Solid Traction Continues In Nebraska’s

Authors

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

Date of this Version

March 2002

Document Type

Newsletter Issue

Citation

Cornhusker Economics

Comments

Published in Cornhusker Economics, 03/13/2002. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html

Abstract

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.