Agricultural producers face challenging financial circumstances on their cropland in 2020. While the upcoming production year provides a potentially better outlook, challenges remain for profitability and the health of the operation. This article covers changes in farm real estate markets, updates on Nebraska crop budgets, and resources for addressing financial stress and health.
The 2019 floods and related natural disasters left many landlords and tenants wondering how resulting damages would influence their agricultural properties across Nebraska. This article provides guidance on evaluating damages, considerations for remediating land issues, and natural disaster lease provisions.
Crop producers across Nebraska reported more than 400,000 acres as prevented plant in 2019, ranking 16th nationally. How typical was your county? View county and state numbers from the USDA Farm Service Agency.
Cover crops were planted on almost 750,000 acres in Nebraska in 2017, the last year of the USDA Ag Census. A recent Cornhusker Economics reports cover crop acreage by county as well as how to consider their short-term costs and potential long-term benefits when negotiating crop land leases.
The all-land average value in Nebraska for the year ending February 1, 2019 averaged about 3% lower than the year before, according to the Nebraska Farm Real Estate Market Highlights report released this week. This marks five consecutive years of declining land values, accounting for a total decline of 20%.
Nebraska producers will face challenging margins on crops produced in 2019. This article, part of the 2019 Crop Production Clinic Proceedings, covers current trends in cash rental rates and outlines financial considerations for the upcoming production year.
Real estate appraisers often use one of three methods to value real property: the market or sales comparison approach, the income approach, and the cost approach. In addition, factors other than the prospective income stream can factor into land prices.