Agricultural real estate in Nebraska has continued to increase in value for the second consecutive year. Still image courtesy of Swan Land Company.

Farmland prices skyrocket as demand continues to climb. The sellers’ market has benefited from a squeeze on the supply of available parcels. The preliminary results of a report for farm real estate in Nebraska, which includes cropland and ranchland, came out in early March. The Nebraska Farm Real Estate report surveys farmers and ranchers and shows a rise in Nebraska agricultural real estate values which can be attributed to low-interest rates, crop prices, and COVID-19 disaster assistance payments provided to operators across the state. Jim Jansen, agricultural systems economist extension educator at the University of Nebraska, and Randy Dickhut, senior vice president of Real Estate Operations at Farmers National Company, discuss the current agriculture real estate market and the future outlook.