Fourth Annual Drop for Nebraska Farmland Prices
For 2018, Nebraska farmland prices average $2,745, which is a 3% drop from a year ago. This annual drop is less than the 9% drop seen in 2017 and similar to the 4% drop reported in 2016, according to a preliminary report of the 2018 Nebraska Farm Real Estate Market survey. Overall, Nebraska farmland per-acre prices have dropped 17% since reaching a high of $3,315 in 2014. Low commodity prices and property tax policies are behind the declining farmland values, says Jim...