The Farm Real Estate Market in Selected Areas of Nebraska

This study focused on determining the characteristics of the current farm real estate market. Analysis was based on a survey of 231 farm real estate transfers that occurred between January, 1965 and April 1, 1966 in five selected areas in Nebraska. The study areas included were selected to represent different land market situations across the states.They were not chosen at random nor are all situations necessarily represented. Comparisons were also made to the findings in this study to that of a similar study conducted in 1957. The more specific objectives of this study were: To determine prices paid for and the characteristics of the farm real estate transferred. To determine characteristics of the buyers and sellers. To determine the reasons for buying and selling. To determine the procedures followed in buying land and in financing. To determine changes and trends of market characteristics occurring over the last ten years. There were several conclusions made based on the information gathered in this study. Among those conclusions was the idea that despite the limitations of formal competition due to the personal market environment, buyers still act in a competitive manner. Advisor: Maurice Bake