Progress Report 1389. It was published by the Texas A&M College System's Texas Agricultural Experiment Station, for which R. D. Louis is Director; John H. Southern and Joe R. Motheral are authors of the report. Subjects discussed include farm and land prices from the previous year; land sales in sample counties; information about "owner-operators", cash sales, and mortgage credit; the "veterans land program"; and factors of the previous year's land market.