If you’ve been thinking about buying land in Nebraska, you might want to take a look at this year’s Nebraska Farm Real Estate Report by the University of Nebraska-Lincoln Institute of Agriculture and Natural Resources.
The annual report, released recently, revealed that there was an average decrease in Nebraska land values for 2018. “The all-land average value in the state ending February 1, 2019 averaged about 3 percent lower than the year before,” the report said. This was the 5th consecutive year that land values saw a decline.
Several regions of the Cornhusker State saw the same 3 percent decline in values, while the eastern third and central regions saw a bigger decline, compared to the western two-thirds from the previous year.
Indeed, land values across the state have been declining over the past 5 years but with the commodity prices steadily increasing this summer, we might see an increase in activity in land transactions and maybe an increase in land values this fall and winter as well.
Remember that with any price average, Nebraska land values can range significantly. Our Land Professionals are committed to helping you find land within your budget. Take a look at our Nebraska farmland listings to see what we offer.