Jim Jansen is an agricultural economist with the Eastern Nebraska Research and Extension Center. His current outreach efforts focus on farm management and land economics. He conducts the annual UNL Nebraska Farm Real Estate Report and serves as a member of
the extension team providing risk management outreach.
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.
How are landlords and tenants managing the costs for irrigation systems as part of their cash lease arrangements? Using data from the 2017-2018 Nebraska Farm Real Estate Survey, ag economists explore the options and discounts reported in this Cornhusker Economics.
The average market value of Nebraska agricultural land declined by 3% over the prior year to $2,745 per acre, according to a preliminary report of of the 2018 Nebraska Farm Real Estate Market Survey. Market values have dropped 17% since reaching a high of $3,315 in 2014.
The 2017 Nebraska Farm Real Estate Report released today estimates total value of agricultural land and buildings in Nebraska fell to approximately $127.7 billion, down $5.6 billion from 2016. In the all-land category the state ag real estate average value was $2,820 per acre or about 9% less than the prior year’s value.
Preliminary findings from the 2017 Nebraska Farm Real Estate Market Survey conducted by the University of Nebraska–Lincoln indicate that as of February 1, 2017, farmland values declined by about 10% over the prior 12-month period to $2,805 per acre. This marks the third consecutive year of decline. Farmland value peaked in 2014 at $3,315 per acre.