nebraska agricultural land cash rental rates 2019...mar 13, 2019  · nebraska farm real estate...

NEBRASKA AGRICULTURAL LAND CASH RENTAL RATES 2019

DEPARTMENT OF AGRICULTURAL ECONOMICSUNIVERSITY OF NEBRASKA-LINCOLN

MARCH 13, 2019

Nebraska Farm Real Estate Values Continue Gradual Declines in 2019

Cornhusker Economics - March 13, 2019

Jim JansenAgricultural Economist

University of Nebraska-Lincolnjjansen4@unl.edu

402-261-7572

Jeff StokesHanson-Clegg-Allen Endowed Chair Agricultural Banking and FinanceUniversity of Nebraska-Lincoln

jeffery.stokes@unl.edu402-472-1742

• Annual survey conducted since 1978 of Nebraska agricultural appraisers, professional farm managers, and bankers engaged in the land industry.• Preliminary results for land values and rental rates published the second week of

March.• Full report published the following June.

• Nebraska Farm Real Estate website full access to these resources: https://agecon.unl.edu/realestate

Nebraska Farm Real Estate Survey

Nebraska Agricultural Statistics Districts

Nebraska Dryland Cropland Rental Rates 2019 Preliminary Estimates

North$50/ac

-6%Northwest

$27/ac-4%

Southwest$39/ac

-5%

Central$85/ac

-4%

Northeast$205/ac

-2%

East$200/ac

5%

Southeast$155/ac

-3%

South$75/ac

-2%

Nebraska Dryland Cropland Rental Rates 2019Preliminary Estimates

NorthH: $88/acA: $50/acL: $38/ac

NorthwestH: $38/acA: $27/acL: $21/ac

SouthwestH: $59/acA: $39/acL: $33/ac

CentralH: $110acA: $85/acL: $69/ac

NortheastH: $245/acA: $205/acL: $165/ac

EastH: $230/acA: $200/acL: $165/ac By Region

High Grade (H)Average (A)Low Grade (L) South

H: $100/acA: $75/acL: $48/ac

SoutheastH: $190/acA: $155/acL: $130/ac

Nebraska Gravity Irrigated Cropland Rental Rates 2019 Preliminary Estimates

North$165/ac

-3%Northwest

$110/ac-4%

Southwest$155/ac

-6%

Central$200/ac

-2%

Northeast$255/ac

2%

East$245/ac

-4%

Southeast$230/ac

2%

South$190/ac

-5%

Nebraska Gravity Irrigated Cropland Rental Rates 2019 Preliminary Estimates

NorthH: $190/acA: $165/acL: $115/ac

NorthwestH: $130/acA: $110/acL: $92/ac

SouthwestH: $200/acA: $155/acL: $120/ac

CentralH: $250/acA: $200/acL: $165/ac

NortheastH: $280/acA: $255/acL: $220/ac

EastH: $285/acA: $245/acL: $210/ac By Region

High Grade(H)Average (A)Low Grade (L) South

H: $240/acA: $190/acL: $170/ac

SoutheastH: $260/acA: $230/acL: $190/ac

Nebraska Center Pivot Irrigated Cropland Rental Rates 2019 Preliminary Estimates

North$180/ac

-10%Northwest

$145/ac-3%

Southwest$185/ac

-3%

Central$215/ac

-2%

Northeast$280/ac

-3%

East$285/ac

2%

Southeast$250/ac

-4%

South$205/ac

-5%

Nebraska Center Pivot Irrigated Cropland Rental Rates 2019 Preliminary Estimates

NorthH: $220/acA: $180/acL: $140/ac

NorthwestH: $185/acA: $145/acL: $110/ac

SouthwestH: $220/acA: $185/acL: $155/ac

CentralH: $265/acA: $215/acL: $185/ac

NortheastH: $325/acA: $280/acL: $265/ac

EastH: $330/acA: $285/acL: $240/ac

By RegionHigh Grade (H)Average (A)Low Grade (L) South

H: $255/acA: $205/acL: $185/ac

SoutheastH: $300/acA: $250/acL: $210/ac

Nebraska Pasture Rental Rates 2019Preliminary Estimates

North$24/ac

-6%Northwest

$11/ac1%

Southwest$20/ac

-2%

Central$31/ac

-5%

Northeast$59/ac

-4%

East$47/ac

-3%

Southeast$46/ac

-1%

South$34/ac

-4%

Nebraska Pasture Rental Rates 2019 Preliminary Estimates

NorthH: $38/acA: $24/acL: $14/ac

NorthwestH: $18/acA: $11/acL: $8/ac

SouthwestH: $26/acA: $20/acL: $17/ac

CentralH: $45/acA: $31/acL: $25/ac

NortheastH: $78/acA: $59/acL: $42/ac

EastH: $68acA: $47/acL: $37/ac By Region

High Grade (H)Average (A)Low Grade (L) South

H: $43/acA: $34/acL: $25/ac

SoutheastH: $61/acA: $46/acL: $39/ac

Nebraska Cow-Calf Pair Monthly Rental Rates 2019Preliminary Estimates

North$57.35/pair

-3%Northwest$36.35/pair

2%

Southwest$45.80/pair

-7%

Central$50.80/pair

-3%

Northeast$54.95/pair

5%

East$49.25/ac

2%

Southeast$46.65/pair

-1%

South$44.35/pair

-5%

Nebraska Cow-Calf Pair Monthly Rental Rates 2019 Preliminary Estimates

NorthH: $70.85/pairA: $57.35/pairL: $45.95/pair

NorthwestH: $46.30/pairA: $36.35/pairL: $28.80/pair

SouthwestH: $59.30/pairA: $45.80/pairL: $40.70/pair

CentralH: $62.85/pairA: $50.80/pairL: $42.85/pair

NortheastH: $72.00/pairA: $54.95/pairL: 42.15/pair

EastH: $62.35/pairA: $49.25/pairL: $43.75/pairBy Region

High Grade (H)Average (A)Low Grade (L) South

H: $57.50/pairA: $44.35/pairL: $38.10/pair

SoutheastH: $55.35/pairA: $46.65/pairL: $34.35/pair

• Please address questions regarding preliminary estimates from the 2019 Nebraska Farm Real Estate Survey to Jim Jansen at (402) 261-7572 or jjansen4@unl.edu

Questions?