The Land Report

Texas 2018

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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Page 30 of 99

T E X A S 2 0 1 8 | The LandReport 29 LANDREPORT.COM M arfa is more than a trendy town. It has morphed from a pokey c ounty seat into a global brand. Some see it as an art mecca. Others as an international intersection. Think "Last Best Place." This aura has only been enhanced by the movies and TV shows shot there. Yet none of these descriptions accurately convey the coming of age of this small t own with the big vistas. Give Kathleen Shafer credit for dissecting Marfa's rise from the ashes and sharing with readers a cogent explanation of how and why Marfa came to be what it is today. For more than a century, Marfa was the thriving capital of a cattle kingdom t hat spanned hundreds of thousands of acres of Far West Texas. But the gradual fragmentation of the great ranches took its toll, and by the early 1970s, the local economy was on life support. Land values in the Trans-Pecos have skyrocketed. In 1998, the median price for an acre of land was $95. In 2017, that same acre of land was selling for $690. And it sold in parcels that averaged 7,032 acres.

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