Each year, the Texas Chapter of the American Society of Farm Managers and Rural Appraisers publishes a Rural Land Value Trends report.  This is one of the best documents available for those interested in the sales value and lease value of rural lands in Texas.  It is also the only publication of which I am aware that provides information on the value of hunting leases.

The 2024 report was just released last week.  Click here to download.

This report breaks Texas into seven regions and then each region is broken into smaller sub-regions.

The report begins with an article by Dr. Lynn Krebs looking at the Texas land market developments. The article reports that the rural Texas land market showed signs of stabilization in 2024. The article then focuses specifically on conditions in each of the seven regions of Texas reporting on the “tremendous strength” of prices in the Panhandle and South Plains, the weak demand for large tracts in far West Texas, and declining prices in South Texas.

Next, the report offers information regarding land prices and leasing rates for various types of property from irrigated cropland to rangeland to CRP land to timberland to hunting leases across the state.

Here is an example of the data collected for Region 7, the Western Hill Country sub-region, which includes Menard, Mason, and Kimble counties.  Similar information is available for every region in Texas.

With the wealth of information available from the articles and data in this publication, it is well worth taking the time to review.  [Click here to download.]