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Nebraska Farm Real Estate Market Developments 1996-97, Bruce B. Johnson, Bart Miller

Nebraska Farm Real Estate Reports

Agricultural real estate values in Nebraska rose an average of 7.6 percent during the year ending February 1, 1997, with the all-land average value climbing to $654 per acre. This represented the tenth consecutive year of value increases, but the percentage increase was the largest for the all-state average since 1988. The basis of these findings is the UNL Farm Real Estate Market Survey now in its 20th year.

Land value increases occurred across the entire state, although largest gains were associated with cropland in the predominantly cash-grain areas. A combination offavorable crop prices, good yields in 1996, and transition …