Rural Land Values in the Southwest: Second Half, 1997 Page: 35
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Texas Land Market Area 8
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 - - - - - -
Noni-rigated cropland - - - - - ..
Improved pasture - - - - - - -
Native rangeland 40 60 100 10,000 - 0 0 -
Urban fringe - - - _ -
Orchard or vineyard - - - - - _
Timberland - - . - _
Sales with minerals transferred: - %
Percentage of minerals transferred: - %
Native rangeland Cost ($)
p-r animal unit - --
Texas Land Market Area 9
Fall 1997 Median Fall 1998 Annual
Price per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low Averae High (acres) (%) Sale Sold ($)
Irrigated cropland 525 675 900 310 0 15 10 45
Nonir-igated cropland 275 350 500 320 5 18 7 49
Improved pasture 238 288 313 480 8 15 10 8
Native rangeland 220 258 325 1,800 8 20 15 8
Urbar fringe 750 1,125 1,500 75 0
Orchard or vineyard - - - - _
Timberland - - - -
Sales with minerals transferred: 75%
Percenitage of minerals transferred: 25%Native rangeland
per animal unitCost ($)
1 7,200 1
- 1 7,150 1
35
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/m1/39/?q=%221997~%22: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.