The new Texas Land Trends report Status Update and Trends of Texas Working Lands 1997–2017, produced by NRI, has now been published. Land-trends reports have informed private and public landowners and decision-makers for more than two decades.
“With this report, we are able to examine new patterns and identify trends following the release of the Census of Agriculture datasets by the U.S. Department of Agriculture National Agricultural Statistics Service,” said Roel Lopez, Ph.D., director of the NRI. This most recent report is the fifth iteration and specifically describes the status and recent changes in land values, ownership size and land use of privately-owned Texas working lands.”
Lopez said some highlights of the report relate to the areas of population growth, changing land values, ownership size and working lands.
Texas contains seven of the top 15 most rapidly growing cities in the nation. From 1997 to 2017, the Texas population increased 48% from 19 million to 29 million residents or nearly 470,000 new residents annually. Eighty-six percent of the population increase occurred within the state’s top 25 highest growth counties.
As with previous land-trend reports, the largest increases in land values were observed in proximity to major metropolitan areas. The average appraised market value of Texas working lands was $1,951/acre in 2017, a 24% increase from 2012 and 291% increase for the 20-year period.
Texas gained approximately 1,000 new working farms and ranches per year from 1997 to 2017, totaling greater than 248,000 ownerships in all. Average ownership size declined from 581 acres in 1997 to 509 acres in 2017. Small farms and ranches of less than 100 acres in size represented 58% of all ownerships but only accounted for 4% of the land devoted to working lands.
From 1997 to 2017, Texas lost approximately 2.2 million acres of working lands by way of those lands being converted to non-agricultural uses. There was a decline of nearly 1.2 million acres as a result of this conversion the last 5-year period alone. Accounting for the majority of working lands in the state, grazing lands have been steadily decreasing since 1997, losing and/or converting roughly 4.6 million acres to other land uses over the 20-year period. Wildlife management acres have significantly increased in recent years, now totaling approximately 5.4 million acres from about 94,000 in 1997.
“The report shows as Texas continues to grow in population and economy, the demand for rural land, especially in areas surrounding major urban centers and transportation corridors, will continue to increase and have long-term impacts on working lands,” Lopez said. “Lands across the state are following much of the same trends in ownership fragmentation and conversion in the last five-year period as have been observed in previous years since 1997.”
Read more from Texas A&M Natural Resources Institute here.