The University of Nebraska – Lincoln Farm Real Estate Market Survey for 2018 indicates farmers are having a tougher time. Agriculture land values declined about three-percent over the past year. Nebraska Extension Agricultural Systems Economist Jim Jansen says low commodity prices continue to fall.
Jansen says they take into account all types of agricultural land in the report.
Farmland was valued at $3,315 an acre in 2014 on average. That is now down to $2,745 in 2018, about a 17 percent drop.
