Panhandle 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 148 16 313 86 3 467 174 12 281
1972 131 42 364 -11.5% 83 5 864 -3.3% 183 23 275 5.3%
1973
1974 164 28 461 100 7 1094 272 17 215
1975 271 49 303 64.9% 204 8 235 363 30 239 33.6%
               
               
1976 268 37 355 -1.3% 113 2 160 379 25 237 4.4%
1977 256 29 408 -4.6% 158 6 843 390 17 259 2.8%
1978 260 30 537 1.7% 204 4 2796 29.6% 409 20 190 5.0%
1979 316 65 514 21.4% 240 15 1287 17.4% 448 38 236 9.5%
1980 397 53 258 25.8% 228 6 293 -5.0% 466 38 227 4.0%
               
               
1981 396 70 253 -0.4% 435 7 329 90.9% 396 57 249 -15.0%
1982 321 64 280 -18.9% 190 15 237 -56.3% 365 37 301 -7.7%
1983 248 79 655 -22.8% 207 16 2163 9.2% 379 46 238 3.7%
1984 327 83 309 32.1% 184 12 380 -11.5% 416 59 241 9.7%
1985 273 106 343 -16.6% 194 22 335 5.7% 310 60 341 -25.5%
               
               
1986 213 100 446 -22.1% 123 23 1005 -36.7% 368 55 251 18.9%
1987 239 79 261 12.3% 191 22 233 55.3% 308 41 198 -16.4%
1988 193 101 443 -19.2% 152 25 545 -20.5% 341 49 197 10.6%
1989 201 98 459 4.4% 128 30 923 -15.7% 355 44 235 4.2%
1990 213 104 430 5.8% 155 42 735 21.2% 370 46 218 4.3%
               
               
1991 233 87 400 9.5% 167 25 777 7.7% 345 43 259 -6.7%
1992 229 146 325 -1.9% 169 62 453 1.4% 352 58 217 1.8%
1993 262 137 236 14.7% 196 48 289 15.9% 344 64 186 -2.2%
1994 282 110 292 7.7% 208 36 374 5.9% 375 56 234 9.0%
1995* 354 50 312 25.4% 235 6 227 12.9% 398 39 296 6.2%
               
               
1996* 251 59 304 -29.1% 167 16 427 -29.0% 348 26 264 -12.5%
1997 276 85 324 10.0% 132 14 490 -20.9% 380 47 253 9.1%
1998 294 73 243 6.6% 165 17 179 24.9% 346 40 213 -9.0%
1999 316 73 266 7.4% 180 14 246 9.3% 371 43 235 7.3%
2000 325 72 291 2.7% 219 23 344 21.7% 406 36 234 9.5%
               
               
2001 312 65 347 -4.0% 261 19 405 19.2% 366 30 285 -10.0%
2002 349 39 374 11.8% 211 10 768 -19.1% 375 21 219 2.7%
2003 339 42 382 -2.8% 265 7 855 25.2% 357 24 273 -5.0%
2004* 367 24 260 8.3% 390 7 148 47.5% 352 9 227 -1.3%
2005* 277 6 327 -24.5% 310 4 130 -20.5% 1
               
               
2006* 309 26 284 11.5% 241 8 225 -22.2% 386 10 205
2007 408 81 279 31.9% 317 14 219 31.4% 455 48 272 17.9%
2008 517 35 258 26.7% 447 14 284 40.7% 580 17 228 27.6%
               
*Caution is advised when analyzing average annual land value patterns and trends during 1995-1996 and 2004-2006 due to minimal sales data available. Individual sale reports are omitted.