Rural Land Values in the Southwest: First Half, 1997 Page: 8
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Oklahoma
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Ae- . i- (acres) (%) Sale Sold ($)
Irrigated cropland 720 850 1,025 160 2 0 -
Nonirrigated cropland 425 600 900 160 1 4 10 32
Improved pasture 300 400 575 160 2 5 10 21
Native rangeland 188 263 350 160 2 5 8 10
Urban fringe 1,000 1,875 2,500 80 5
Orchard or vineyard 700 800 1,000 80 2 3 3
Timberland 200 275 310 80 1 2 75
Sales with minerals transferred: 50%
Percentage of minerals transferred: 50%
Native rangeland Cost ($)
per animal unit 3,300 3,300 3,200
Texas
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low AHigh (acres) (%) Sale Sold ($)
Irrigated cropland 500 650 950 250 0 2 0 50
Nonirrigated cropland 400 500 600 200 0 4 4 24
Improved pasture 600 750 900 150 3 3 5 16
Native rangeland 400 500 650 300 4 5 10 10
Urban fringe 1,500 2,000 3,000 50 5
Orchard or vineyard 800 1,000 1,500 60 0 1 0
Timberland 425 775 1,100 100 5 4 15
Sales with minerals transferred: 75%
Percentage of minerals transferred: 50%Native rangeland
per animal unitCost ($)
16,000
-I1 6,1001
8
Source: Real Estate Center at Texas A&M University
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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/m1/12/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.