LINCOLN, Neb. The value of agricultural land in Nebraska increased by an average of 16% over the prior year, to a statewide average of $3,360 per acre, according to the preliminary findings of the…
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Nebraska AG land values rise for second straight year
Nebraska City News-Press
The market value of agricultural land in Nebraska increased 6 percent over the prior year to an average of $2,895 per acre, according to the final report from the University of Nebraska–Lincoln’s 2021 Nebraska Farm Real Estate Market Survey.
Rates of increase were highest in the north, northeast, central and southeast districts of the state, with average increases of 6 to 8 percent over the prior year. Western regions reported smaller increases, between 3 and 5 percent.
The survey revealed that current crop prices, interest rates and purchases for farm expansion contributed to higher land values, as did non-farm investor land purchases and federal farm program payments, according to respondents.
Nebraska ag land values up 6% for second-consecutive year thefencepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefencepost.com Daily Mail and Mail on Sunday newspapers.