Land Values

Texas Dryland Cropland Averages $1,956 an Acre Statewide

The value of Texas dryland cropland rose 6% for the year ended in June, according to the Federal Reserve Bank of Dallas. The bank serves all of Texas, southern New Mexico and northern Louisiana. Dryland cropland rose 5.9% across the entire bank district while the value of irrigated cropland gained 5.1% and ranchland increased 5.3% across the district. The bank says Texas dryland cropland averages $1,956 an acre statewide; irrigated Texas cropland averages $2,068, up 4.2%; and Texas ranchland averages $1,803 an acre, up 5.6% versus a year earlier.  See the numbers here… LandOwner Newsletter 7-2014 Courtesy of LandOwner Newsletter a publication …

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15 Questions to Ask Before Purchasing Farmland

Before purchasing farmland read this great article from AgWeb.com….by John Blanchfield and the American Bankers Association’s Agricultural and Rural Bankers Committee (reprinted from AgWeb.com) “Rising crop and livestock prices have generated significant profits for many farmers, which some are using to buy additional land. The increased demand has driven land values to record highs in some areas. The American Bankers Association’s Agricultural and Rural Bankers Committee, which is comprised of leading agricultural bankers in the country, has developed these recommendations for buying farmland.”  Click here to see the rest of this article.

2013 Showed Increase in Land Sales

According to information supplied by the National Association of Realtors through the Realtor Land Institute, “the volume of land sold increased between 2010 through 2013 from $4,031,200,331 to $16,505,762,861,”