VALUE OF FARM REAL ESTATE

Nebraska - 1930 to 2001

    Total Value  
  Average of Buildings  
  Value and Land Farm Real Estate Taxes Levied:

Year

Per Acre (Thousands) Per Acre Per $100 of Value Total ($Mil)
1930

$56

$2,495,000

$0.44

$0.85

$19.7

1931

52

2,338,000

0.41

0.94

18.7

1932

44

2,015,000

0.35

1.01

16.0

1933

35

1,609,000

0.29

0.82

13.2

1934

35

1,625,000

0.28

0.81

12.8

1935

34

1,594,000

0.29

0.87

13.7

1936

34

1,587,000

0.29

0.90

13.6

1937

32

1,516,000

0.32

1.05

14.9

1938

30

1,421,000

0.32

1.17

15.3

1939

28

1,310,000

0.31

1.31

14.8

1940

24

1,138,000

0.30

1.35

14.3

1941

22

1,061,000

0.31

1.25

14.5

1942

24

1,157,000

0.30

1.09

14.0

1943

27

1,283,000

0.31

0.91

14.3

1944

33

1,580,000

0.33

0.88

15.4

1945

37

1,760,000

0.38

0.89

17.5

1946

42

1,992,000

0.42

0.88

19.7

1947

47

2,257,000

0.53

0.94

24.8

1948

56

2,649,000

0.55

0.88

25.7

1949

62

2,927,000

0.58

0.98

26.7

1950 58

2,789,000

0.64 1.09 29.6
1951 66

3,192,000

0.62 0.93 28.7
1952 72

3,477,000

0.60

0.79 27.7
1953 75 3,610,000 0.72 0.95 33.2
1954 70 3,386,000 0.73 1.02 33.6
1955 73 3,524,000 0.82 1.10 37.9
1956 73 3,523,000 0.87 1.17 40.2
1957 72 3,501,000 0.93 1.26 43.0
1958 79 3,839,000 0.94 1.17 43.8
1959 86 4,131,000 0.99 1.14 46.1
1960 89 4,308,000 1.11 1.22 51.6
1961 90 4,341,000 1.19 1.30 55.0
1962 95 4,598,000 1.21 1.26 56.1
1963 97 4,647,000 1.31 1.33 60.6
1964 105 5,055,000 1.32 1.25 61.0
1965 111 5,352,000 1.60 1.40 72.1
1966 120 5,805,000 1.79 1.46 81.4
1967 132 6,348,000 1.59 1.22 72.1
1968 143 6,882,000 1.72 1.23 77.4
1969 150 7,238,000 1.99 1.34 88.7
1970 154 7,407,000 2.04 1.31 90.6
1971 157 7,552,000 2.27 1.43 100.7
1972 170 8,177,000 2.45 1.42 108.5
1973 193 9,283,000 2.47 1.26 109.7
1974 242 11,640,000 2.48 1.00 115.5
1975 282 13,508,000 2.88 1.01 128.6
1976 363 17,366,000 3.29 0.89 146.9
1977 420 20,070,000 3.24 0.76 144.8
1978 412 19,702,000 3.92 0.94 175.2
1979 525 25,043,000 4.44 0.83 123.9
1980 635 30,289,000 4.90 0.75 218.0
1981 729 34,773,000 5.25 0.68 233.7
1982 730 34,675,000 5.38 0.70 238.5
1983 701 33,227,000 5.49 0.57 242.8
1984 645 30,444,000 5.74 0.68 252.0
1985 485 22,911,000 5.84 1.05 256.6
1986 416 19,629,000 5.50 1.24 241.3
1987 400 18,885,000 5.96 1.49 261.2
1988 457 21,525,000 6.27 1.37 274.4
1989 511 24,068,000 6.65 1.27 290.8
1990 524 24,680,000 7.43 1.35 325.2
1991 517 24,351,000 7.87 1.41 344.2
1992 517 24,351,000

8.06

1.42

352.8

1993 514 24,209,000

9.10

1.57

398.0

1994 562 26,485,000

9.74

1.53

426.0

1995 580 27,260,000

10.61

1.59

466.5

1996 610 28,670,000

NA

NA

NA

1997 620 28,768,000

NA

NA

NA

1998 645 29,928,000

NA

NA

NA

1999 670 31,088,000

10.09

1.21

495.6

2000 1 695 32,248,000

NA

NA

NA

2001 1 725

33,640,000

NA

NA

NA

NA - not available
Preliminary.
Sources:  Nebraska Agricultural Statistics Service, Nebraska Agricultural Statistics, 1998/99, 2000;
U.S. Department of Agriculture, 2000 Agricultural Statistics, 2001, "Farm Real Estate
Historical Series Data, 1950-92," 1996 update, and Agricultural Economics and Land Ownership
Survey (1999), December 2001.
Last Updated: 4/16/02
By Nebraska Databook
 
Call Kevin McCully, McCully Land Brokers at 308-546-9410