Nebraska's farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2017, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2018 averaged $2,850 per acre, down $50 per acre (2%) from last year.

Cropland value decreased slightly from last year to $4,540 per acre. Dryland cropland value averaged $3,550 per acre, unchanged from last year. Irrigated cropland value averaged $6,150 per acre, $30 below a year ago. Pastureland, at a record high $1,010 per acre, was $80 higher than the previous year.

Cash rents paid to landlords in 2018 for cropland were mixed from last year. Irrigated cropland rent averaged $238 per acre, unchanged from last year. Dryland cropland rent
averaged $150 per acre, $1 higher than a year earlier. Pasture rented for cash averaged $22.50 per acre, $2 below the previous year.

A county-level cash rent survey was not conducted by USDA in 2018. NASS will next publish agricultural county-level cash rents data in September 2019. Previously published NASS county cash rent data for 2017 are available at: http:/quickstats.nass.usda.gov/.

View the national publication for this release on farm real estate values and cash rents.

The university's Department of Agricultural Economics also reports annually on ag real estate values and cash rents. See the March 14 Cornhusker Economics for more information on this year's findings.