Nebraska Farm Real Estate

Nebraska Farmland Values Soar
by Bruce Johnson
March 8, 2012

The 2012 UNL Nebraska Farm Real Estate Survey confirms what most people close to agriculture already knew – agricultural land values across the state have shot upward in recent months. Preliminary survey results show the state’s all-land average value as of February 1, 2012 to be at $2,410 per acre, 31 percent above the year-earlier level (Figure 1 and Table 1, on following pages). The annual gain, in both dollar amount and percentage, is the largest ever recorded in the 34-year history of the UNL land market survey series.

2011-2012 Nebraska Farm Real Estate Market Development Preliminary Results

Supply Side of Agricultural Markets

Farm Real Estate Report

• 2010-2011 Nebraska Farm Real Estate Market Development Highlights by Bruce Johnson, Sara Van Newkirk and Tyler Rosener

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

• Average Reported Value of Nebraska Farmland by Type of Land (1978-present)--Appendix Table 4
• Farm Real Estate Values in Nebraska, USDA Historical Series (1860-present)--Appendix Table 1
• Historical Average Cash Rental Rates of Nebraska Farmland by Type of Land (1981-present)--Appendix Table 6

Related Publications

• The 2012 Nebraska Land Market Highlights by Bruce Johnson (presented to UNL Extension Educators 5-3-12_
• The 2012 Nebraska Land Market: A Preliminary Report by Bruce Johnson (presented to Nebraska Farm Business, Inc. 3-14-12)
• The Value of Water in Agriculture Land Markets: The Nebraska Case by Chris Thompson and Bruce Johnson, presented to the Nebraska Chapter of Farm Managers and Rural Appraisers on 2-16-12
• The Scope of Nebraska Agricultural Assets: Implications for Business Transition
• A Study of Returns to Agricultural Land Classes in Nebraska in Relation to Assessed Values
• Cash Leasing with Integrity by Bruce Johnson (3-9-11)
• Nebraska's Agricultural Land Markets in 2011 by Bruce Johnson (updated 9-27-11)
• Understanding the Value of Water in Nebraska: Future Expectations and Considerations by Ray Supalla and Chris Thompson (12-15-10)
• A Thin Real Estate Market Becomes Even Leaner by Bruce Johnson (9-8-10)
• Nebraska’s Virtual Corn Suitability Rating by Bruce Johnson and Tyler Rosener (6-10-10)
• Agricultural Property and Property Taxation by Bruce Johnson (9-9-09)
• Nebraska Leads in Irrigated Land by Bruce Johnson and Ryan Lukassen (6-10-09)
• Has the Ethanol Industry Impacted Nebraska Land Values? Ben Blomendahl and Bruce Johnson (4-8-09)
  

Tools and Related Information

• Agricultural Real Estate and The Property Tax Dilemma (presented to ASFMRA, February 2011, Updated 4/11)
• 2011 County- Level Cash Rents (Source: Nebraska Agricultural Statistics Service, USDA)
• Agricultural Land Values and Rents in Turbulent Economic Times
• Farm Lease Calculator (Excel file)
• Flex Cash Lease Calculator (Excel file)
• Flexible Cash Leasing of Cropland by Tim Lemmons
• Farm Lease Types and Options for Renegotiation or Termination by David Aiken
• Farm Real Estate Ownership Transfer Patterns
• Irrigation Cost Analysis by Tom Dorn
  Description
  IRRIGCOST (Excel file)
• Irrigation Fact Sheet *NEW*
• Landowner Wind Energy Associations by J. David Aiken (1-21-09)
• Lincoln Metropolitan Area Future
• Nebraska Appraisers (Real Estate) by County
• Nebraska Livestock Friendly Counties:
  • Nebraska Map
  • Associated Laws and Regulations
• Rental Agreement Lease Forms (free to download - PDF format)
  • Cash Farm Lease (with Flexible Provisions) NCR-76
  • Crop-share or Crop-share/Cash Farm Lease NCR-7
  • Irrigation Crop-share or Crop-share/Cash Farm Lease NCR-106 Pasture Lease CR-10
  • Farm Building or Livestock Facility Lease NCR-215

Past Farm Real Estate Reports

• 2009-2010 Nebraska Farm Real Estate Market Developments
• 2008-2009 Nebraska Farm Real Estate Market Developments
• 2007-2008 Nebraska Farm Real Estate Market Developments
• 2006-2007 Nebraska Farm Real Estate Market Developments
• 2005-2006 Nebraska Farm Real Estate Market Developments
• 2004-2005 Nebraska Farm Real Estate Market Developments
• 2003-2004 Nebraska Farm Real Estate Market Developments