Northeast 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 248 35 241 251 22 293 356 2 80
1972 242 64 366 -2.4% 199 41 456 -20.7% 256 4 128 -28.2%
1973 324 149 254 33.8% 297 92 306 49.2% 485 13 115 89.7%
1974 343 175 267 5.9% 308 124 312 3.6% 478 9 89 -1.5%
1975 286 190 274 -16.6% 254 130 330 -17.5% 660 9 84 38.1%
               
               
1976 365 276 198 27.7% 341 195 214 34.2% 672 16 87 1.8%
1977 451 227 146 23.4% 387 146 151 13.6% 841 19 98 25.1%
1978 518 264 177 14.9% 478 177 191 23.5% 812 13 86 -3.5%
1979 589 292 164 13.8% 553 205 169 15.6% 1166 13 123 43.7%
1980 681 291 180 15.6% 606 184 204 9.6% 1181 20 106 1.3%
               
               
1981 734 307 146 7.8% 674 213 141 11.3% 1149 21 133 -2.7%
1982 582 226 186 -20.7% 520 175 197 -22.8% 993 12 90 -13.6%
1983 619 230 173 6.3% 556 177 181 6.9% 1436 18 98 44.6%
1984 610 293 145 -1.5% 585 231 146 5.2% 1368 14 80 -4.8%
1985 484 275 178 -20.6% 428 211 184 -26.8% 822 13 106 -39.9%
               
               
1986 376 287 197 -22.4% 366 210 202 -14.5% 433 17 169 -47.4%
1987 305 334 247 -18.8% 276 266 259 -24.7% 619 20 243 43.1%
1988 313 416 214 2.7% 297 344 216 7.7% 483 16 100 -21.9%
1989 369 446 167 17.6% 350 355 166 18.1% 606 30 131 25.3%
1990 368 428 173 -0.1% 332 331 176 -5.3% 712 23 124 17.5%
               
               
1991 344 474 211 -6.5% 325 377 225 -2.1% 604 18 97 -15.2%
1992 379 493 194 10.0% 364 414 198 12.1% 622 19 174 3.1%
1993 398 522 252 5.1% 392 440 256 7.7% 567 14 91 -8.8%
1994 481 434 163 20.8% 477 360 159 21.7% 909 21 76 60.1%
1995* 335 2 380 335 2 380 0
               
               
1996* 486 9 577 466 5 933 670 2 160
1997 675 80 112 670 64 111 1132 6 91
1998 717 290 141 6.1% 726 244 136 8.3% 904 15 103 -20.1%
1999 665 514 159 -7.1% 654 453 157 -10.0% 1143 12 107 26.4%
2000 915 519 168 37.5% 923 468 170 41.1% 1024 17 102 -10.5%
               
               
2001 804 318 203 -12.1% 802 283 199 -13.0% 864 14 127 -15.6%
2002 940 338 239 16.9% 955 294 234 19.0% 1049 14 168 21.5%
2003 912 376 306 -2.9% 918 337 300 -3.8% 1064 6 76 1.4%
2004 1031 401 193 13.0% 1049 355 177 14.3% 1181 10 184 11.0%
2005 1164 393 243 12.9% 1182 360 246 12.7% 1280 5 194 8.4%
               
               
2006 1271 306 186 9.2% 1268 288 189 7.2% 1309 8 80 2.3%
2007 1471 375 200 15.8% 1525 236 185 20.3% 1518 13 217 15.9%
2008 1481 337 215 0.7% 1504 241 217 -1.4% 1872 9 87 23.4%
               
*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.