undefined Agriculture Overview

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Farming is an important economic driver of Delaware’s economy, which has a very long history in “The First State” that played an important part in the founding of our country. When the first European settlers arrived in Delaware for the first time in 1631, they relied heavily on their agricultural land which provided wheat, barley, indian corn, peas, and livestock critical to their survival. Farming is still very much a family affair in Delaware as nearly 90% of the 2,302 farms are still family owned.

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Farmland Prices

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delaware Farmland Prices

Over the last 20 years, the price of farmland per acre in the delaware has risen by an average of 6.6% per year to $8,600 per acre as of 2019. This represents an increase of $5,600 per acre of farmland over this time period.

The values shown here only represent farmland appreciation. To view total farmland returns, including cash rent and land appreciation, see the Farmland Returns section.

$8,600

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 2500$ 5000$ 7500$ 10000$ 12500Highcharts.com

6.6%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-60 %-30 %0 %30 %60 %90 %Highcharts.com

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Additional Documents

If you are interested in seeing a list of documents that are helpful for selling your farm, please download it here.

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