Nebraska agriculture land values up for second year in a row
BILL WOLF/ASSOCIATED PRESS
Goats numbering more than 625 attack weeds on the Ladd Reeves ranch north of Palmer, Neb., Friday, Sept. 5, 2008, as part of a goat grazing demonstration hosted by the Nebraska Grazing Lands Coalition. A growing number of cattle ranchers, who for decades have used chemicals and other means to fight stubborn weeds, have decided to call in the goats. (AP Photo/Bill Wolf)
and last updated 2021-07-14 14:52:33-04
LINCOLN, Neb. (KMTV) â According to a release from the University of Nebraska, land used for agriculture purposes in the state went up for the second year in a row.
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Nebraska ag land values increase for second consecutive year
Ryan Evans | Agricultural Economics
The value of agricultural land in Nebraska increased by an average of 6 percent over the prior year, to a statewide average of $2,895 per acre, according to the preliminary findings of the University of Nebraska–Lincoln’s 2021 Farm Real Estate Market Survey. This marks the second consecutive year that agricultural land in the state has experienced an increase in average market value.
Land industry professionals who responded to the survey attributed the rise in Nebraska farm real estate values to current interest rate levels, crop prices and COVID-19 disaster assistance payments provided to operators across the state. These factors provided stability to the industry in the face of an economic shutdown and disruptions of supply chains.