1 / 14

Oklahoma Land Value Update

Oklahoma Land Value Update. Roger Sahs, Extension Specialist, Ag Econ. West-Northwest Tracts 142 Size 275 $/Acre $1226 % Chg +25.5. North Central Tracts 124 Size 140 $/Acre $1403 % Chg +14.3. Northeast Tracts 241

loman
Download Presentation

Oklahoma Land Value Update

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Oklahoma Land Value Update Roger Sahs, Extension Specialist, Ag Econ.

  2. West-Northwest Tracts 142 Size 275 $/Acre $1226 • % Chg +25.5 North Central Tracts 124 Size 140 $/Acre $1403 • % Chg +14.3 Northeast Tracts 241 Size 191 $/Acre $1578 • % Chg +2.8 East-Northeast Tracts 55 Size 123 $/Acre $1816 • % Chg +4.2 Panhandle Tracts 26 Size 522 $/Acre $662 % Chg +15.8 Southeast Tracts 184 Size 212 $/Acre $1468 • % Chg +5.3 State Averages Tracts 1052 Size 207 $/Acre $1383 % Chg +7.3 Southwest Tracts 192 Size 215 $/Acre $1040 • % Chg +5.1 South Central Tracts 88 Size 167 $/Acre $1588 • % Chg +11.9 OK Land Values by Region, 2011

  3. Recent Trends in Oklahoma Land Values Source: www.agecon.okstate.edu/oklandvalues

  4. Oklahoma Cropland vs Pastureland Prices Source: www.agecon.okstate.edu/oklandvalues

  5. Survey of Tenth District Ag Credit Conditions Source: KC Federal Reserve Bank, First Quarter, 2012

  6. 1973-1975 Average Value Tracts >= 40 Acres and <= $3000/Acre Source: www.agecon.okstate.edu/oklandvalues

  7. 2009-2011 Average Value Tracts >= 40 Acres and <= $3000/Acre Source: www.agecon.okstate.edu/oklandvalues

  8. OK Counties with Largest Percentage Increase in Land Values Source: www.agecon.okstate.edu/oklandvalues

  9. OK Counties with Smallest Percentage Increase in Land Values Source: www.agecon.okstate.edu/oklandvalues

  10. Land prices going ahead… • Changes in the environment • Farm Bill • Domestic economy • Global economy • Elections/policy • Interest rates • Recreational uses • Wildlife habitat, wildlife population • Development uses • Population growth • Per capita income • Agriculture • Input prices • Cattle, wheat/feedgrain prices • Yields • Efficiency, productivity • Continued drought

  11. Source: KC Federal Reserve Bank, Second Quarter, 2012

  12. www.agecon.okstate.edu/oklandvalues

  13. Resources • Agecon.okstate.edu/oklandvalues • Kansas City Federal Reserve Bank • http://www.kc.frb.org/ • Choose RESEARCH & DATA, then Economic Review or Agricultural Credit Survey • USDA Ag Land Value Data and Reports • http://www.nass.usda.gov/Charts_and_Maps/Land_Values_and_Cash_Rents/index.asp

More Related