Date of this Version
Despite lackluster crop prices and below-normal income levels for the farm sector as a whole, Nebraska’s agricultural land markets have maintained their solid footing over the past twelve months. Both values and cash rental rates generally remain at, or even above, year-earlier levels. Preliminary results from UNL’s 2002 Nebraska Farm Real Estate Market Survey indicate agricultural land values are up over 4 percent overall, with some areas of the state even stronger (Figure 1 and Table 1). Survey reporters were almost universal in their observations that no land value declines have been evident; but rather the market has been one of stable to upward moving values.