Farmland Values Rising

By: The Associated Press Email
By: The Associated Press Email

The value of cropland in Nebraska continues its upward climb, rising 6.6 percent from a year ago to an average of $5,180 an acre.

The value of cropland has been on the rise in many states in recent years. Nebraska cropland has increased 113 percent since 2010.

The U.S. Department of Agriculture said in a report released Friday the average value of farm real estate in Nebraska, a measurement of the value of all land and buildings on farms, climbed 11.4 percent to $3,120 an acre.

The state trend reflects a similar increase nationally. The USDA says U.S. cropland value is up 7.6 percent and farm real estate values rose 8.1 percent. The annual report is based on producer surveys completed in the first two weeks of June.

The value of farmland in Iowa is also up again, reaching a new high at a time when many observers expect values to drop due to falling commodity prices. The average value of an acre of cropland in Iowa rose 9.4 percent from a year ago to a record $8,750.

The value of farm real estate increased 10.4 percent to $8,500 an acre. Iowa leads the nation in the value of farmland and buildings with a total value of $235.6 billion, up nearly 18 percent.

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