USDA: Farm Real Estate Value up Slightly in Nebraska
Nebraska's farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2018, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2019 averaged $2,850 per acre, up $100 per acre (4%) from last year.
Cropland value increased slightly from last year to $4,390 per acre. Dryland cropland value averaged $3,490 per acre, $60 higher than last year. Irrigated cropland value averaged $5,850 per acre, $80 below a year ago. Pastureland, at $1,050 per acre, was $75 higher than the previous year.
Cash rents paid to landlords in 2019 for cropland decreased from last year. Irrigated cropland rent averaged $237 per acre, $1 below last year. Dryland cropland rent averaged $144 per acre, $6 lower than a year earlier. Pasture rented for cash averaged $24.50 per acre, $2 above the previous year.
County-level averages of 2019 cash rents paid to landlords will be released on September 10, 2019 and will be available online through NASS Quick Stats.
Nationally, farm real estate value averaged $3,160 per acre for 2019, up $60 per acre (1.9%) since 2018. The US cropland value averaged $4,100 per acre, an increase of $50 per acre (1.2%) from the previous year. US pasture value averaged $1,400 per acre, up $30 (2.2%) from 2018. Find more in the national report.