit - - -
Texas Land Market Area 32
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average Hh (acres) (%) Sale Sold ($)
Irrigated cropland 800 1,100 1,500 200 0 5 5 -
Nonirrigated cropland 400 500 700 400 0 5 5 -
Improved pasture 450 700 1,000 600 10 10 10 18
Native rangeland 450 700 1,000 1,000 10 10 10 16
Urban fringe 5,000 15,000 35,000 20 10
Orchard or vineyard 1,500 2,500 4,500 15 0 20 10
Timberland - - -
Sales with minerals transferred: 10%
Percentage of minerals transferred: 3%Native rangeland
per animal unitCost ($)
- - -I
Source: Real Estate Center at Texas A&M University
46
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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/m1/50/?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.