Nebraska remains a key state within Land Sales Bulletin’s 10‑state Midwest reporting region, and the latest preliminary data from the 2026 University of Nebraska Farm Real Estate Market Survey reflects a market adjusting to tighter margins and shifting sector strength.
Statewide farmland values dipped 1% to $3,905 per acre, marking the second consecutive year of decline as crop producers face narrower margins and softer receipts. In contrast, grazing and hay land values rose 4% to 7%, supported by strong cattle prices and historically low cow herd numbers.
Regional differences remain notable:
- East District continues to lead at $9,315/acre (down 1%).
- North Region saw the strongest gains, up 4%.
- Southeast District posted the largest decline at –3%.
Cash rents followed similar patterns, with cropland rents slipping 1% to 9% depending on land type, while pasture rents strengthened.
As one of Land Sales Bulletin’s core Midwest reporting states, Nebraska’s evolving land values, rental trends, and sector‑specific pressures continue to shape the broader regional story. The final UNL report, expected in June, will add detail on land grades, transaction characteristics, and auction trends. Read more from Farm Progress: Average Nebraska farmland values drop for second straight year
