LINCOLN, Neb. (AP) — The
drop in corn prices apparently has dampened demand for farmland in
Nebraska and cooled off the hot seller's market.
Two reports suggest the rise in farmland value has slowed.
report by Farm Credit Services of America says that during the second
half of last year, Nebraska farmland value increased at the slowest rate
seen in several years, rising less than 1 percent.
And a regional
farmland price index kept by Creighton University economist Ernie Goss
hit its lowest level since 2009. A January report issued last week said
the index dropped for the second month.
Corn prices dropped to less than $5 a bushel last year from more than $6 a bushel in 2012.