Iowa Public Television

 

Farmland Values Up 22% in Nebraska

posted on March 18, 2011


LINCOLN (AP) — The average value of Nebraska farmland jumped 22 percent last year because of the combination of high commodity prices, strong farm income and limited land availability.

The University of Nebraska-Lincoln's Institute of Agriculture and Natural Resources says its annual survey shows the average value of farmland statewide reached record levels of $1,833 per acre.

The average price of Nebraska farmland has doubled since 2005.

Rental rates for farmland are also soaring. The survey predicts a 15 percent to 25 percent jump in rental rates for cropland in 2011.


Tags: agriculture Nebraska news real estate