Nebraska Ag Land Value has Dropped Again, Survey Report Says

March 17, 2016 04:30 PM
 
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A report on preliminary survey findings shows the average value of Nebraska's agricultural land dropped about 4 percent over the past year — the second decline in as many years.

The University of Nebraska-Lincoln survey report says that as of Feb. 1, the statewide land value was $3,135 an acre on average, compared with $3,250 a year earlier and $3,416 in 2014. The decline comes as producers face lower prices for crops and livestock.

Rental rates for dryland and irrigated cropland declined 5 to 10 percent across the state.

Survey respondents included real estate salespeople and brokers, appraisers, bankers and mortgage experts.

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PullMyFinger
Chappell, NE
3/25/2016 08:05 AM
 

  At this rate someone other than farmers might have to start paying all the taxes in Nebraska!!!!

 
 
D.W.
Mason City, NE
3/19/2016 01:29 PM
 

  Nebraska is going to see a much bigger drop in land prices still to come. With our property taxes sky high and no relief in sight why would anyone invest in agland when you can take that same money and invest it other places with a better returns and no yearly taxes.

 
 
Zrocon
Western, NE
3/25/2016 12:48 PM
 

  We're getting mid-90's prices for our commodities, then land needs to be priced that same as it was in the mid-90's!! Foreign and atypical investors along with 1031 exchanges cranked up the prices of land to the point of absurdity. That along with fierce competition for more land to farm drove up the rental rates further exacerbating the situation! Now look at the mess it's in!! The bubble will burst. When it does, then look out! Probably have a bunch of Chinese REITs buying the ground then!

 
 
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