Farm real estate value in Nebraska has increased 19 percent in the past year.

The U.S. Agriculture Department said Tuesday that land value on Jan. 1 averaged a record-high $1,460 an acre. That's up $230 an acre from last year's average.

The USDA said cropland value is up 20 percent, to $2,270 an acre. The dryland figure is averaging $1,950 an acre and irrigated cropland $2,900. Pastureland is up 23 percent from a year ago, to $530 an acre.

Cash rents have increased as well. The USDA says rent for irrigated and dryland cropland both are up an average of $16. Average cost is $155 an acre for irrigated cropland and $95 an acre for dryland.

Pasture rented for cash averages $14.20 an acre, 20 cents higher than in 2007.