(KLZA)-- The USDA National Agricultural Statistics Service reports Nebraska's farm real estate value increased in the past year.

The average farm real estate value for 2024 was $4,080 per acre, a $260 per acre or 7 percent increase from 2023.

Cropland value increased 6 percent to $6,540 per acre. Dryland cropland values averaged $4,350 per acre, a $350 per acre increase while irrigated cropland values went to $530 per acre to $8,550 per acre.

Pastureland was $1,400 per acre, up $100 per acre.

Cash rent for dryland cropland averaged $169 per acre, up $5 per acre from 2023 wth irrigated cropland rent averaging $281 per acre, $4 higher than the previous year.