To the surprise of no one except Sellers, Farm Land Prices have declined slightly in Nebraska.
I believe the slide is directly related to the current price of commodities such as corn and beans...which in all honesty have been manipulated so low that almost every farmer is now losing money to farm!
The attached article is a synopsis of what is happening in Nebraska.
FULL DISCLOSURE: I will be the first to admit I do not totally agree with the numbers of the report.
It should be noted that this is a self reporting analysis...which means not every one is reporting sales and rent rates.
I have never been asked to participate in the survey so it does not include my farm sales or increases in rent rates that I know of and I know of Zero rent reductions. I know the majority of my contacts who are farmers or ag brokers also do not participate.
But if you would like to review the Report as provide by the University of Nebraska Agriculture Department, you can find it here: 2016 Nebraska Farmland Values and Rents
If you, or someone you know is thinking of buying or selling farm land....please give me a shout out! I would love to help them or you!!
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