A report from the University of Nebraska-Lincoln (UNL) shows commodity prices, interest rates and farm expansion drove a 6 percent increase in the state’s ag land values.
Jim Jansen, a UNL ag economist, tells Brownfield the value rose to $2,895 per acre. “Some areas of the state up more, some areas not up quite as much, but these trends reflect the changing ag economy that we’ve seen evolve significantly over the last 6-8 months.”
The 2021 Nebraska Farm Real Estate Market Survey showed rate increases were highest in the north, northeast, central and southeast districts of the state, with average increases of 6% to 8% over the prior year.
