Jim Jansen, extension educator and agricultural economist, Agricultural Economics.
Nebraska agricultural land values increased by 3% over the last year, to a statewide average of $2,725 per acre, according to the final results of the University of Nebraska-Lincoln’s 2020 Farm Real Estate Report. This marks the first annual increase since land values in the state peaked at $3,315 per acre in 2014.
Survey participants reported that 1031 tax exchanges, non-farmer investor interest in land purchases and current interest rate levels contributed to higher market values. These forces were reported as slightly positive in impacting future land values prior to the domestic outbreak of COVID-19.
This webinar will provide an overview of 2020 land values, trends and outlook.