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Nebraska Farm Real Estate Value Down 2 Percent
Nebraska Ag Connection - 08/07/2020

Nebraska's farm real estate value, a measurement of the value of all land and buildings on farms, decreased from 2019, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2020 averaged $2,790 per acre, down $60 per acre (down 2%) from last year.

Cropland value decreased 1% from last year to $4,360 per acre. Dryland cropland value averaged $3,460 per acre, $30 lower than last year. Irrigated cropland value averaged $5,820 per acre, $30 below a year ago. Pastureland, at $1,040 per acre, was $10 lower than the previous year.

Cash rents paid to landlords in 2020 for cropland were mixed from last year. Irrigated cropland rent averaged $240 per acre, $3 above last year. Dryland cropland rent averaged $149 per acre, $5 higher than a year earlier. Pasture rented for cash averaged $24 per acre, $0.50 below the previous year.

County level averages of 2020 cash rents paid to landlords will be released on Aug. 28.


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