Date of this Version
The results of UNL's 2003 Nebraska Farm Real Estate Market Survey indicate a slight decline in overall land values compared to 2002 (-.4 percent). However, variability within the state and among land types indicates more complexity and less uniformity in changes than in previous years. In the past 16 years overall land values declined only twice (1999 and 2003). Thus, the slight decline in 2003 values is not strong evidence of a leveling off in the generally increasing trend in land values, yet large declines of land values in some areas raise concern over what economic forces are at work.