The value of agricultural land in Nebraska dropped one percent over the past year to an average of $3,095 per acre as of February 1. That’s according to a preliminary report from the University of Nebraska-Lincoln. It’s the second consecutive year of declining land values since the market topped at $4,015 per acre in 2024. Land industry professionals who participated in this year’s survey attributed the decline to lower crop prices, higher farm input costs, and prevailing interest rates. “Many operations are facing tighter liquidity as crop revenues decline while input costs remain elevated,” said Jim Jansen, an extension ag economist for the University of Nebraska. “Those conditions are leading producers and lenders to take a more cautious approach when navigating these financial pressures.” The report found that cropland values generally declined across Nebraska over the past year as tighter crop margins weighed on land markets. “Flexible lease provision can help manage price risks,” he added.
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