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Nebraska Farm Real Estate Values Fall | KRVN Radio

Nebraska Farm Real Estate Values Fall

Nebraska Farm Real Estate Values Fall
Michael and Michelle West/iStock/Thinkstock

LINCOLN, NE, August 5, 2015 — Nebraska’s farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2014, according to USDA’s National Agricultural Statistics Service.  Farm real estate value for 2015 averaged $3,050 per acre. This is down $70 per acre or 2 percent lower than last year.

Cropland value declined 2 percent from last year to $5,070 per acre. Dryland cropland value averaged $3,970 per acre, down $30 from last year. Irrigated cropland value averaged $6,870 per acre, down $230 from a year ago. Pastureland, at $870 per acre, declined $30 from a year ago.

State-level cash rents paid to landlords in 2015 for cropland were mixed from last year. Irrigated cropland rent averaged $254 per acre, a decrease of $8 from last year. Dryland cropland rent averaged $160 per acre, up $11 from a year earlier. Pasture rented for cash, averaged $28.50 per acre, up $8 from the previous year.

A county-level cash rent survey was not conducted in 2015. NASS will next publish agricultural county-level cash rents data in September 2016.

Previously published county cash rent data for

2014 are available at:

http://www.nass.usda.gov/Statistics_by_State/Nebraska/Publications/County_Estimates/index.asp

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