University of Nebraska-Lincoln Extension, Institute of Agriculture and Natural Resources

August 11, 2006

Nebraska farm real estate value and cash rents higher

Nebraska’s farm real estate value rose sharply during 2005, extending a trend that began in 1993, according to USDA’s National Agricultural Statistics Service, Nebraska Field Office.

Farm real estate value on Jan. 1, 2006 averaged $1,090 per acre. This is a $150 per acre increase or 16% high than last year’s level.

“Over the last 10 years, we have seen farm real estate value per acre in Nebraska increase over 75%, resulting in a current total value of Nebraska farm real estate near 50 billion dollars,” said Mark Harris, director of Nebraska Agricultural Statistics.

Cropland value increased 15% from last year to $1,690 per acre, with dryland acreage averaging $1,450 per acre and irrigated cropland at $2,150. Pastureland, at $360 per acre, was 13% above a year ago.

Cash rents paid to landlords for cropland increased from last year. Irrigated cropland rent averaged $131 per acre, up $4, and dryland rents increased $4 to $76 per acre. Pasture rented for cash, which averaged $12.50 per acre, rose $0.50 from 2005.

NASS News Release

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Copyright 2006 by the University of Nebraska Board of Regents. All rights reserved.
Published by University of Nebraska-Lincoln Extension in the Institute of Agriculture and Natural Resources Cooperating with the counties and the U.S. Department of Agriculture.
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