Ethanol boom causing land prices to soar


Ethanol is not only pumping up the price of corn in Nebraska, but also farm real estate market values and cash rent rates values have seen a 14-percent increase, according to the preliminary results of the University of Nebraska-Lincoln’s annual Farm Real Estate Market Development Survey.

Nebraska farmland’s average value for the year ending Feb. 1 was $1,155 per acre, compared to $1,013 per acre at this time last year. This was the largest all-land value increase in the past 19 years. The state’s current all-land average value is more than 50 percent higher than the 2003 level.

The Grand Island Independent 


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