NASS: Nebraska Farm Real Estate Values Decline

Aug. 5, 2015

Nebraska's farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2014, according to an Aug. 5 release from USDA's National Agricultural Statistics Service. Farm real estate value for 2015 averaged $3,050 per acre. This is down $70 per acre or 2% lower than last year. Cropland value declined 2% from last year to $5,070 per acre.

• Dryland cropland value averaged $3,970 per acre, down $30 from last year.
• Irrigated cropland value averaged $6,870 per acre, down $230 from a year ago.
• Pastureland, at $870 per acre, declined $30 from a year ago.

State-level cash rents paid to landlords in 2015 for cropland were mixed from last year.

• Irrigated cropland rent averaged $254 per acre, a decrease of $8 from last year.
• Dryland cropland rent averaged $160 per acre, up $11 from a year earlier.
• Pasture rented for cash averaged $28.50 per acre, up $8 from the previous year.

A county-level cash rent survey was not conducted in 2015. NASS will next publish agricultural county-level cash rents data in September 2016. Previously published county cash rent data for 2014 are available online.

National Ag Land Value Highlights

The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,020 per acre for 2015, up 2.4% from 2014 values. Regional changes in the average value of farm real estate ranged from a 6.1% increase in the Southern Plains region to 0.3% decrease in the Corn Belt region.

The highest farm real estate values were in the Corn Belt region at $6,350 per acre. The Mountain region had the lowest farm real estate value at $1,100 per acre.

US cropland value increased by $30 per acre (0.7%) to $4,130 per acre from the previous year. In the Southern Plains region, the average cropland value increased 9.2% from the previous year. However, in the Corn Belt region, cropland values decreased by 2.3%.

US pasture value increased to $1,330 per acre, or 2.3% above 2014. The Southeast region was unchanged from 2014. The Lake States region had the highest increase at 15.4%

For more information see the Land Values 2015 Summary, published by USDA National Agriucltural Statistics Service.