Agricultural Economics, Department of
Nebraska Farm Real Estate Reports
Date of this Version
6-30-2025
Document Type
Article
Citation
Nebraska Farm Real Estate Market Highlights 2024-2025 by Jim Jansen (2025).
Abstract
Reversing a half decade in gains, the all-land average value in Nebraska declined for the year ending February 1, 2025, averaging approximately 2% lower than the prior year. Figure 2 summarizes these figures and trends along with the percent changes over the preceding year’s all-land average for the eight districts in the state.
Rates of decline were the highest in the Northeast and Southeast Districts, as these areas averaged 3% lower for the all-land average. These Districts trended slightly similar to the state's rate of decrease of 2%. The South and Southeast District also averaged 2% lower.
The other four regions of Nebraska, including the Northwest, North, Southwest, and South Districts, reported smaller changes ranging between 1% and -1%. The Northwest District reported an increase of 1%. Overall, changes across the state range from a 1% increase to a 3% decline in 2025.
Panel members in 2025 reported that current crop prices, interest rate levels, and farm input costs as major economic forces guiding the market value of land lower across the state. Current livestock prices and purchases for farm expansion were reported as additional positive economic forces.
The outlook for future gains in farm real estate values moderated as seven of the economic forces were noted as somewhat negatively impacting farm real estate values. Future property tax policies, property tax levels, expectations for U.S. farm exports, and the financial health of current owners were reported as major economic forces weighing down on the agricultural land market.
Based on 2025 market values, Nebraska's estimated total value of agricultural land and buildings dropped to approximately $164.7 billion. Appendix Table 1 gives a historical perspective on the state's estimated land and related building market value. Between 2024 and 2025, the market value of agricultural land and buildings decreased by about $14.8 billion.