(Lincoln Journal Star/journalstar.com) -- The Lincoln Journal Star reports that "in just 12 months, the value of agricultural land in Nebraska went from its largest increase in a quarter century to being absolutely flat." A year ago, an annual survey by UNL put ag land values increasing at the rate of 23%, a 30-year record.
The latest survey results, released late last week by agricultural economist Bruce Johnson, lower that figure to zero. Experts who keep "a close eye on where agriculture is headed this year see a plateau, rather than a cliff" and don't "see a comparison to the national housing market, which produced a rapid rise and then a rapid fall." See the story at <http://journalstar.com/articles/2009/03/27/news/local/doc49cba5003ddde238403963.txt>
