Ag land value in Nebraska dropped 2% for the first time in six years according to the University of Nebraska–Lincoln 2024-25 Farm Real Estate Market Survey.
More specifically, the crop land value declined while grazing land value slightly increased. These changes, which vary slightly across the state, are a reflection of both market prices and cost of input for production according to Jim Jansen a UNL agriculture economist.
“For 2025 the expectations… the margins or profitability might have moderated this year compared to the last several years,” Jansen said. “The expectations for prices may not be quite as high as what they’ve been and with that being a reflection of the cost of production… we’re maybe starting to see that be fit into the value of that land asset.”
Comparatively, the cattle market has also had an impact on grazing land values.
“In responding to the cattle cycle that we’re in, the profitability of cow calf producers on average is considerably different than it has been the last several years,” Jansen said. “And with the expectation at least for profitability in cattle as calves are coming off grass this fall, we’re starting to see that fit into the market value of grazing land or pasture, rangeland, and hay land that helps support the cow calf industry in Nebraska.”
For more information you can visit Nebraska ag land values fall 2% amid lower crop prices, rising costs | Nebraska Today or Center for Agricultural Profitability | Nebraska.
