Rural Land Values in the Southwest: First Half, 1997 Page: 7
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Appendix A -~
Summary by StateI
Arizona
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Av-.:-e High (acres) (%) Sale Sold ($)
Irriga-ed cropland 500 1,600 3,250 160 5 6 10 125
Nonirrigated cropland - - - - - _ -
Imprcved pasture - - - - - -
Native rangeland 75 100 150 2,000 0 1 6 -
Urban fringe 5,000 12,000 15,000 80 10
Orchard or vineyard 6,000 - 1,100 40 5 10 10
Timberland - - - - .
Sales with minerals transferred: 50%
Percentage of minerals transferred: 50%
Native rangeland Cs $
per animal unit 2,250 - 10,000
New Mexico
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Iigaled cropland 1,200 1,625 2,600 160 0 0 0 80
Nonirgated cropland 213 265 450 260 1 - -
Improved pasture 175 250 275 320 - - -
Native rangeland 45 75 113 5,000 2 (5) (5) 6
Urbar. fringe 750 3,000 5,002 40 60
Orchard or vineyard 4,900 6,450 8,000 45 0 0 0
Timberland - - - - -
Sales with minerals transferred: 30%
Percentage of minerals transferred: 37%________________________Native range land
per animal unitCost ($)
I 2,900 3,400
Source: Real Estate Center at Texas A&M University
3,800 1
7
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Gilliland, Charles E. & Semien, Anthony. Rural Land Values in the Southwest: First Half, 1997, report, December 1997; College Station, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1586956/m1/11/?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.