Nebraska AG land values rise for second straight year Nebraska City News-Press The market value of agricultural land in Nebraska increased 6 percent over the prior year to an average of $2,895 per acre, according to the final report from the University of Nebraska–Lincoln’s 2021 Nebraska Farm Real Estate Market Survey. Rates of increase were highest in the north, northeast, central and southeast districts of the state, with average increases of 6 to 8 percent over the prior year. Western regions reported smaller increases, between 3 and 5 percent. The survey revealed that current crop prices, interest rates and purchases for farm expansion contributed to higher land values, as did non-farm investor land purchases and federal farm program payments, according to respondents.