Nebraska Farmland Values Up 34% For The Year
Wednesday, June 27th, 2012
The rise in the value of Nebraska agricultural land proved even stronger than originally reported.
In our March 12 issue, we reported preliminary findings of a record 31% annual rise. Now the final results show a 32% increase - the largest in the 34-year history of the University of Nebraska- Lincoln survey.
The statewide average all-land average is pegged at $2,425 an acre.
Meanwhile, the statewide average value of dryland cropland with no irrigation potential is recorded at $2,485 an acre, up 34%; the value of dryland cropland with irrigation potential is $4,355, up 36%; the value of tillable grazing land is $1,010, up 27%; the value of non-tillable grazing land is $585, up 19%; the value of hayland is $1,245 an acre, up 27%; the value of gravity irrigated cropland is $5,365, up 32%; the value of center-pivot irrigated cropland is $5,835, up 34%.