Nebraska’s farm real estate value increased from 2018 while cash rents paid to landlords decreased according to USDA’s National Agricultural Statistics Service.
Farm real estate value for 2019, a measurement of the value of all land and buildings on farms, averaged $2,850 per acre, up $100 per acre, or 4 percent, from last year.
Cropland value increased slightly from last year to $4,390 per acre. Dryland cropland value averaged $3,490 per acre, $60 higher than last year. Irrigated cropland value averaged $5,850 per acre, $80 below a year ago. Pastureland, at $1,050 per acre, was $75 higher than the previous year.
Cash rents paid to landlords in 2019 for cropland decreased from last year. Irrigated cropland rent averaged $237 per acre, $1 below last year. Dryland cropland rent averaged $144 per acre, $6 lower than a year earlier. Pasture rented for cash averaged $24.50 per acre, $2 above the previous year.
County level averages of 2019 cash rents paid to landlords will be released on September 10, 2019