Preliminary Findings Show Growth in Nebraska Farmland Values
Nebraska farms are rising in value, according to the preliminary findings from the Nebraska Farm Real Estate Market survey.
The annual reportsays farmland values rose about 5 percent in the past year, reaching nearly$3,200 an acre.
Surveyors reported gains for all farmland classes from Feb. 1, 2013 to Feb. 1, 2014.
The land class with the largest price increase in that period occurred in non-tillable grazing land, which increased by 7 percent. Land included in this class is pasture and rangeland that does not have the current potential to be used as cropland.
Figures from the report are preliminary; the final numbers willbe available later this summer.
More on the preliminary findings can be viewed on the University of Nebraska Agricultural Economics website.