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Farmland Value Up

 
Farmland Value Up

AP:  The value of cropland in Nebraska continues its upward climb, rising 6.6% from a year ago to an average of $5,180 an acre.  The value of cropland has been on the rise in many states in recent years.  Nebraska cropland has increased 113% since 2010.

The U-S Department of Agriculture says in a report released Friday the average value of farm real estate in Nebraska - a measurement of the value of all land and buildings on farms - climbed 11.4% to $3,120 an acre.

The state trend reflects a similar increase nationally.  The USDA says U-S cropland value is up 7.6% and farm real estate values rose 3.1%. 

The annual report is based on producer surveys completed in the first two weeks of June. 

The average value of an acre of cropland in Iowa rose 9.4% from a year ago to a record $8,750.  Iowa leads the nation in the value of farmland and buildings with a total value of $235.6 billion.  That's up nearly 18%. 

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