Preliminary Farm Real Estate Market Results
March 27, 2019
Preliminary Nebraska Farm Real Estate Market Survey Results released this month by the University of Nebraska revealed that Nebraska agricultural land declined in value for the reporting year ending Feb. 1.
This marks the fifth consecutive year of downward pressure, as market values have dropped approximately 20 percent since reaching a high in 2014. The average farmland value in the Panhandle is estimated to be $685 per acre, 4 percent lower than the prior year.
All types of farmland reported in the survey declined in value since the previous year. In the Panhandle, gravity-irrigated crop...