Agricultural Land Values and Rents In a Stable Mode

Authors

Bruce B. Johnson, University of Nebraska-LincolnFollow
Peter Brummels, University of Nebraska-Lincoln
Lance Kuenning, University of Nebraska-Lincoln

Date of this Version

3-7-2001

Document Type

Article

Comments

Published in Cornhusker Economics. March 7, 2001. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska-Lincoln .

Abstract

In an ocean of economic uncertainty, Nebraska’s agricultural real estate market remains on a generally steady course, as revealed by preliminary results from the UNL’s 2001 Nebraska Farm Real Estate Market Survey. As of February 1st, the state’s all-land average value was $709 per acre, up 1.6 percent from 12 months earlier (Table 1). However, the choppiness of the economic waters is evident by the variations in the value changes across the various land types and substate areas.