A Look at the Value of Texas Land – Texas REALTORS®-2021十大正规彩票app

November 01, 2018

The U.S. Department of Agriculture’s Land Values 2018 Summary was released in August and shows gains in the value of Texas land.

Average Texas farm real estate value

$2,280 per acre
9.1% increase from 2017

The USDA defines farm real estate value as the value of all land and buildings used for agricultural production—including dwellings—that could be sold under current market conditions.

The Southern Plains Region, defined as Texas and Oklahoma, reported the highest increase in farm real estate value for the year.

Average Texas cropland value

$2,100 per acre
4.5% increase from 2017

The USDA defines cropland value as the value of land used to grow field crops, vegetables, or land harvested for hay.

Average Texas pasture value

$1,750 per acre
9.1% increase from 2017

The USDA defines pasture, grazing, and grassland value as the value of land that is normally grazed by livestock, but doesn’t need to have livestock grazing on it at the time of assessment to be valued as such land.

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