UNL: Ag land values up, farm income down in 2024

Center for Ag Profitability reports 

  • Ag land values in Nebraska’s East Region, of which Hamilton County is a part, are the highest in the state, coming in at $9,730 per acre as reported by UNL’s 2024 Nebraska Farm Real Estate Market Survey preliminary report released last month. Ag land values rose 4 percent in the region, while values in the Northeast Region increased the most with a 6 percent rise.
    Ag land values in Nebraska’s East Region, of which Hamilton County is a part, are the highest in the state, coming in at $9,730 per acre as reported by UNL’s 2024 Nebraska Farm Real Estate Market Survey preliminary report released last month. Ag land values rose 4 percent in the region, while values in the Northeast Region increased the most with a 6 percent rise.
  • A projected decline in farm income in Nebraska this year is attributed to a downturn in crop receipts in the state—due to lower crop prices in 2023—that look to fall further in 2024.
    A projected decline in farm income in Nebraska this year is attributed to a downturn in crop receipts in the state—due to lower crop prices in 2023—that look to fall further in 2024.
The market value of agricultural land in Nebraska is up in 2024, however, the state’s farm income is projected to fall this year, according to recent articles published by the Center for Agricultural Profitability (CAP) at the University of Nebraska-Lincoln. In an article published March 12, the CAP reported that the market value of agricultural land in Nebraska had increased by 5 percent over…

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