Nebraska ag land values fell two-percent overall in a farm real estate market survey from the University of Nebraska-Lincoln. It covered the 12 month period ending February 1st. UNL Extension educator Jim Jansen says that average doesn’t tell the whole story.

The prices for grassland were up 10 to 15-percent statewide, while pasture rental rates were up from 10 to 30-percent.

Jansen says the changes in land values were also reflected in cash rental rates. He says cropland rental rates declined five to 10 percent.

Pasture rental rates were up from 10 to 30 percent. Despite the recent declines in cropland prices, average farmland values in Nebraska are still up 34 percent from 2012 and 116 percent from 2010.