Rural Land Values in the Southwest: Second Half, 1997 Page: 32
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Texas Land Market Area 2
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Avre - (acres) (%) Sale Sold ($)
Irrigated cropland 300 500 1,100 320 0 0 0 -
Nonirrigated cropland 250 300 400 320 0 0 0 -
Improved pasture - - - - - - - -
Native rangeland 135 150 175 - 0 (10) 0 -
Urban fringe - - - - -
Orchard or vineyard - - ---
Timberland - - - - -
Sales with minerals transferred: 75%
Percentage of minerals transferred: 50%
Native rangeland Cost ($)
per animal unit - - -
Texas Land Market Area 3
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Average High (acres) (%) Sale Sold ($)
Irrigated cropland 400 500 750 160 0 60 55 -
Nomrngated cropland 200 350 500 240 0 10 5 -
Improved pasture 175 250 275 320 - 0 0 -
Native rangeland 65 100 185 5,000 - 0 0 6
Urban fringe - - - -
Orchard or vineyard- -- ---
Timberland --- --
Sales with minerals transferred: 75%
Percentage of minerals transferred: 25%__________________________Native rangeland
per animal unitCost ($)
- I I - I
32
Source: Real Estate Center at Texas A&M University
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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/m1/36/?q=%221997~%22&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.