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Agricultural and Resource Economics
University of Nebraska - Lincoln
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Nebraska Farm Real Estate Market Developments In 1981-82, Bruce B. Johnson, Ronald J. Hanson
Nebraska Farm Real Estate Market Developments In 1981-82, Bruce B. Johnson, Ronald J. Hanson
Nebraska Farm Real Estate Reports
Nebraska farm real estate values declined nearly 4 percent during the past year. The reasons are quite obvious -- low farm income, changing inflation expectations, and continued high interest rates. The combination of these fac tors has drastically altered what was a "bullish" land market up until 1980.
During the 1970's, farmland values were appreciating rapidly. The average increase was approximately twice the rate of inflation. The real value (purchasing power)of farmland doubled during this decade. Financial leveraging was extremely profitable for farmland investors and land prices were quickly bid up.
The past year represents quite a contrast. Adding an …