Home / News / Business news / Irrigation big for NE land prices

Irrigation big for NE land prices

Jeff Caldwell 10/10/2011 @ 1:27pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

If new data for land values and rents in Nebraska is any indication, potential means everything.

Dryland ground with "potential for irrigation development" saw the highest gains over the last 5 years, according to a report released this week by University of Nebraska (UNL) Extension specialists. That land saw a 105% increase in price between 2006 and 2011. Land already developed with a center pivot irrigation system had the second-highest gain at 102%.

For that same period, UNL Extension's Tom Dorn says dryland ground with "no irrigation potential" still saw big gains; that category increased in price by 70% in those same 5 years.

"Cropland values have appreciated considerably in the last several years reflecting higher commodity prices. With only a few exceptions cash rental rates have climbed and followed gains in land values quite closely," Dorn says. "Cash rents increased from 46% to 91% during that same period."

   

CancelPost Comment
MORE FROM JEFF CALDWELL more +

'HMO' labels in the future? By: 10/30/2014 @ 12:52pm Growing crops will not always take place in open fields. There's a growing number of companies…

The Farmer's Holiday Gift-Buying Guide… By: 10/30/2014 @ 9:54am The holiday season is on its way. Why wait until the last minute to get your gift shopping done? If…

Midweek Weather Hits: Mostly Dry Now, Cooler… By: 10/29/2014 @ 9:24am With the exception of a few showers in parts of the region -- some of which added up to an inch of…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes