LINCOLN, Neb. (AP) — A new survey report says the average value of Nebraska’s agriculture land dropped 3 percent in the past year.

The University of Nebraska-Lincoln report released Wednesday says that as of Feb. 1, the land value was $3,210 an acre, compared with the 2014 average of $3,416.

In the report, university Extension educator Jim Jansen says “bearish comments reported by survey participants” on cropland values reflected the decline in grain prices.

And he says land used for the cow-calf industry rose in value or held steady “due to a strong return in that market over the last one to two years.”

The survey respondents included real estate salespeople and brokers, appraisers, bankers and mortgage experts.