nebraska agricultural land cash rental rates 2019...mar 13, 2019 · nebraska farm real estate...
TRANSCRIPT
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 [email protected]
402-261-7572
Jeff StokesHanson-Clegg-Allen Endowed Chair Agricultural Banking and FinanceUniversity of Nebraska-Lincoln
• 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 [email protected]
Questions?