Central-North Central Oklahoma Agricultural Land Values

Tracts>40 Acres Selling for <=$3,000/Acre

Annual Average
 
 
 
AV=Average Value/A, $
N=Sales, number
AS=Average Size, acres
YC=Yearly Change, %
  
 
       
Year All Sales Tracts 85%+ Pasture Tracts 85%+ Cropland
                         
  AV N AS YC AV N AS YC AV N AS YC
                         
               
               
1971 306 144 146 244 19 112 386 34 130
1972 349 143 159 14.0% 243 13 204 -0.3% 456 35 129 18.1%
1973 414 151 161 18.8% 283 15 202 16.6% 544 36 139 19.5%
1974 586 248 155 41.5% 412 53 142 45.2% 830 56 123 52.4%
1975 640 278 149 9.2% 385 53 155 -6.5% 931 79 124 12.2%
               
               
1976 694 249 146 8.4% 455 44 149 18.3% 971 66 117 4.2%
1977 714 228 142 2.9% 552 48 151 21.2% 922 66 132 -5.0%
1978 796 247 133 11.4% 647 71 125 17.2% 1050 57 121 13.9%
1979 941 282 146 18.3% 862 82 128 33.2% 1096 46 126 4.3%
1980 1054 233 142 11.9% 996 106 133 15.6% 1389 22 116 26.8%
               
               
1981 1183 201 155 12.3% 875 44 128 -12.2% 1634 56 134 17.7%
1982 1133 221 141 -4.2% 700 39 144 -20.0% 1484 78 130 -9.2%
1983 993 177 160 -12.4% 599 31 171 -14.3% 1358 64 143 -8.4%
1984 813 241 168 -18.2% 546 36 273 -8.8% 1120 82 130 -17.6%
1985 657 301 159 -19.2% 491 60 231 -10.1% 875 107 122 -21.9%
               
               
1986 498 322 157 -24.1% 415 77 149 -15.5% 624 122 136 -28.7%
1987 462 304 141 -7.3% 398 60 118 -4.1% 573 102 130 -8.3%
1988 426 288 161 -7.6% 342 53 154 -14.1% 555 107 126 -3.0%
1989 497 302 154 16.5% 341 53 173 -0.3% 734 84 136 32.2%
1990 559 329 155 12.5% 388 68 183 13.8% 725 100 134 -1.2%
               
               
1991 481 305 151 -13.9% 369 86 153 -4.7% 629 82 140 -13.3%
1992 501 283 142 4.1% 406 70 146 10.0% 636 79 120 1.2%
1993 574 264 155 14.5% 502 60 143 23.4% 720 73 148 13.3%
1994 523 246 149 -8.8% 414 57 164 -17.4% 629 63 126 -12.7%
1995* 522 22 152 -0.3% 630 4 130 620 5 166 -1.4%
               
               
1996* 618 48 150 18.5% 1057 2 149 705 17 125 13.6%
1997 473 245 242 -23.5% 372 57 534 749 75 135 6.3%
1998 593 258 164 25.3% 527 74 176 41.7% 750 70 136 0.1%
1999 589 397 179 -0.6% 549 129 233 4.2% 701 110 133 -6.6%
2000 705 444 143 19.8% 772 133 128 40.5% 701 117 127 0.0%
               
               
2001 740 359 146 5.0% 934 86 128 21.0% 750 115 145 7.0%
2002 839 236 147 13.2% 1133 67 134 21.3% 763 66 137 1.8%
2003 878 306 133 4.7% 1128 71 114 -0.4% 852 102 126 11.7%
2004 985 307 142 12.1% 1083 116 162 -4.1% 1009 70 120 18.4%
2005 1038 251 137 5.4% 1153 90 118 6.5% 1023 53 139 1.4%
               
               
2006 1119 259 158 7.8% 1376 81 142 19.4% 1044 76 150 2.1%
2007 1127 238 150 0.7% 1206 62 168 -12.4% 961 58 132 -8.0%
2008 1243 206 140 10.3% 1364 40 122 13.1% 1328 69 145 38.3%
               
*Caution is advised when analyzing average annual land value patterns and trends during 1995 and 1996 due to minimal sales data available. Individual sale reports are omitted.