2013 Nebraska Agland Market Highlights. by Bruce Johnson UNL Department of Agricultural Economics [email protected] The Market in a Nutshell “A $ 7 Corn Land Market With $ 5 Corn on the Horizon”. Recent History:. Land Boom Conditions. Nebraska at the “Epicenter”
“A $7 Corn Land Market
With $5 Corn on the Horizon”
Land Boom Conditions
Nebraska at the “Epicenter”
of the U.S. Land Boom
the Country, but Nebraska And Neighboring
States Leading the Nation
0 5 10 15 20 25 30 35 40
Rank / State
USDA Farmland Value Percentage Changes
6/1/2011 – 6/1/2012
Source: Economic Research Service, U.S. Department of Agriculture
Nebraska Land Values Climb 25% in Past 12 Months
2013 Values and Recent Trends by Land Class in Nebraskaa
a Source: Annual February 1st UNL Nebraska Farm Real Estate Market Surveys.
b Value of pivot not included in per acre value.
2013 Nebraska Farmland Values and Recent Trends
by Sub-State Region
Source: Annual UNL Nebraska Farm Real Estate Market Surveys.
Agricultural Land Values
#1 Record-Shattering Farm Income Levels
Historically Low Interest Rates
Farm Income Levels
0 1 2 3 4 5 6
Source: UNL Nebraska Farm Real Estate Market Developments Survey Series
Value–to–Cash Rent Ratio
Climbing into New Territory!
Value-to-Cash Rent Multiple For Eastern Nebraska Center Pivot Cropland, 1981-2012P
Increasing Input Costs?
Are Tenants Taking on
Too-High of Rents?
Prices and Yields
If Paid $350/AC for Irrigated and $220/AC Dryland Cropland
If Paid $350/AC For Irrigated
and $220/AC Dryland Cropland
The Boom Years May Be Over
Real Estate Meltdown Unlikely
--But Some Readjustment
on the Horizon
Corn Price In:
Weather Patterns In: