Big Bend Texas
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- Mar 14, 2022
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Not a very good way to measure it since GDP is based on concentrating wealth.Compare the GDP of those cities vs. the state in aggregate, and it will answer your question.
Farmland will never be worth what a lot in a good part of town is in a big city.
The people that own the farms and ranches and lands that produce your oil and gas aren't the one's making the big money off of those commodities. The big money made off of them is made by those who turn them into value added products and deliver them to consumers.
A farmer/rancher buys everything retail and sells all he produces at wholesale. It's basically upside down. The same is true if you have gas or oil production on your property.
The big money is made starting at the refinery level and finally at the retail level.