2015 Nebraska Farmland Values and Rental Rates

Nebraska agricultural land values have declined two percent according to the recently published Nebraska Farm Real Estate Market Highlights 2014-2015 report. As of February 1, 2015, the weighted average farmland value for the state dropped over the prior 12-month period to $3,250 per acre (Figure 1 and Table 1). Cash rental rates for land in 2015 followed trends comparable to 2014 as irrigated and dryland cropland rental rates declined while pasture and cow-calf pair rental rates rose across Nebraska (Table 2)