Rural Land Values in the Southwest: First Half, 1996 Page: FOREWARD
52 p. : ill., maps ; 28 cm.View a full description of this report.
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Preface
This analysis contains estimated values and trends reported by informed observers of the
Arizona, New Mexico, Oklahoma and Texas land markets. Panelists were chosen for their
knowledge of local markets and their willingness to contribute information. Consequently,
sample sizes for the summarized statistics are limited and do not allow statistical testing.
Although the results do indicate general current market conditions, they do not represent long-
run values or trends for any particular farm or ranch.
Appendix B is a table of median responses for each region where panelists provided esti-
mates. The median is the middle price in a ranked list of prices. Medians are not unduly
influenced by extremely high or low prices. Therefore, a median supplies a stable estimate of
typical market prices.
To allow timely and accurate reports, both the number of respondents and follow-up con-
tacts in each area are limited. Some panelists may not be able to provide information for every
survey. For this reason, some areas may not appear in the regional analyses of every report.
The lack of information for each region can cause large swings in state-wide median values.
Therefore, large changes in state-wide values from one year to the next may not indicate real
market-wide trends.
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Gilliland, Charles E. & Semien, Anthony. Rural Land Values in the Southwest: First Half, 1996, report, May 1997; College Station, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1586954/m1/4/: accessed June 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.