USDA Reports on Land Values and County-Level Cash Rent Estimates in Nebraska for 2024

Survey findings from the USDA-National Agricultural Statistics Service (USDA-NASS) estimated that the value of Nebraska farm real estate, which includes all agricultural land and buildings, increased by 6.8% in 2024, to an average of $4,080 per acre (Figure 1). The year-over-year changes reflect an increase of $260 for this annual period (USDA-NASS 2024a). Florida and Tennessee lead the nation with the highest growth rates in farmland market value at 13.4% and 10.7%, with average market values of $8,300 and $5,710 per acre, respectively. Nebraska ranks 13th for the percentage increase in farm real estate compared to other states in 2024.