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Agricultural Economics

Decision Making at Work for Nebraska

Nebraska Farm Real Estate 

 

Nebraska Agricultural Land Markets Highlights
by Bruce Johnson, Tyler Rosener, and Sara Van Newkirk
June 13, 2011

  • Recent conditions of high crop commodity prices and record-level farm incomes propelled the state’s agricultural land values upward an average of 22% for the year ending February 1, 2011 
  • The 2011 current all-land average of $1,833 per acre is double the all-land average from just six years previously in 2006.
  • Besides being an all-time high in nominal dollars, the current all-land average value represents a new high in real (inflation-adjusted) dollars as well—exceeding the previous high set in 1981.
  • While all land classes of farmland posted large percentage gains over the year, the cropland classes showed the strongest gains.
  • Sub-state regional differences in value advances over the past year are noteworthy. The Northeast, Central, and South Districts all saw overall gains of about 25%.
  • For the first time in the UNL land value series, a land class in a sub-state district exceeded an average value of $6,000 per acre (center pivot cropland in the East District).

2010-2011 Nebraska Farm Real Estate Market Development Report

 

Farm Real Estate Report

The following Tables can be found in the Appendix, but are listed here for convenience.

Related Publications

Tools and Related Information

Past Farm Real Estate Reports

 

For more information or paper copies contact:
Agricultural Economics Department
University of Nebraska-Lincoln 
314 FYH
Lincoln, NE 68583-0922 
(402) 472-6251 

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