NEBRASKA AGRICULTURAL LAND VALUES 2019 · Nebraska Farm Real Estate Values Continue Gradual...
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NEBRASKA AGRICULTURAL LAND VALUES 2019 DEPARTMENT OF AGRICULTURAL ECONOMICS UNIVERSITY OF NEBRASKA-LINCOLN MARCH 13, 2019
Transcript of NEBRASKA AGRICULTURAL LAND VALUES 2019 · Nebraska Farm Real Estate Values Continue Gradual...
NEBRASKA AGRICULTURAL LAND VALUES 2019
DEPARTMENT OF AGRICULTURAL ECONOMICSUNIVERSITY OF NEBRASKA-LINCOLN
MARCH 13, 2019
Nebraska Farm Real Estate Values Continue Gradual Declines in 2019
Cornhusker Economics - March 13, 2019
Jim JansenAgricultural Economist
University of [email protected]
402-261-7572
Jeff StokesHanson-Clegg-Allen Endowed Chair Agricultural Banking and FinanceUniversity of Nebraska-Lincoln
• Annual survey conducted since 1978 of Nebraska agricultural appraisers, professional farm managers, and bankers engaged in the land industry.• Preliminary results for land values and rental rates published the second week of
March.• Full report published the following June.
• Nebraska Farm Real Estate website full access to these resources: https://agecon.unl.edu/realestate
Nebraska Farm Real Estate Survey
Nebraska Agricultural Statistics Districts
Nebraska Agricultural Average All Land Values – Feb. 1, 2019
North$1,060/ac
-3%Northwest
$685/ac-4%
Southwest$1,555/ac
-6%
Central$3,090/ac
-2%
Northeast$5,250/ac
-3%
East$6,185/ac
-1%
Southeast$4,705/ac
-2%
South$3,600/ac
-4%
State$2,650/ac
-3%
Nebraska Agricultural Average All Land Values 1978 - 2019
Nebraska Dryland Cropland (No Irr. Potential) – Feb. 1, 2019
North$1,505/ac
-1%Northwest
$650/ac-3%
Southwest$1,460/ac
-8%
Central$2,750/ac
1%
Northeast$5,300/ac
-4%
East$5,775/ac
2%
Southeast$4,115/ac
-2%
South$2,920/ac
-2%
State$3,045/ac
-2%
Nebraska Dryland Cropland (Irrigation Potential) – Feb. 1, 2019
North$1,905/ac
-4%Northwest
$695/ac-5%
Southwest$1,535/ac
-6%
Central$3,050/ac
-1%
Northeast$5,645/ac
-3%
East$6,140/ac
-2%
Southeast$5,255/ac
-2%
South$3,470/ac
-4%
State$4,005/ac
-3%
Nebraska Grazing Land (Tillable) – Feb. 1, 2019
North$1,040/ac
-3%Northwest
$500/ac-2%
Southwest$910/ac
-4%
Central$1,745/ac
-10%
Northeast$3,165/ac
-5%
East$3,085/ac
-7%
Southeast$2,825/ac
-1%
South$1,895/ac
-3%
State$1,195/ac
-4%
Nebraska Grazing Land (Nontillable) – Feb. 1, 2019
North$630/ac
-2%Northwest
$415/ac-5%
Southwest$745/ac
-5%
Central$1,410/ac
-9%
Northeast$2,000/ac
-6%
East$2,190/ac
-7%
Southeast$1,990/ac
-3%
South$1,340/ac
-8%
State$800/ac
-4%
Nebraska Hayland – Feb. 1, 2019
North$1,190/ac
-6%Northwest
$755/ac-1%
Southwest$1,260/ac
-8%
Central$1,880/ac
-5%
Northeast$3,020/ac
-4%
East$3,175/ac
6%
Southeast$2,650/ac
1%
South$2,000/ac
-3%
State$1,655/ac
-3%
Nebraska Gravity Irrigated Cropland – Feb. 1, 2019
North$3,500/ac
-4%Northwest$2,150/ac
-8%
Southwest$3,715/ac
-5%
Central$5,840/ac
1%
Northeast$6,575/ac
-2%
East$7,600/ac
2%
Southeast$5,910/ac
-6%
South$5,520/ac
-5%
State$5,710/ac
-1%
Nebraska Center Pivot Irrigated Cropland – Feb. 1, 2019
North$3,900/ac
-3%Northwest$2,575/ac
-5%
Southwest$4,030/ac
-6%
Central$6,140/ac
-2%
Northeast$7,270/ac
-1%
East$8,455/ac
-2%
Southeast$7,525/ac
-3%
South$6,320/ac
-3%
State$5,980/ac
-2%
• Please address questions regarding preliminary estimates from the 2019 Nebraska Farm Real Estate Survey to Jim Jansen at (402) 261-7572 or [email protected]
Questions?
