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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

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Oklahoma Land Value Update

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  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

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