2016 Trends in Nebraska Farmland Markets: Farming and Ranching on the Margin

Authors

Jim Jansen, University of Nebraska-LincolnFollow
Roger Wilson, University of Nebraska-LincolnFollow

Date of this Version

3-9-2016

Citation

Cornhusker Economics, March 9, 2016, agecon.unl.edu/cornhuskereconomics

Comments

Copyright 2016 University of Nebraska.

Abstract

Agricultural commodity markets continued their decline in 2015 and 2016 as producers across Nebraska faced lower prices for crops and livestock. Lower values have resulted in tighter margins for servicing rent or debt payments. Preliminary findings from the University of Nebraska-Lincoln Nebraska Farm Real Estate Market Survey 2016 indicate that as of February 1, 2016 the weighted average farmland value declined by about 4 percent over the prior 12-month period to $3,135 per acre (Figure 1 and Table 1). This decline marks the second consecutive year of lower weighted average farmland values in Nebraska.