2020 Nebraska Farm Real Estate Report Preliminary Results Tables
Agricultural Statistics District | |||||||||
---|---|---|---|---|---|---|---|---|---|
Type of Land | Northwest | North | Northeast | Central | East | Southwest | South | Southeast | Statec |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars Per Acre - - - - - - - - - - - - - - - - - - - - - - - - - - - | |||||||||
Dryland Cropland (No Irrigation Potential) | |||||||||
$/acre | 610 | 1,520 | 5,535 | 2,850 | 6,130 | 1,365 | 2,960 | 4,425 | 3,165 |
% change | -5 | 2 | 4 | 3 | 6 | -6 | 3 | 7 | 4 |
Dryland Cropland (Irrigation Potential) | |||||||||
$/acre | 700 | 1,975 | 5,740 | 3,200 | 6,560 | 1,560 | 3,480 | 5,335 | 4,140 |
% change | 3 | 3 | 2 | 5 | 7 | -2 | 1 | 1 | 3 |
Grazing Land (Tillable) | |||||||||
$/acre | 540 | 1,100 | 3,210 | 1,870 | 3,310 | 920 | 1,855 | 2,930 | 1,250 |
% change | 8 | 6 | 3 | 7 | 8 | 5 | -1 | 6 | 5 |
Grazing Land (Nontillable) | |||||||||
$/acre | 440 | 655 | 2,120 | 1,460 | 2,375 | 750 | 1,385 | 2,125 | 830 |
% change | 7 | 5 | 6 | 4 | 5 | 2 | 4 | 8 | 4 |
Hayland | |||||||||
$/acre | 715 | 1,175 | 3,070 | 1,915 | 2,965 | 1,340 | 1,940 | 2,735 | 1,645 |
% change | 1 | 3 | 2 | 2 | -2 | 7 | -3 | 3 | 2 |
Gravity Irrigated Cropland | |||||||||
$/acre | 2,180 | 3,650 | 6,680 | 5,825 | 7,765 | 3,630 | 5,485 | 6,230 | 5,780 |
% change | -3 | 2 | 3 | -1 | 2 | -2 | 2 | 6 | 2 |
Center Pivot Irrigated Croplandb | |||||||||
$/acre | 2,435 | 3,940 | 7,395 | 6,660 | 8,905 | 3,985 | 6,425 | 7,700 | 6,120 |
% change | -5 | 1 | 3 | 4 | 5 | -3 | 4 | 3 | 3 |
All Land Averagec | |||||||||
$/acre | 690 | 1,090 | 5,375 | 3,180 | 6,510 | 1,545 | 3,620 | 4,875 | 2,730 |
% change | 1 | 4 | 3 | 3 | 5 | -1 | 2 | 4 | 3 |
Source: a UNL Nebraska Farm Real Estate Market Surveys, 2019 and 2020. b Value of pivot not included in per-acre value. c Weighted averages. |
Agricultural Statistics District | ||||||||
---|---|---|---|---|---|---|---|---|
Type of Land | Northwest | North | Northeast | Central | East | Southwest | South | Southeast |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars Per Acre - - - - - - - - - - - - - - - - - - - - - - - - - - - | ||||||||
Dryland Cropland | ||||||||
Average | 28 | 51 | 220 | 92 | 205 | 37 | 80 | 165 |
% Change | 2 | 3 | 7 | 9 | 2 | -3 | 10 | 6 |
High Third Quality | 38 | 86 | 250 | 105 | 235 | 56 | 115 | 195 |
Low Third Quality | 23 | 42 | 170 | 72 | 165 | 30 | 58 | 130 |
Gravity Irrigated Cropland | ||||||||
Average | 105 | 175 | 250 | 205 | 250 | 160 | 205 | 230 |
% Change | -5 | 6 | -2 | 5 | 2 | 3 | 8 | 5 |
High Third Quality | 145 | 210 | 290 | 240 | 285 | 200 | 235 | 270 |
Low Third Quality | 80 | 145 | 215 | 170 | 210 | 130 | 170 | 195 |
Center Pivot Irrigated Croplandb | ||||||||
Average | 140 | 195 | 290 | 230 | 280 | 185 | 220 | 260 |
% Change | -3 | 5 | 4 | 7 | -2 | 5 | 9 | 4 |
High Third Quality | 185 | 235 | 330 | 265 | 320 | 210 | 255 | 300 |
Low Third Quality | 100 | 175 | 245 | 185 | 245 | 160 | 180 | 220 |
Pasture | ||||||||
Average | 12 | 26 | 63 | 35 | 51 | 20 | 37 | 48 |
% Change | 9 | 6 | 8 | 12 | 9 | 5 | 10 | 4 |
High Third Quality | 18 | 42 | 79 | 46 | 67 | 28 | 45 | 62 |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars Per Month - - - - - - - - - - - - - - - - - - - - - - - - - - - | ||||||||
Cow-Calf Pair Monthly Ratesc | ||||||||
Average | 37.45 | 60.55 | 57.7 | 54.95 | 51.3 | 49.9 | 49.55 | 51.4 |
% Change | 5 | 3 | 10 | 5 | 6 | 1 | 7 | 9 |
High Third Quality | 44.85 | 69.3 | 72.15 | 64.9 | 63 | 59.5 | 56.25 | 58.8 |
Low Third Quality | 30.9 | 50.75 | 45.5 | 39.65 | 44.1 | 42.85 | 38.4 | 36.2 |
Source: aReporters’ estimated cash rental rates (both averages and ranges) from the UNL Nebraska Farm Real Estate Market Survey, 2019 and 2020. bCash rents on center pivot land assumes landowners own total irrigation system. cA cow-calf pair is typically considered to be 1.25 to 1.30 animal units (animal unit being 1,000 lb. animal) for a five-month grazing season. However, this can vary depending on weight of cow and age of calf. |