Rural Land Values in the Southwest: First Half, 1997 Page: 22
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Oklahoma Land Market Area 1
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 440 500 550 160 - - -
Nonirrigated cropland 400 650 1,000 160 0 - - -
Improved pasture 300 350 625 160 1 - - 14
Native rangeland 125 225 297 640 0 - - 9
Urban fringe 2,000 2,000 3,000 120 5
Orchard or vineyard - - - - - -
Timberland - - - -
Sales with minerals transferred: 20%
Percentgaie of minerals transferred: 50%
Native rangeland Cost ($)
pr animal unit 2,950 3,013 3,275
Oklahoma Land Market Area 2
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland - - - - - -
Nonirrigated cropland 425 650 1,125 160 0 -
Improved pasture 300 425 625 160 1 - - 14
Native rangeland 148 200 313 820 0 - - 9
Urban fringe 2,000 2,000 3,000 120 5
Orchard or vineyard - - - - - - -
Timberland - - - - - - -
Sales with minerals transferred: 48%
Percentage of minerals transferred: 28%Native rangeland
per animal unitCost ($)
2,950 3,013 3,275
22
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/m1/26/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.