Nebraska’s farm real estate value rose from 2008, extending a trend that began in 1993, according to USDA’s National Agricultural Statistics Service, Nebraska Field Office.
Farm real estate value on January 1, 2009, averaged $1,340 per acre, a record high. This is up $10 per acre or one percent higher than last year’s level.
Cropland value increased six percent from last year to $2,180 per acre, with dryland acreage averaging $1,850 per acre and irrigated cropland at $2,700. Pastureland, at $450 per acre, declined six percent from a year ago.
For the complete story, subscribe to The Elgin Review.