1. Roger Sahs, Extension Specialist
Oklahoma Agricultural Land Value Update
Roger Sahs, Extension Specialist
OSU Department of Agricultural Economics

2. OK Land Values by Region, 2015*
Panhandle
Tracts
Size
$/Acre $1067
% Chg
West-Northwest
Tracts
Size
$/Acre $1,622
% Chg
North Central
Tracts
Size
$/Acre $2,147
% Chg
Northeast
Tracts
Size
$/Acre $2,053
% Chg +7.5
East-Northeast
Tracts
Size
$/Acre $2,167
% Chg
State Averages
Tracts ,335
Size
$/Acre $1,907
% Chg
Southeast
Tracts
Size
$/Acre $1,884
% Chg
Southwest
Tracts
Size
$/Acre $1,453
% Chg
South Central
Tracts
Size
$/Acre $2,187
% Chg
*Tracts >= 40 Acres and <= $6000/Acre

3. Recent Trends in Oklahoma Land Values
District
2015
One Year Change
Annual Avg
Annual Avg
$/ac
Percent Change
Panhandle
1,067
25.7
10.6
17.3
West-NW
1,622
2.2
7.9
12.5
Southwest
1,453
17.6
8.0
9.4
N Central
2,147
-3.6
11.2
12.4
S Central
2,187
6.3
13.0
9.5
Northeast
2,053
7.5
8.5
5.5
East-NE
2,167
-2.5
6.2
4.9
Southeast
1,715
9.9
7.3
6.9
Cropland
2,059
4.7
10.5
14.0
Pasture
1,936
5.1
9.3
All tracts
1,907
10.0
8.7
Source:

4. Oklahoma Cropland vs Pastureland Prices*
Upward but not steady climb in values.
“Boom to Bust” was over 30 years ago.
Major increase in values in recent years especially cropland. Has cropland peaked? Only time will tell…..
*Cropland and pasture tracts defined as having 85%+ cropland and pasture utilization, respectively.
Source:

5. Source: www.agecon.okstate.edu/oklandvalues
Average Value
Tracts >= 40 Acres and <= $3000/Acre
Top 10 1
Oklahoma 6
Adair 2
Rogers 7
Washington 3
Cleveland 8
Ottawa 4
Wagoner 9
Mayes 5
Delaware 10
Love
Source:

6. Source: www.agecon.okstate.edu/oklandvalues
Top 10 1
Oklahoma 6
Canadian 2
Payne 7
Rogers 3
Washington 8
Carter 4
Wagoner 9
McClain 5
Cleveland 10
Mayes
Average Value
Tracts >= 40 Acres and <= $6000/Acre
Source:

7. Source: www.agecon.okstate.edu/oklandvalues

8. Source: www.agecon.okstate.edu/oklandvalues

9. Key land drivers looking ahead…
Commodity prices and resulting farm income
Interest rate levels
Financial health of current buyers

11. Agricultural Interest Rates in Oklahoma
Source: KC Federal Reserve Bank, August 2016

12. Debt levels are still low, however…

13. Oklahoma Farmland Values Appear to be Weakening

15. Other Resources Kansas City Federal Reserve Bank
Choose Ag in Economy section, then Current Survey
USDA Ag Land Value Data and Reports
Choose Economics and Prices Link, then Agricultural Land Values in Reports section

16. Don’t have a bad day. Stay on top of your finances and have a risk mgt
Don’t have a bad day! Stay on top of your finances and have a risk mgt. plan in place.

17. Questions??
Roger Sahs
520 Ag Hall
405/