Nebraska's farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2021, according to USDA's National Agricultural Statistics Service. Farm real estate value for 2022 averaged $3,750 per acre, up $650 per acre (up 21%) from last year.
Cropland value increased 21% from last year to $6,000 per acre. Dryland cropland value averaged $4,800 per acre, $810 higher than last year. Irrigated cropland value averaged $7,950 per acre, $1,420 above a year ago. Pastureland, at $1,240 per acre, was $160 higher than the previous year.
Cash rents paid to landlords in 2022 for cropland increased from last year. Irrigated cropland rent averaged $260.00 per acre, $16.00 above last year. Dryland cropland rent averaged $162.00 per acre, $10.00 higher than a year earlier. Pasture rented for cash averaged $26.00 per acre, $1.00 above the previous year.
County level averages of 2022 cash rents paid to landlords will be released on Aug. 26.
Categories: Nebraska, General