Preliminary results from the Nebraska Farm Real Estate Market Survey released by the University of Nebraska-Lincoln revealed that Nebraska Panhandle agricultural land declined in value for the reporting year ending Feb. 1, 2018.
This item is available in full to subscribers.
To continue reading, you will need to either log in to your subscriber account, or purchase a new subscription.
If you are a current print subscriber, you can set up a free website account and connect your subscription to it by clicking here.
If you are a digital subscriber with an active, online-only subscription then you already have an account here. Just reset your password if you've not yet logged in to your account on this new site.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
SCOTTSBLUFF, Neb. – Preliminary results from the Nebraska Farm Real Estate Market Survey released by the University of Nebraska-Lincoln revealed that Nebraska Panhandle agricultural land declined in value for the reporting year ending Feb. 1, 2018.
The average farmland value in the region is estimated to be $720 per acre. This is 5 percent lower than the prior year. This is the fourth consecutive year of market value decline.
The eight major types of land reported in the survey declined in value from 2017-18 across the state. In the Panhandle, gravity irrigated cropland saw the largest declines in value, dropping 8 percent. These losses however, were less than those experienced from 2016-17.
Rental rates often lag behind land value trends. The preliminary results showed the third consecutive year of rental rate declines. The only exception to this decline was the increase in cow-calf pair rates, which was up 2 percent over the previous year to an average of $35.75 per pair per month or $178.75 per pair for a 5-month grazing season.
To view the report visit: agecon.unl.edu/realestate.