The Sidney Sun-Telegraph - Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper

Preliminary Farm Real Estate Market Results

 

March 27, 2019

Don Ogle

Cheyenne County road crews have been working long hours to repair roads washed out by runoff from snow two weeks ago. In a number of places like this, the county has had to haul in new gravel to replace that which was taken away by runoff, leaving many roads in bad condition.

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...



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