The University of Nebraska–Lincoln’s Department of Agricultural Economics annually surveys land industry professionals across Nebraska, including appraisers, farm and ranch managers, agricultural bankers and related industry professionals. Results from the survey are divided by land class and summarized by the eight Agricultural Statistic Districts of Nebraska.
Land industry professionals responding to the annual survey attributed the rise in Nebraska agricultural real estate values to current crop and livestock prices, purchases for operation expansion, the financial health of current owners and as a hedge against inflation.
Rising commodity prices helped the financial position of many operations despite rising input expenses and drought concerns. As a tangible investment to hedge against inflation, many operators turned to agricultural land markets as long-term investments. Agricultural tractors and equipment also experienced a rise in market value as operators updated machinery lines.
Source: Cornhusker Economics, March 15, 2023.
FOR MORE INFORMATION
Read the Cornhusker Economics full article at https://go.unl.edu/cashrentsurvey. For questions regarding this survey, contact Agricultural Systems Economist Extension Educator Jim Jansen at 402-261-7572 or jjansen4@unl.edu.