OMAHA, Neb. (AP) - The average value of Nebraska farmland declined 2 percent to $5,070 per acre over the past year.
The decline reflects generally weaker crop prices in recent years as the surge in farmland values finally cools off.
The U.S. Department of Agriculture said Wednesday that the average value of farm real estate in Nebraska - a measurement of the value of all land and buildings on farms - also decreased 2 percent to $3,050 per acre.
The annual report is based on producer surveys completed in the first two weeks of June
The USDA says irrigated cropland values lost $230 per acre to $6,870 on average. Dry cropland was valued at an average of $3,970 per acre, which was down $30. Pastureland values declined $30 per acre to $870
© Associated Press
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Rural Horton man arrested on multiple drug charges
Services set for Effingham woman killed in crash
Street lights to be discussed at Monday city meeting
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
Barricaded fugitive arrested in Jackson County
USD 430 Board accepts resignations, approves new hires
U.S. 36 work in Doniphan Co to impact motorists
Fatal Atchison apt fire investigation continues
Results from SE Nebraska contested Primary Elections
Truck fire at CGB facility in Falls City
Flags to fly half staff Wednesday across KS
BC's Pate remembered by students, college family
LATEST STORIES
Nemaha NRD Board appoints new Director
Johnson-Brock Board approves personnel changes
KS Omnibus Budget signed; funds mental health, economy, others
Pawnee City School to move forward with strategic planning
Falls City High School parking lot project approved
Annual fire hydrant flushing underway in Falls City
Memorial Day enforcement hits KS roads
Plastic ducks set to race in Atchison Saturday
RELATED STORIES
Antique tractor drive to end in Falls City
FSA County Committee Nominations Open June 15
Grain Dryer Fire at Falls City Facility
Farmers Struggle to Repay Loans
Ag Waste As Renewable Fuel Study
Livestock Friendly Designation for Richardson Co
Farm To School Conference Set for Nebraska City