With: Jim Jansen, Extension Agricultural Economist, UNL Center for Agricultural Profitability
For the third consecutive year, the all-land average value in Nebraska increased for the year ending February 1, 2022, to an average value of $3,360 per acre — about 16% higher than the prior year, according to the final results of the University of Nebraska-Lincoln’s 2022 Farm Real Estate Report.
Panel members reported in 2022 that current crop prices, purchases for farm expansion, and interest rate levels as the major economic forces guiding the market value of land higher across the state. The financial health of current owners and non-farmer investor interest in land purchases as additional positive forces.
The outlook for future gains in farm real estate values remain strong as only three economic forces were noted as somewhat negatively impacting farm real estate values. Property tax levels, farm input costs, and future property tax policies were reported as weighing down on the market.
This webinar will provide an overview of 2022 land values and cash rental rates as well as trends and outlook.Slides 2022 Farm Real Estate Report CAP Webinar Page