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.
