Date of this Version
Cornhusker Economics, June 21, 2000, agecon.unl.edu/cornhuskereconomics
As part of our ongoing monitoring and analysis of Nebraska抯 agricultural land market, we have tracked for several years the patterns and trends of actual real estate transactions. Each year, our reporters from around the state provide us with detailed information on about 500 transactions which have occurred during the previous 12 months. They report on sales which they deem as armslength and typical for their locality. Given that only about three percent of the state's agricultural land base changes ownership each year, the tracts reported in our survey represent about 10 percent of the total annual transactions? a size adequate to draw inferences for the market as a whole.