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 of ProFarmer.com

 

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