Our Company’s Nebraska Real Estate & Auction Services
DreamDirt Can Help You Sell Your Nebraska Farm or Ranch Land
If you’re preparing to sell farmland, it’s important to know current land values, recent farm sales in your county, and the latest real estate news.
At DreamDirt, we want to provide a safe place for Nebraska farmland sellers to receive accurate information and learn about the process of selling their land.
Our team of auctioneers and land brokers offers a one-stop-shop approach to farm or ranch liquidation. We’ll help you learn more about the price of your farm, the current market conditions, and how to best sell your land.
Our Nebraska Auction & Real Estate Services
Our services are unique because we offer options that are altered to your needs. With marketing platforms for real estate, personal property, and livestock, DreamDirt is a full-service provider from the top to the bottom of every transaction, including:
• Farmland Auctions
• Online Land Auctions
• In Person Live Auctions
• Private Treaty Negotiated Real Estate Listings
• Farm Equipment and Retirement Auctions through FarmBid
We strive to be Nebraska’s leading farmland auction company. Over the years we’ve helped thousands of clients in the Midwest sell their assets and heard their appreciation of how we’re dedicated to maximizing the value of their property. In 2022, we managed a farm auction that set the record price for farmland sold in Nebraska.
We have real estate agents and auctioneers in Nebraska who can quickly service your listing and bring you the best potential outcome. Ready to see how we can help you? Get started today by requesting a free market analysis for your farm or calling our auctioneer, Jason Smith, at 515-537-6633 .
2023 Nebraska Farm Real Estate News
Prices for all types of Nebraska farmland have risen 14% from 2022 to 2023. We expect farmland prices will moderate this year, but we don’t see any likelihood of sharp increases or declines in their value.
Obvious valuation differences exist in different types of farmland across the state. Dryland versus irrigated cropland can vary in price within the same region, while values in western Nebraska differ from eastern Nebraska. This video from the University of Nebraska at Lincoln offers a comprehensive look at the current state of Nebraska’s farmland prices.
Breaking Down Nebraska’s Farmland Prices
To preface, this information is derived from a survey conducted by the Nebraska Institute of Agriculture and is not based on actual farmland sales or auction results. Although these numbers represent the closest estimation of actual farmland prices, it is important to note that the numbers shown in this report are averages and should be treated as such. Additionally, each farm is unique, and a trained professional is necessary to accurately estimate the potential value of your land.
In this report, we will take a look at farmland prices by area as well as by land type. Our data will be expressed as the average price per acre, as of Feb. 1, 2023. Another metric you will see throughout the report is market value percent change, which is conducted using the previous year’s data.
The market value average for all agricultural land in Nebraska reached historic numbers this past year. Increasing 14% from the prior year at an average of $3,835 per acre. This marks the second-largest increase in the market value of agricultural land since 2014.
According to the 2023 Nebraska Farm Real Estate Market Survey, this also marks the highest non-inflation-adjusted state-wide land value in the history of the survey, dating back to 1978.
Irrigated, Dryland & Grazing Land Prices Increase in Nebraska
Below you will see the statewide averages by land type, followed by the regions of Nebraska ranked by all-land average.
The east division of the state tops the charts with an average of $9,320 per acre. On the other end, the northwest region takes the title for the lowest average at $935.
Among cropland, dryland cropland with irrigation potential has experienced the largest overall increase of 16%, including gains of between 17% and 21% in the northeast, southwest, and southeast regions.
In regards to grazing land and hayland, hayland takes the lead with an estimated increase of 17%. Followed up at 15%, nontillable grazing land included market value gains between 13% and 20% in its prominent grazing regions. Lastly, tillable grazing land was estimated at a 14% increase in value. The survey credits the competition for additional acres across the state due to the drought as the cause of these increases in grazeland and hayland.
Nebraska Average Per Acre Price and Percent Change from Previous Year
| Average Value by Land Type | $/acre | % Change |
|---|---|---|
| All Land Average | 3,835 | 14 |
| Center Pivot Irrigated Cropland | 8,760 | 13 |
| Gravity Irrigated Cropland | 7,905 | 12 |
| Dryland Cropland (Irrigation Potential) | 6,070 | 16 |
| Dryland Cropland (No Irrigation Potential) | 4,395 | 13 |
| Grazing Land (Tillable) | 1,680 | 14 |
| Grazing Land (Non-tillable) | 1,090 | 15 |
| Hayland | 2,210 | 17 |
Eastern Nebraska Farm Prices
Current average per acre prices for counties in Eastern Nebraska, including Nance, Merrick, Hamilton, Platte, Colfax, Dodge, Washington, Sarpy, Douglas, Saunders, Butler, Polk, York, Seward, Lancaster, and Cass.
