Nebraska Farm Real Estate

2018-2019 Farm Real Estate Report and Highlights by Region

Visit the 2019 Nebraska Farm Real Estate webpage for the full report, regional data and highlights, and two presentations with author Jim Jansen addressing trends in land values and rental rates. These resources are hosted on the Department of Agricultural Economics website.

Preliminary Report: Average Ag Land Values Drop 3% from a Year Ago

Final Report: Nebraska Farm Real Estate Market Highlights 2018-19 (June 26, 2019).

2017-2018 Farm Real Estate Report

Reports agricultural land values and rental rates for Nebraska as well as changes from a year earlier, based on results from the Nebraska Farm Real Estate Market Survey. The February 2018 survey of nearly 120 expert-panel members from across the state provided current information and insight regarding the agricultural land market conditions in their areas. They also provided details of actual sales transactions over the previous 12 months.

Preliminary Report: The March 14, 2018, Cornhusker Economics, 2018 Trends in Nebraska Farmland Values and Rental Rates.

Final Report: Nebraska Farm Real Estate Market Highlights 2017-18.

2016-2017 Farm Real Estate Report

The Cornhusker Economics for March 15, 2017, Trends in Nebraska Farmland Markets: Declining Agricultural Land Values and Rental Rates, includes a discussion on agland real estate, breakdown of real estate rates by district, and tables of average farmland value and land rental rates by district. The author is Jim Jansen, Nebraska Extension agricultural systems economist.

2015-2016 Preliminary Farm Real Estate Report

Preliminary findings from the University of Nebraska–Lincoln 2016 Nebraska Farm Real Estate Market Survey indicate that as of Feb. 1, 2016, the weighted average farmland value declined by about 4 percent over the prior 12-month period to $3,135 per acre. This decline marks the second consecutive year of lower weighted average farmland values in Nebraska. Read More»

Past Reports

2014-2015 Farm Real Estate Report

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Related Articles

Economics of the Capitalization Rate for Farmland. Links to full article

The Economics of the Capitalization Rate for Farmland

November 7, 2018
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.

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Average value of Nebraska farmland as of February 1, 2018. Links to full article.

2018 Nebraska Farm Real Estate Report

June 22, 2018
Final results from the Nebraska Farm Real Estate Survey show a fourth consecutive year of declining Nebraska agricultural land values. The statewide average value dropped 4% to $2,270 per acre.

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Figure 1. The 2018 statewide average market value of farmland in Nebraska, at $2,745 per acre, declined 3% from a year ago. Average values decreased in all eight districts. (Source: Preliminary report from the 2018 Nebraska Farm Real Estate Market Survey)
Figure 1. The 2018 statewide average market value of farmland in Nebraska, at $2,745 per acre, declined 3% from a year ago. Average values decreased in all eight districts. (Source: Preliminary report from the 2018 Nebraska Farm Real Estate Market Survey)

Nebraska Average Ag Land Value Drops 3% from 2017

March 15, 2018
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.

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Map of Nebraska real estate values
Figure 1. Average value of Nebraska farmland on Feb. 1, 2017 and percent change from one year earlier. (Source: 2017 Nebraska Farm Real Estate Report)

2017 Farm Real Estate Report Details Price Decline

June 30, 2017
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.

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Cropland
Cropland

NE Farm Real Estate Values Down 3 Percent from 2015; Cash Rents Also Down

August 5, 2016
USDA National Agricultural Statistics Service (NASS) reported Aug. 5 that Nebraska farm real estate value, a measure of land and farm building values, decreased approximately 3% from 2015. Cropland decreased 4%. Cash rents for cropland decreased an average $10-$11 per acre.

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