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Agricultural Economics

Nebraska Farm Real Estate Reports

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Full-Text Articles in Agriculture

Nebraska Farm Real Estate Market Highlights 2016-2017, Jim Jansen Jun 2017

Nebraska Farm Real Estate Market Highlights 2016-2017, Jim Jansen

Nebraska Farm Real Estate Reports

The Nebraska Farm Real Estate Market Highlights 2016-2017 report represents the 39th edition to the annual series. These reports provide an important insight on agricultural land market dynamics for stakeholders across Nebraska. In today's market, where market transactions exceeding a million dollars are the norm, objective market information and analysis is more critical than ever. The focus of the report continues to provide unbiased information on agricultural land values and rental rates so industry participants can make educated and informed decisions.

This year, the February 2017 survey of nearly 150 expert-panel members from across the state provided current information and …


Nebraska Farm Real Estate Market Highlights 2015-2016, Jim Jansen, Roger Wilson Jan 2016

Nebraska Farm Real Estate Market Highlights 2015-2016, Jim Jansen, Roger Wilson

Nebraska Farm Real Estate Reports

The Nebraska Farm Real Estate Market Highlights 2015-2016 report represents the 38th edition to the annual series. These reports provide an important insight on agricultural land market dynamics for stakeholders across Nebraska. In today's market, where market transactions exceeding a million dollars are the norm, objective market information and analysis is more critical than ever. The focus of the report continues to provide unbiased information on agricultural land values and rental rates so industry participants can make educated and informed decisions.

This year, the February 2016 survey of over 100 expert-panel members from across the state provided current information and …


Nebraska Farm Real Estate Market Developments 2002-03, Bruce Johnson, Glenn A. Helmers Aug 2003

Nebraska Farm Real Estate Market Developments 2002-03, Bruce Johnson, Glenn A. Helmers

Nebraska Farm Real Estate Reports

For the year ending February 1, 2003, Nebraska's agricultural land values showed a slight over-all increase of just over 1 percent; but with considerable variation across the State and by type of land. Based on UNL's 2003 Nebraska Farm Real Estate Market Survey, sub-state regional all-land changes ranged from a 6.6 percent decline in the Southwest to gains of 4.6 percent for the 12-month period in the Cental and East. The relative severity of the prolonged drought during 2002 appears to be a contributing factor to these regional value patterns. Similarly, drought impacts resulted in considerable variations in value changes …


Nebraska Farm Real Estate Market Developments 2001-02 25th Year Edition, Bruce Johnson, Lance Kuenning Jun 2002

Nebraska Farm Real Estate Market Developments 2001-02 25th Year Edition, Bruce Johnson, Lance Kuenning

Nebraska Farm Real Estate Reports

In this silver anniversary edition, we provide a 25-year perspective of Nebraska's agricultural real estate market as well as analyzing the market dynamics of recent months.

Despite being a market of very limited turnover rates of ownership as well as rental leases, the market for agricultural real estate is still very dynamic. This is very obvious in the past 25 years during which agricultural land values in Nebraska experienced both "boom" and "bust" conditions before developing a more steady-to-gradually-upward trend more recently. Average 2002 levels of values in nominal terms are essentially in the same range as those of the …


Nebraska Farm Real Estate Market Developments 1999-2000, Bruce Johnson, Brandon G.Y. Raddatz Jun 2000

Nebraska Farm Real Estate Market Developments 1999-2000, Bruce Johnson, Brandon G.Y. Raddatz

Nebraska Farm Real Estate Reports

Nebraska's agricultural real estate market conditions have been monitored and analyzed annually since 1978 by the Department of Agricultural Economics-UNL. In the most recent survey for 2000, the markets for agricultural land were found to have remained relatively unchanged over the past year, despite generally poor farm commodity prices. As of February 1st, 2000, the UNL survey showed the state all-land average value to be $698 per acre, a 1.1 percent increase from 12 months earlier. While the values for particular classes of land across the sub-state areas moved in both directions, the percentage changes from year-earlier levels were generally …


Nebraska Farm Real Estate Market Developments 1998-99, Bruce Johnson, Brandon G.Y. Raddatz Jun 1999

Nebraska Farm Real Estate Market Developments 1998-99, Bruce Johnson, Brandon G.Y. Raddatz

