Rural Land Values in the Southwest: First Half, 1997 Page: 26
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Oklahoma Land Market Area 12
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low A (acres) (%) Sale Sold ($)
Irrigated cropland -- - -
Nonirrigated cropland 300 400 500 160 0 5 5 14
Improved pasture 250 325 450 160 10 10 10 12
Native rangeland 250 300 350 160 5 15 5 7
Urban fringe - - .
Orchard or vineyard -- --
Timberland -- - -
Sales with minerals transferred: 0%
Percentgage of minerals transferred: 0%
Native rangeland Cost ($)
per animal unit - - -
Oklahoma Land Market Area 13
Spring 1997 Median Spring 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland - - - - - -
Nonirrigated cropland 500 600 900 80 0 1 96 32
Improved pasture 325 - 650 140 3 2 90 21
Native rangeland 250 313 400 160 5 2 90 14
Urban fringe 1,000 1,750 2,500 40 5
Orchard or vineyard - - - - - .
Timberland 250 275 325 160 5 2 75
Sales with minerals transferred: 60%
Percentgaoe of minerals transferred: 50%Native rangeland
per animal unitCost ($)
4,200
- 3,750
26
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/m1/30/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.