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 Returns

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delaware Farmland Returns

Over the last 20 years, delaware farmland has offered average returns of 7.8%. At this rate, $10,000 invested in farmland in 1999 would now be worth over $88,500. Farmland returns are made up of two values, land appreciation, and capitalization rates of the property. Total farmland returns have been positive every year since 1990.

7.8%

Average Annual Returns

Cumulative Returns of Farmland

Source: NCREIF

Created with Highcharts 7.2.01998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$0$10000$20000$30000$40000$50000Highcharts.com

7.8%

Standard Deviation of Returns

Year Over Year Change (%)

Source: NCREIF

Created with Highcharts 7.2.01998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-60 %-30 %0 %30 %60 %90 %Highcharts.com

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