Nebraska Cropland Grows in Value

The 2010 University of Nebraska-Lincoln Farm Real Estate Survey reports that Nebraska agricultural land value has increased as of February 2010.
Dry cropland with no irrigation potential increased by 6.4 percent and that land with irrigation potential increased by 7.3 percent according to the survey. Gravity irrigated cropland rose by 5.2 percent and center-pivot irrigated cropland also rose by 6.1 percent.
Bruce Johnson, leader of the survey and agricultural economist at the University of Nebraska-Lincoln, said an overall statewide increase of 4.4 percent is attributed to upward gains of cropland and downward pressure from rangeland.
See the full report here.
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