Nebraska farmland values continue to rise - kotanow.com- Scottsbluff Area News, Sports, and Weather

Nebraska farmland values continue to rise

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One of Nebraska's most valuable assets has once again increased in value.

Nebraska farmland values rose almost 25 percent last year and are already showing increases for 2013.

A University of Nebraska-Lincoln study has found a 13 percent increase in the panhandle alone.

Researchers say many factors account for the increases, including good commodity prices and high demand.

Jessica Johnson of the UN-L Extension Center says the state's drought doesn't affect land prices in KOTA Territory.

"Here in the panhandle we have a lot of irrigation, so while others are struggling with drought, usually we have the ability to irrigate those commodities," she said. "So prices are really high because there's a lot of supply."

Land values in Nebraska are estimated at more than $3,000 an acre.

That number has more than doubled in the past three years.

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