Report: Nebraska all-land market values rise by 6% farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.
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.