Explore undefined agriculture and learn what makes it unique.
In terms of farm income, California leads all other U.S. states and produces the largest variety of commodities in the nation. It is only one of five agricultural regions in the world with a Mediterranean-growing climate that allows farmers to grow such a large variety of crops, including some that aren’t grown anywhere else in the nation. California produces the vast majority of specialty crops such as almonds, walnuts, apricots, dates, and figs grown in the U.S. and in some cases, the world. The state is host to an impressive 70,521 farms with an average size of 348 acres spread across a total of 24,522,801 acres of farmland.
Over the last 20 years, farmland rental rates per acre in the california have risen from an average of $267 per acre in 2008 to $423 per acre in 2019. This represents an increase of $156 over this time period with an average implied capitalization rate of 2.9%.
Current Rental Rate Per Acre
Cash Rent per Acre
Average Annual Cap Rate
Implied Annual Capitalization Rate