2015 Trends in Nebraska Farmland Values and Rental Rates Reflect Changes in Agricultural Commodity Prices

Authors

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

Date of this Version

3-4-2015

Citation

Cornhusker Economics, University of Nebraska–Lincoln Extension, March 4, 2015.

Comments

Copyright 2015 University of Nebraska.

Abstract

Trends in agricultural commodities across Nebraska from 2014 leading into 2015 were marked by record-setting cattle markets along with lower grain and oilseed prices. Movements in the value and rents of the types of land which support these commodities reflect their general price trends. Preliminary find-ings from the 2015 University of Nebraska–Lincoln Nebraska Farm Real Estate Market Survey indicate as of February 1, 2015 the weighted average farm-land value declined by about 3 percent over the prior 12-month period to $3,210 per acre (Figure 1 and Table 1). The decline in weighted average farmland values in Nebraska denotes the first decline in recent years of the survey.