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Nebraska Farm Real Estate Market Developments 2008-2009, Bruce B. Johnson, Ryan Lukassen
Nebraska Farm Real Estate Market Developments 2008-2009, Bruce B. Johnson, Ryan Lukassen
Department of Agricultural Economics: Faculty Publications
Following strong value advances over the past several years, Nebraska farmland values throttled down and stabilized across most of the state during the 12-month period ending February 1, 2009. According the 2009 UNL Nebraska Farm Real Estate Survey, the average all-land value rose just over 1% for the year. Some modest decreases in value were reported for some classes of land, but relative to recent trends for residential and commercial property across the U.S., stable values for agricultural land speaks to its relative strength in the current recession.
Regional differences in value shifts were rather significant over the time period. …