KEYSTONE- There’s never a Black Friday discount when a piece of Nebraska farmland hits the market in 2023, be it a fertile field in the Platte River Valley or a vast swath of Sandhills pastureland.

The market’s hot. And corporate farms, both in-state and out, are dipping into their deep pockets to claim the increasingly pricey agricultural land they desire. The nine buyers who spent the most money on Nebraska farmland in the past five years are all corporate farming operations, real estate developers or investment firms, an analysis by the Flatwater Free Press found.

The average price of Nebraska farmland has shot up 41% since 2018, to a record-high $3,835 per acre, according to a University of Nebraska-Lincoln annual survey.

The buyers of that land – especially the biggest chunks – include multinational corporations, out-of-state corporate farms and investors who live hundreds or thousands of miles away, according to five years of land sales gathered by a UNL data journalism class and analyzed by the Flatwater Free Press. Seven of the top 10 buyers who spent the most money in the past five years – often for pricier farm ground or suburban development – are located outside Nebraska, the analysis shows.

Together, these seven out-of-state owners spent $246 million on Nebraska land.

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