The 1940 Oklahoma A&M Cowboys football team represented Oklahoma A&M College in the 1940 college football season. This was the 40th year of football at A&M and the second under Jim Lookabaugh. The Cowboys played their home games at Lewis Field in Stillwater, Oklahoma. They finished the season 6–3–1, 4–1 in the Missouri Valley Conference.
Oklahoma A&M was ranked at No. 80 (out of 697 college football teams) in the final rankings under the Litkenhous Difference by Score system for 1940.
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