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 2023 report was just released in April 2024.  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 from Dr. Charles Gilliland and Dr. Lynn Krebs looking at the Texas land market developments.  Not surprisingly, they begin by noting that sales activity has decreased dramatically in the last 18 months, reaching levels not seen since 2013.  The article then focuses specifically on conditions in each of the seven regions of 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.

Here is an example of the data collected for each sub-region.  This information is for Region 7, the Central Basin sub-region, which includes McCulloch, San Saba, Mills, Hamilton, Lampasas, and Llano 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.]