Nebraska Farm Real Estate Reports

After 11 consecutive years of value increases, Nebraska agricultural real estate values experienced modest declines during the year ending February 1, 1999. According to the UNL Nebraska Farm Real Estate Market Developments Survey, values fell an average of 2.8 percent from year-earlier levels. As the year 1998 developed into an income-shortfall year across virtually all of the state's agricultural sector, it was almost inevitable that a more cautious market attitude would exist and land values decline. In fact, for many market observers, the surprise was not that early 1999 values were down, but rather that the value decrease was generally …


Nebraska Farm Real Estate Market Developments 1994-95, Bruce Johnson Jun 1995

Nebraska Farm Real Estate Market Developments 1994-95, Bruce Johnson

Nebraska Farm Real Estate Reports

Agricultural land values in Nebraska rose an average of 2.8 percent during the year ending February I, I995. While this represented the eighth straight year of value advances, it was the smallest annual percentage change of that period. Relative stability in agricultural real estate values during I994 was prevalent across the state with only, slight percentage changes in either direction recorded across the various types of land and location.

Despite a poor livestock economy, non tillable grazing land had the largest percentage gain during the I2-month period (4.9 percent). In contrast, gravity irrigated cropland rose only I percent for the …


Nebraska Farm Real Estate Market Developments 1993-94, Bruce Johnson Jun 1994

Nebraska Farm Real Estate Market Developments 1993-94, Bruce Johnson

Nebraska Farm Real Estate Reports

Agricultural land values rose across the state during 1993, averaging 6.6 percent for the year ending February 1, 1994. According to the 1994 Nebraska Farm Real Estate Market survey, largest annual increases were reported in the east, southwest, and north areas with percentage increases of 8.9 percent, 8.4 percent, and 8:0 percent respectively.

While weather adversity was widespread across Nebraska during 1993, buyer interest remained keen, and appeared to intensify in late 1993 and early 1994 as crop commodity prices rose.

In any local market, agricultural land values will exhibit rather pronounced ranges in market values depending upon real and …


Nebraska Farm Real Estate Market Developments 1992-93, Bruce Johnson Jun 1993

Nebraska Farm Real Estate Market Developments 1992-93, Bruce Johnson

Nebraska Farm Real Estate Reports

For the Sixth Consecutive year, Nebraska's agricultural real estate values rose in 1992. According to the 1993 UNL Nebraska Farm Real Estate Market Survey, the increase was just over 4 percent for the year ending February 1, 1993. Still, the 1993 all-state average value remains 30 percent below the peak level of value reached in 1981.

Not all areas of the state experienced land increases during 1992. All-land average values remained essentially unchanged during 1992 in the northwest, north, and southwest areas of Nebraska while gains of 5 to 7 percent were recorded in the eastern third of the state …


Nebraska Farm Real Estate Market Developments In 1978-79, Bruce Johnson, Ronald J. Hanson Jul 1979

Nebraska Farm Real Estate Market Developments In 1978-79, Bruce Johnson, Ronald J. Hanson

Nebraska Farm Real Estate Reports

Farm real estate values in Nebraska have trended upward for several decades with only a few interruptions. In Nebraska as well as most of the Nation, dramatic increases have occurred within the last six years. The year 1978-79 was no exception.

Data released by the U.S. Department of Agriculture for February 1, 1979 showed a 22 percent increase in the average value of Nebraska farmland from a year earlier. This was certainly in contrast to the 4 percent drop in land values reported for 1977-78.

Results of the second annual Nebraska Farm Real Estate Market Survey conducted by the Department …


Nebraska Farm Real Estate Market Developments In 1977-78, Bruce B. Johnson, Ronald J. Hanson Jul 1978

Nebraska Farm Real Estate Market Developments In 1977-78, Bruce B. Johnson, Ronald J. Hanson

Nebraska Farm Real Estate Reports

Farm real estate represents about three-fourths of the total value of farm production assets in Nebraska. Consequently, changes in value, ownership patterns, and other characteristics of the farm real estate market exert significant impact on the economic and social well-being of agricultural producers, rural communities, and the State as a whole. The dynamics of the farm real estate market, particularly in recent years, suggests that accurate and complete information concerning this market is of great importance. From the standpoint of the public interest as well as that of individual participants, all land market decisions should be based upon a sound …