Nebraska’s farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2022, according to USDA’s National Agricultural Statistics Service. According to the data, the average farm real estate value for 2023 in Nebraska stands at $4,240 per acre. This figure demonstrates an upswing of $490 per acre, reflecting a growth of 13% when compared to the valuation
in 2022. Cropland value increased 14% from last year to $6,830 per acre. Dryland cropland value averaged $5,550 per acre, $750 higher than last year. Irrigated cropland value averaged$8,900 per acre, $950 above a year ago. Pastureland, at $1,440 per acre, was $200 higher than the previous year. Cash rents paid to landlords in 2023 for cropland increased from last year. Irrigated cropland rent averaged $277.00 per acre, $17.00 above last year. Dryland cropland rent averaged $164.00 per acre, $2.00 higher than a year earlier. Pasture rented for cash averaged $27.00 per acre, $1.00 above the previous
year. County-level averages of 2023 cash rents paid to landlords will be released on August 25th.