Farmers and ranchers in Nebraska are paying the highest cash rental rates on record an economist says that won’t change soon.
Jim Jansen with the University of Nebraska-Lincoln says rates jumped anywhere from 10 to 15 percent, matching a 10-year trend. “Some of the major driving forces were the changes in commodity prices in terms of expectations on what the commodities were worth,” he says. “Input expenses followed that so it was a balancing act to figure out where cash rents should be given the cost and income associated with it.”
The 2022 Nebraska Farm Real Estate Market Survey of landowners and producers showed the highest value was $400 per acer in Northeast Nebraska for irrigated crop land.