The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
The value of dryland cropland with no irrigation potential rose 6.4% across Nebraska as of February 1, 2010. That's according to preliminary findings from the 2010 University of Nebraska-Lincoln Farm Real Estate Survey. Meanwhile, dryland cropland with potential for irrigation development rose 7.3% on average with wide variation across the state depending on development restrictions and opportunities. State-wide the value of gravity irrigated corpland rose 5.2% and the value of center-pivot irrigated cropland rose 6.1%.
While cropland values rose, the value of non-tillable grazing land fell 5.6% with even greater declines recorded in the major range areas of the state. According to Bruce Johnson, the University of Nebraska-Lincoln agricultural economist who conducts the annual survey, the combination of upward gains for cropland and downward pressure from rangeland led to an overall statewide increase of 4.4% for all Nebraska agricultural land.
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