Rural Land Values in the Southwest: First Half 1999 Page: 11
43 p. : ill. maps ; 28 cm.View a full description of this report.
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both rent for agricultural uses plus any revenue
from hunting leases. Few areas throughout the
Southwest have active cash rental markets.Therefore, information in this column is often
sketchy. However, it provides a valuable guide
where information is available.Arizona
Spring 1999 Median Spring 2000 Annual
Price Per Acre Projected Change in Annual
($) Typical Change Number (%) Cash Rent
Size in Value For Per Acre
Rural Land Low ra High (acres) (%) Sale Sold ($)
Irrigated cropland 1,200 2,250 3,500 240 5 10 9 115
Nonirrigated cropland - - - - - - - -
Improved pasture - - - - - - - -
Native rangeland 85 100 300 640 2 5 2 -
Per animal unit 1,500 2,000 4,500
Urban fringe 3,750 5,500 7,500 160 8
Orchard or vineyard 4,250 6,500 9,000 100 0 5 5
Timberland - - - - -.
Sales with minerals transferred: 50%
Percentage of minerals transferred: 57%
New Mexico
Spring 1999 Median Spring 2000 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 1,550 3,300 4,250 80 0 5 13 163
Nonirrigated cropland 200 250 400 200 0 30 70 -
Improved pasture - - - 640 - 10 10 -
Native rangeland 45 80 110 3,000 0 5 50 3
Per animal unit 3,000 3,550 4,000
Urban fringe 1,500 4,750 5,000 9 0
Orchard or vineyard 7,000 11,000 11,500 35 3 3 50
Timberland - - - - - - -
Sales with minerals transferred: 11%
Percentga:e of minerals transferred: 25%Source: Real Estate Center at Texas A&M University
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Gilliland, Charles E. & Harris, John. Rural Land Values in the Southwest: First Half 1999, report, September 1999; College Station, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1586961/m1/15/: accessed August 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.