Land Values Remain Steady

Common Ground, a publication by Farm Credit Services of America (FCSA), reports farm values in Nebraska declined 1.0 percent over the past six months, 0.9 percent over the past year, and 13.7 percent over the past five years. In comparison, Iowa farmland values over the past six months dropped 1.4 percent; South Dakota values fell 2 percent; and values in Wyoming inched up a bit. FCSA also reports the most common methods of selling cropland in Nebraska was through realtors (37 percent), public auctions (32 percent), and private sales (27 percent). Auction “no sales” declined from 4.3 percent in 2017 to 2.9 percent in 2018.