Tag: real estate newspaper

According to the preliminary results of the 2024 Nebraska Farm Real Estate Market Survey, the market value of agricultural land in Nebraska increased by 5 percent over the previous year to an average of $4,015 per acre. This marks the third consecutive year of increases in the market value of agricultural land in Nebraska, setting another high in the non-inflation-adjusted statewide land value in the survey’s 46-year history.

The University of Nebraska-Lincoln’s Department of Agricultural Economics annually surveys land industry professionals across Nebraska, including appraisers, farm and ranch managers, agricultural bankers, and related industry professionals. Results from the survey are divided by land class and summarized by the eight Agricultural Statistical Districts of Nebraska.

The 2024 preliminary results revealed that most of Northwest Nebraska’s agricultural land values ​​were higher for the February. 1, 2024, reporting year. The northwest region includes Banner, Box Butte, Cheyenne, Dawes, Deuel, Garden, Kimball, Morrill, Scotts Bluff, Sheridan and Sioux counties. The average farmland value in the region is estimated to be $960 per acre, which is 3 percent higher than the previous year.

Table 1 reports the eight major types of land reported in the survey and the average value of each type for the