With: Jim Jansen, Extension Educator and Agricultural Economist, UNL Agricultural Economics
Nebraska agricultural land values increased by 6% over the prior year, to a statewide average of $2,895 per acre, according to the final results of the University of Nebraska-Lincoln’s 2021 Farm Real Estate Report. This marks the second consecutive annual increase.
Land industry professionals responding to the annual survey attributed the rise in Nebraska farm real estate values to current interest rate levels, crop prices, and COVID-19 disaster assistance payments provided to operators across the state.
Operators faced an exceptional amount of risk and uncertainty when navigating production decisions during the height of the COVID-19 pandemic. Lower interest rates and disaster assistance payments provided stability to an industry facing an economic shutdown and disruptions of supply chains.
This webinar will provide an overview of 2021 land values and cash rental rates as well as trends and outlook.