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 purchases for farm expansion, current livestock prices, 1031 tax exchanges, the amount of land offerings for sale and as a hedge against inflation. Farms or ranches in strong financial positions look to expand their operations by purchasing additional land. Competition in the industry remained strong as operators faced fewer land offerings available for sale. Inflation pressure continued from the prior year as many operations invested in land or purchased agricultural equipment to hedge against future increases.
Source: Cornhusker Economics, March 13, 2024.
FOR MORE INFORMATION
Read the Cornhusker Economics full article. For questions regarding this survey, contact Agricultural Systems Economist Extension Educator Jim Jansen at 402-261-7572 or jjansen4@unl.edu.