This page provides information about the values of agricultural land in Oklahoma including comparisons, averages and changes over time. All information displayed is based on actual land sale data provided by the Farm Credit Associations of Oklahoma. Approximately 68,000 sales in the database occurred from 1971 through 2023. Note that this is not a comprehensive database of all agricultural land transactions whether they were via public auction or private treaty. The percentage of all transactions captured will vary regionally and annually. Therefore, the land values offered here are a market-based estimate based on a sample of land sales over any given time period.

 

Only tracts 40 acres in size or larger selling up to $3,000 per acre are included in the averages through 2007. Beginning in 2008 and once again in 2021, the market ceiling was increased to $6000 and $9000, respectively.  This reflects a higher Oklahoma agricultural real estate market over time. Per acre values shown for cropland and pasture are the averages of tracts having 85%+ cropland and pasture utilization. Because of unavoidable data collection difficulties, relatively less land sale data is available for 1995 and 1996. As a result, caution is advised when analyzing land patterns and trends during this timeframe.  

 

Every attempt has been made to present information that is useful and interesting while also providing a realistic measure of general trends and patterns. Information is summarized in several different ways according to the links shown. There are statewide statistics, regional comparisons, and county summaries. All information is presented in chart and/or tabular form.  

 

Oklahoma is diverse in land resource characteristics and numerous farm/non-farm factors play a role in market transactions. Although market values can be segmented down to the county level, the information shown may not adequately reflect local conditions within any given geographic area. Differences in values can be rather extreme in any given location. Should one need information down to a specific parcel, we strongly recommend they seek out the services of a certified agricultural appraiser and/or a professional farm management firm.  

 

As you review this website, if there is a suggestion for alternative ways to present the information, please let us know.

 

Thanks and appreciation goes to the Farm Credit Associations of Oklahoma and the Oklahoma Chapter of ASFMRA for their support of the Oklahoma State University Agricultural Economics Department.