August 24, 2007

Nebraska's farm real estate value rose sharply during 2006, extending a trend that began in 1993, according to USDA's National Agricultural Statistics Service, Nebraska Field Office.

Farm real estate value on January 1, 2007 averaged $1,230 per acre. This is a $140 per acre increase or 13% higher than last year's level. Cropland value increased 12% from last year to $1,890 per acre, with drylandacreage averaging $1,640 per acre and irrigated cropland at $2,400. Pastureland, at $420 peracre, was 14% above a year ago.

Cash rents paid to landlords for cropland increased from last year. Irrigated cropland rentaveraged $139 per acre, up $8, and dryland rents increased $3 to $79 per acre. Pasture rented forcash, which averaged $14.00 per acre, rose $1.50 from 2006.

Find agricultural statistics for your county, state, and the nation at www.nass.usda.gov.