| NV - Nominal Value/A, $ |
| DV - Deflated Value/A (year 2000 $) |
| YC – Yearly Change in Deflated Values |
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| Year |
1st Quarter GDP Price Deflator (2000=100)** |
All Sales |
Tracts 85%+ Pasture |
Tracts 85%+ Cropland |
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NV |
DV |
YC |
NV |
DV |
YC |
NV |
DV |
YC |
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1971
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28.91
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216 |
746 |
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163 |
564 |
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315 |
1091 |
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1972
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30.16
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226 |
748 |
0.3% |
174 |
576 |
2.1% |
313 |
1037 |
-4.9% |
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1973
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31.85
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290 |
911 |
21.8% |
231 |
725 |
25.7% |
466 |
1464 |
41.1% |
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1974
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34.73
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341 |
981 |
7.6% |
262 |
755 |
4.2% |
524 |
1509 |
3.1% |
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1975
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37.99
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383 |
1008 |
2.8% |
280 |
738 |
-2.2% |
622 |
1636 |
8.4% |
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1976
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40.19
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421 |
1046 |
3.8% |
314 |
781 |
5.9% |
679 |
1689 |
3.3% |
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1977
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42.74
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483 |
1131 |
8.1% |
362 |
846 |
8.2% |
712 |
1667 |
-1.3% |
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1978
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45.76
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502 |
1097 |
-3.0% |
398 |
870 |
2.9% |
765 |
1672 |
0.3% |
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1979
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49.55
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572 |
1153 |
5.1% |
463 |
933 |
7.3% |
824 |
1664 |
-0.5% |
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1980
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51.01
|
664 |
1302 |
12.9% |
565 |
1108 |
18.7% |
902 |
1768 |
6.3% |
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1981
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59.02
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678 |
1149 |
-11.8% |
524 |
888 |
-19.9% |
987 |
1671 |
-5.5% |
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1982
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62.73
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670 |
1068 |
-7.0% |
502 |
800 |
-9.8% |
949 |
1513 |
-9.5% |
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1983
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65.21
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559 |
857 |
-19.8% |
418 |
642 |
-19.8% |
896 |
1374 |
-9.2% |
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1984
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67.66
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564 |
834 |
-2.7% |
482 |
712 |
10.9% |
809 |
1195 |
-13.0% |
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1985
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69.71
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415 |
595 |
-28.6% |
336 |
482 |
-32.2% |
591 |
848 |
-29.1% |
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1986
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71.25
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334 |
469 |
-21.2% |
280 |
394 |
-18.4% |
489 |
687 |
-19.0% |
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1987
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73.2
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324 |
442 |
-5.8% |
289 |
395 |
0.2% |
468 |
639 |
-6.9% |
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1988
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75.69
|
305 |
403 |
-8.9% |
263 |
347 |
-12.0% |
495 |
655 |
2.4% |
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1989
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78.56
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356 |
453 |
12.5% |
293 |
372 |
7.3% |
583 |
743 |
13.4% |
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1990
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81.59
|
346 |
425 |
-6.3% |
280 |
344 |
-7.7% |
577 |
707 |
-4.8% |
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1991
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84.44
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337 |
399 |
-6.1% |
294 |
348 |
1.2% |
508 |
601 |
-14.9% |
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1992
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86.38
|
340 |
393 |
-1.4% |
292 |
338 |
-2.9% |
512 |
593 |
-1.4% |
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1993
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88.38
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379 |
429 |
9.1% |
346 |
391 |
15.9% |
530 |
600 |
1.2% |
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1994
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90.26
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392 |
434 |
1.3% |
354 |
393 |
0.3% |
537 |
595 |
-0.9% |
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1995*
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92.11
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369 |
401 |
-7.7% |
305 |
332 |
-15.5% |
252 |
273 |
-54.1% |
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1996*
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93.85
|
381 |
406 |
1.3% |
321 |
342 |
3.0% |
476 |
507 |
85.6% |
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1997
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95.41
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404 |
424 |
4.3% |
346 |
363 |
6.1% |
447 |
469 |
-7.5% |
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1998
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96.47
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475 |
492 |
16.1% |
469 |
486 |
34.1% |
564 |
585 |
24.8% |
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1999
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97.87
|
521 |
532 |
8.2% |
532 |
543 |
11.7% |
573 |
585 |
0.1% |
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2000
|
100
|
698 |
698 |
31.1% |
751 |
751 |
38.2% |
676 |
676 |
15.5% |
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2001
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102.4
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670 |
654 |
-6.3% |
723 |
706 |
-5.9% |
702 |
686 |
1.5% |
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2002
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104.09
|
746 |
716 |
9.5% |
824 |
792 |
12.1% |
691 |
664 |
-3.2% |
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2003
|
106
|
781 |
737 |
2.8% |
847 |
799 |
1.0% |
714 |
673 |
1.4% |
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2004
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108.24
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865 |
799 |
8.5% |
943 |
871 |
9.0% |
829 |
766 |
13.8% |
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2005
|
111.76
|
967 |
865 |
8.3% |
1043 |
933 |
7.1% |
924 |
827 |
7.9% |
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2006
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115.53
|
1097 |
949 |
9.7% |
1225 |
1061 |
13.8% |
908 |
786 |
-5.0% |
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2007
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118.96
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1229 |
1033 |
8.8% |
1377 |
1158 |
9.2% |
908 |
764 |
-2.8% |
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2008
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121.51
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1285 |
1057 |
2.4% |
1408 |
1159 |
0.1% |
1167 |
961 |
25.8% |
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*Caution is advised when analyzing average annual land value patterns and trends during 1995 and 1996 due to minimal sales data available.
SOURCE: Johnson, B. and R. Lukassen, Nebraska Farm Real Estate Market Developments 2008-2009,
University of Nebraska-Lincoln Extension, http://agecon.unl.edu/realestate/re2009.pdf.
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