LINCOLN, Neb. — Nebraska’s agricultural land values have decreased for the first time in six years, dropping 2% to an average of $3,935 per acre, according to the University of Nebraska–Lincoln’s 2024-25 Farm Real Estate Market Survey.
“Crop producers are dealing with pressure on their margins. The combined effect of softer commodity markets and higher costs is being reflected in what people are willing to pay for different types of cropland,” said Jim Jansen, an agricultural economist with Nebraska Extension.
The report highlights regional variations in land values, with grazing land showing modest gains due to higher livestock prices, while irrigated and dryland cropland values have declined in many areas. “Higher cattle prices have helped support the value of grazing land, while lower crop prices and tighter margins are putting pressure on cropland values,” said Jansen…