How much is Nebraska farmland worth per acre?
$3,360 per acre
Updated March 16, 2022. The market value of agricultural land in Nebraska increased by 16% over the prior year, to a statewide average of $3,360 per acre, according to the preliminary report from the University of Nebraska–Lincoln’s 2022 Nebraska Farm Real Estate Market Survey.
How much does an acre of land cost in Nebraska 2021?
2021 Preliminary Results The market value of agricultural land in Nebraska increased by 6% over the prior year to an average of $2,895 per acre, according to the 2021 Nebraska Farm Real Estate Market Survey.
How much is an acre of land in Nebraska cost?
The all-land average value in Nebraska for the year ending February 1, 2019 averaged about 3 percent lower than the year before. This marks five consecutive years of declining land values. The state average was $2,645 per acre or about a $75 per acre decline to the prior year’s value of $2,720 per acre.
What is the value of farmland?
Agricultural Land Values Highlights The United States cropland value averaged $4,420 per acre, an increase of $320 per acre (7.8 percent) from the previous year. The United States pasture value averaged $1,480 per acre, an increase of $80 per acre (5.7 percent) from 2020.
How much is pasture rent in Nebraska?
The highest average rate is in the Northern District at $63 per month with the central region around $59 per month. Projecting these rates over a five-month grazing period, it will cost an average of $195 to $315 dollars to graze a cow-calf pair for the summer in Nebraska. Remember that these are only averages.
How do you value a farm?
How do you value farmland?
- Total acres: Number of acres included in the subject property.
- Tillable acres: Number of acres capable of being farmed.
- Soil rating: Soil productivity ratings based on soil composition and quality.
- Comparable sales (aka: comps): Sales with similar land characteristics within your area.
How many cows can you have per acre in Nebraska?
You may have heard a rule-of-thumb is that it takes 1.5 to 2 acres to feed a cow calf pair for 12 months. That means we should be able to have 10 to 13 cows. Let’s see how this rule-of-thumb holds up. It looks like our rule-of-thumb held up pretty good, 11 cows on 20 acres, is 1.8 acres per cow.
How much does CRP pay per acre in Nebraska?
The base soil rental rate for the land is $155 per acre. The annual maintenance payment is $10 per acre.
How is agricultural property valued?
Agricultural property (agribusiness) that does not meet the definition of farm, ranch, or forest land is valued according to its use on the assessment date. The market approach is generally used to determine the value. This approach uses sales of similar properties to arrive at the estimate of value.
What is the average value of farmland in Nebraska?
Average Value of Nebraska Farmland by Land Type Land Type $/Acre %Change Dryland Cropland (No Irrigation Potentia 3,380 7 Grazing Land (Tillable) 1,305 5 Grazing Land (Nontillable) 865 4 Hayland 1,695 3
What is the value of farmland real estate?
Farmland real estate values vary according to agricultural use. Cropland maintains a premium over pastureland due to mostly higher per-acre returns to crop production. Between 2019 and 2020, U.S. average cropland and pastureland values both fell by 0.8 percent, to $4,100 and $1,400 per acre, respectively.
How much does an acre of cropland cost?
Between 2019 and 2020, U.S. average cropland and pastureland values both fell by 0.8 percent, to $4,100 and $1,400 per acre, respectively. The difference between cropland and pastureland values also vary by region.
Is cropland more expensive than pastureland?
Cropland maintains a premium over pastureland due to mostly higher per-acre returns to crop production. Between 2019 and 2020, U.S. average cropland and pastureland values both fell by 0.8 percent, to $4,100 and $1,400 per acre, respectively.