Nebraska's farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2012, according to USDA's National Agricultural Statistics Service, Nebraska field office.
Farm real estate value for 2013 averaged $3,050 per acre. This is up $460 per acre or 18 percent higher than last year's level, according to NASS.
Cropland value increased 19% from last year to $5,330 per acre. Dryland crop ground value averaged $4,060 per acre, up $560 from last year. Irrigated cropland value averaged $7,300 per acre, up $1,300 from a year ago. Pastureland, at $700 per acre, increased $40 from a year ago.
Cash rent paid to landlords in 2013 for cropland also increased from last year. Irrigated cropland rent averaged $260 per acre, an increase of $35 from last year. Dryland cropland rent averaged $147 per acre, up $16 from a year earlier.
Pasture rented for cash, which averaged $20.00 per acre, is up $2.50 from the previous year.
County level averages of 2013 cash rents paid to landlords will be released on Sept. 6 and will be available through NASS Quick Stats. Quick Stats is located at http://quickstats.nass.usda.gov/.
You can find more agricultural statistics for your county, Nebraska and the nation at www.nass.usda.gov.