Northeastern Nebraska Farm Prices
Current average per acre prices for counties in Northeast Nebraska, including Knox, Cedar, Dixon, Dakota, Thurston, Burt, Cuming, Stanton, Wayne, Pierce, Antelope, Boone, and Madison
| Average Value by Land Type | $/acre | % Change |
|---|---|---|
| All Land Average | 9,320 | 15 |
| Center Pivot Irrigated Cropland | 12,970 | 19 |
| Gravity Irrigated Cropland | 11,290 | 20 |
| Dryland Cropland (Irrigation Potential) | 9,535 | 13 |
| Dryland Cropland (No Irrigation Potential) | 8,365 | 11 |
| Grazing Land (Tillable) | 4,615 | 18 |
| Grazing Land (Non-tillable) | 2,865 | 5 |
| Hayland | 3,980 | 15 |
| Average Value by Land Type | $/acre | % Change |
|---|---|---|
| All Land Average | 8,035 | 16 |
| Center Pivot Irrigated Cropland | 11,710 | 16 |
| Gravity Irrigated Cropland | 9,800 | 9 |
| Dryland Cropland (Irrigation Potential) | 8,890 | 19 |
| Dryland Cropland (No Irrigation Potential) | 7,845 | 13 |
| Grazing Land (Tillable) | 4,185 | 15 |
| Grazing Land (Non-tillable) | 2,695 | 9 |
| Hayland | 3,845 | 11 |
Southeastern Nebraska Farm Prices
Current average per acre prices for counties in Southeast Nebraska, including Clay, Fillmore, Saline, Gage, Otoe, Johnson, Nemaha, Richardson, Pawnee, Jefferson, Thayer, and Nuckolls
Northern Nebraska Farm Prices
Current average per acre prices for counties in Northern Nebraska, including Cherry, Keya Paha, Boyd, Holt, Rock, Brown, Grant, Hooker, Thomas, Blaine, Loup, Garfield, Wheeler, Arthur, McPherson, and Logan
| Average Value by Land Type | $/acre | % Change |
|---|---|---|
| All Land Average | 7,090 | 17 |
| Center Pivot Irrigated Cropland | 11,415 | 14 |
| Gravity Irrigated Cropland | 8,485 | 11 |
| Dryland Cropland (Irrigation Potential) | 8,110 | 21 |
| Dryland Cropland (No Irrigation Potential) | 6,425 | 17 |
| Grazing Land (Tillable) | 3,460 | 6 |
| Grazing Land (Non-tillable) | 2,750 | 10 |
| Hayland | 3,695 | 18 |
| Average Value by Land Type | $/acre | % Change |
|---|---|---|
| All Land Average | 1,450 | 12 |
| Center Pivot Irrigated Cropland | 5,065 | 4 |
| Gravity Irrigated Cropland | 4,455 | 6 |
| Dryland Cropland (Irrigation Potential) | 2,365 | 5 |
| Dryland Cropland (No Irrigation Potential) | 1,960 | 7 |
| Grazing Land (Tillable) | 1,550 | 13 |
| Grazing Land (Non-tillable) | 870 | 17 |
| Hayland | 1,680 | 23 |
Central Nebraska Farm Prices
Current average per acre prices for counties in Central Nebraska, including Custer, Valley, Greeley, Howard, Sherman, Dawson, Buffalo, and Hall
Southern Nebraska Farm Prices
Current average per acre prices for counties in Southern Nebraska, including Gosper, Phelps, Kearney, Adams, Webster, Franklin, Harlan, Phelps, and Furnas
| Average Value by Land Type | $/acre | % Change |
|---|---|---|
| All Land Average | 4,210 | 10 |
| Center Pivot Irrigated Cropland | 8,890 | 10 |
| Gravity Irrigated Cropland | 7,235 | 3 |
| Dryland Cropland (Irrigation Potential) | 4,255 | 10 |
| Dryland Cropland (No Irrigation Potential) | 3,830 | 8 |
| Grazing Land (Tillable) | 2,620 | 21 |
| Grazing Land (Non-tillable) | 2,030 | 20 |
| Hayland | 2,610 | 17 |
| Average Value by Land Type | $/acre | % Change |
|---|---|---|
| All Land Average | 4,850 | 11 |
| Center Pivot Irrigated Cropland | 8,370 | 8 |
| Gravity Irrigated Cropland | 7,820 | 14 |
| Dryland Cropland (Irrigation Potential) | 4,535 | 9 |
| Dryland Cropland (No Irrigation Potential) | 3,990 | 15 |
| Grazing Land (Tillable) | 2,595 | 13 |
| Grazing Land (Non-tillable) | 1,685 | 7 |
| Hayland | 2,270 | 9 |
