Agricultural Economics Department
Date of this Version
10-12-2023
Document Type
Article
Citation
Jansen, J., Stokes, J.R. “USDA Reports on Land Values and County-Level Cash Rent Estimates Across Nebraska in 2023.” CAP Series 23-1001, Center for Agricultural Profitability, University of Nebraska-Lincoln, Oct. 12, 2023. DOI: 10.32873/unl.dc.cap018.
Abstract
Survey findings from the USDA-National Agricultural Statistics Services (USDA-NASS) estimated that Nebraska farm real estate value, including all agricultural land and buildings, in 2023 increased by 13.1% to an average of $4,240 per acre (Figure 1). The year-over-year increases mark an increase of $490 for this annual period (USDA-NASS 2023a). Kansas and New Jersey lead the nation for the highest rates of increase in the market value of farmland at 16.3% and 14.9% for market value averages of $3,060 and $17,700 per acre. Nebraska marked the fifth-highest percentage increase for rising farm real estate when ranked against the other states.