2017 Trends in Nebraska Farmland Markets: Declining Agricultural Land Values and Rental Rates

Authors

Jim Jansen, University of Nebraska-LincolnFollow

Date of this Version

2017

Citation

Cornhusker Economics, March 15, 2017, agecon.unl.edu/cornhuskereconomics

Comments

Copyright 2017 University of Nebraska.

Abstract

Preliminary findings from the 2017 Nebraska Farm Real Estate Market Survey conducted by the University of Nebraska–Lincoln, indicate that as of February 1, 2017 the weighted average farmland value declined by about 10 percent over the prior 12-month period to $2,805 per acre (Figure 1 and Table 1). This decline marks the third year of consecutive downward pressure totaling to approximately 15 percent for the weighted average farmland value in Nebraska which peaked in 2014 at $3,315 per acre.