Southwestern Nebraska Farm Prices
Current average per acre prices for counties in Southwest Nebraska, including Keith, Lincoln, Perkins, Chase, Hayes, Frontier, Red Willow, Hitchock, and Dundy
Northwestern Nebraska Farm Prices
Current average per acre prices for counties in Northwestern Nebraska, including Sioux, Dawes, Sheridan, Garden, Deuel, Box Butte, Morrill, Cheyenne, Scotts Bluff, Banner, and Kimball
| Average Value by Land Type | $/acre | % Change |
|---|---|---|
| All Land Average | 2,025 | 12 |
| Center Pivot Irrigated Cropland | 5,495 | 12 |
| Gravity Irrigated Cropland | 4,350 | 5 |
| Dryland Cropland (Irrigation Potential) | 2,080 | 17 |
| Dryland Cropland (No Irrigation Potential) | 1,720 | 10 |
| Grazing Land (Tillable) | 1,150 | 9 |
| Grazing Land (Non-tillable) | 945 | 15 |
| Hayland | 1,755 | 14 |
| Average Value by Land Type | $/acre | % Change |
|---|---|---|
| All Land Average | 935 | 13 |
| Center Pivot Irrigated Cropland | 3,280 | 7 |
| Gravity Irrigated Cropland | 2,760 | 10 |
| Dryland Cropland (Irrigation Potential) | 985 | 15 |
| Dryland Cropland (No Irrigation Potential) | 905 | 21 |
| Grazing Land (Tillable) | 735 | 18 |
| Grazing Land (Non-tillable) | 575 | 13 |
| Hayland | 930 | 12 |
How We Helped Set Nebraska’s Farm Sale Record
The highest-selling farmland this past year set the record price for farmland sold in Nebraska and was managed by none other than DreamDirt.
The record took place in October of 2022 in Richardson County. The sale included two tracts, one of which sold at $27,400/acre for 116.07 acres. The tract was nonirrigated and assessed at a value of $4,185/acre. Here are the bidding results.
RFDTV reached out to hear about our success and published an article on the record farmland sale. This highlights just how much potential is added to each farm when the auction method is used – the sky’s the limit!
What’s My Nebraska Farm Worth?
Considering selling land in Nebraska and not sure how much your farm or ranch is worth? We can help you establish an estimated value of your farm and offer initial guidance for free. From there we can talk about selling the land and the best path forward for you.
Contact Our Auctioneer or Real Estate Agent
Jason J Smith
Auctioneer & Land Broker
Jason is an experienced farmland broker and auctioneer with extensive experience in farmland sales across this Midwest. Jason has worked with hundreds of clients to create advantageous outcomes. If you are selling land schedule a consultation with Jason by calling or using the calendar.
Phone: 515-537-6633 Email: [email protected]
Download our Free Farmland Sellers Ebooks Here
“The Secrets of Selling Farm and Land Properties” and “Online Land Auctions” are the only books about selling farmland! You can download them now so you can get up to speed quickly!
Your Ebooks were an incredible help in understanding the selling process and just grasping the terminology associated with our farmland sale. I just had no idea of the magnitude of the many considerations we’d make, but the books did a great job of helping us make better decisions. I was so pleasantly surprised to find them that I read both of them start to finish in a day. I hope others find them as helpful as we did!
Schedule a Time to Meet with Us!
Contact DreamDirt Today!
DreamDirt provides farm real estate services in Iowa, Minnesota, South Dakota, Nebraska, and Missouri. We are licensed real estate brokers and auctioneers and help people sell land using listing and auction processes. You can reach us toll-free at 855-376-3478.