West-Northwest 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 175 74 231 105 19 375 324 11 124
1972 210 101 211 19.5% 156 20 226 48.2% 393 20 123 21.3%
1973 240 138 312 14.3% 134 26 822 -14.0% 541 24 157 37.7%
1974 340 101 279 42.0% 194 23 410 44.2% 624 18 163 15.2%
1975 378 193 225 11.1% 279 36 365 44.3% 578 28 148 -7.3%
               
               
1976 397 151 251 5.2% 278 31 450 -0.4% 808 29 118 39.7%
1977 453 121 177 14.1% 248 24 235 -10.8% 757 25 133 -6.2%
1978 515 111 197 13.5% 336 24 262 35.6% 841 24 146 11.0%
1979 625 152 188 21.4% 483 36 210 43.7% 961 32 140 14.3%
1980 612 150 214 -2.1% 432 36 270 -10.7% 1104 28 149 14.8%
               
               
1981 764 131 218 25.0% 487 38 315 12.9% 1390 35 136 26.0%
1982 576 141 237 -24.6% 360 32 398 -26.0% 1057 27 129 -24.0%
1983 593 150 210 3.0% 374 31 267 3.7% 984 36 137 -6.9%
1984 457 156 235 -23.0% 256 41 383 -31.6% 903 34 124 -8.3%
1985 374 223 242 -18.2% 212 55 404 -17.2% 715 59 134 -20.8%
               
               
1986 300 219 244 -19.7% 179 50 368 -15.4% 531 67 149 -25.8%
1987 271 174 220 -9.6% 186 51 243 3.8% 525 33 125 -1.1%
1988 307 166 247 13.3% 183 43 385 -1.9% 543 39 151 3.4%
1989 382 185 195 24.3% 227 39 222 24.6% 630 40 132 15.9%
1990 374 206 213 -2.0% 247 62 251 8.7% 626 39 144 -0.6%
               
               
1991 355 144 207 -5.2% 260 43 201 5.2% 604 24 146 -3.5%
1992 303 211 299 -14.5% 206 75 516 -20.6% 607 35 144 0.5%
1993 334 206 219 10.1% 266 76 269 28.6% 576 28 130 -5.1%
1994 351 209 261 5.1% 246 76 392 -7.2% 602 35 150 4.6%
1995* 219 43 458 -37.4% 175 21 694 -29.1% 388 2 160
               
               
1996* 306 63 372 39.5% 260 30 481 48.7% 708 6 137
1997 345 173 245 12.8% 255 58 309 -1.7% 603 33 149
1998 368 154 235 6.5% 260 42 353 1.7% 577 27 151 -4.3%
1999 351 147 237 -4.6% 275 57 290 5.9% 584 28 135 1.3%
2000 492 197 291 40.3% 416 78 359 51.4% 635 37 154 8.7%
               
               
2001 554 180 211 12.6% 474 45 307 13.7% 707 26 142 11.2%
2002 525 117 201 -5.2% 427 39 237 -9.8% 820 12 211 16.1%
2003 502 148 350 -4.5% 439 58 540 2.7% 604 32 168 -26.4%
2004 600 138 252 19.5% 556 48 277 26.7% 790 16 161 30.7%
2005 688 217 279 14.7% 577 92 386 3.8% 924 32 149 17.0%
               
               
2006 749 139 199 8.9% 688 40 224 19.2% 886 31 143 -4.1%
2007 943 161 212 26.0% 858 50 272 24.6% 1049 34 140 18.4%
2008 1027 182 232 8.9% 935 63 307 9.0% 1129 34 145 7.6%
               
*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.