USDA NASS: Farm Real Estate Values and Cash Rent
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/.
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.