Nebraska Farm Real Estate and Custom Rates
Nebraska Farmland Values and Cash Rental Rates
The market value of agricultural land in Nebraska increased by 5% over the prior year to an average of $4,015 per acre, according to the 2024 Nebraska Farm Real Estate Market Survey. This marks the third consecutive year of increases in the market value of agricultural land in Nebraska, setting another high in the noninflation-adjusted statewide land value in the survey's 46-year history.
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Nebraska Farm Custom Rates
A survey of agricultural custom operators is conducted in Nebraska every two years. A total of 159 survey responses were received in 2024 with information reflecting the current rates charged by custom operators for machine hire services and other work they provide for neighboring farms and ranches or as part of a business enterprise that covers a broader area. Survey participants identified by Nebraska Extension personnel, or in some cases, self-identified custom operators, received a paper survey or a web link to complete the custom rates survey online.
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