Explore undefined agriculture and learn what makes it unique.
Nebraska has been a long time production leader in the United States, and today ranks 4th in the country for value of commodities sold as well as 6th in the country for total agricultural exports. Corn remains one of Nebraska’s most important commodities accounting for 26% of sales receipts. However, today the top commodity is Cattle which makes up 50% of the state’s agricultural sales. Of Nebraska’s total land area of 49 million acres, nearly 45 million acres is made up of farmland, more than any other state in the US. As of 2017, there were a total of 46,332 farms with an average size of 971 acres.
Over the last 20 years, farmland rental rates per acre in the nebraska have risen from an average of $88 per acre in 1999 to $191 per acre in 2019. This represents an increase of $103 over this time period with an average implied capitalization rate of 5.6%.
Current Rental Rate Per Acre
Cash Rent per Acre
Average Annual Cap Rate
Implied Annual Capitalization Rate