Florida Agriculture Overview

Explore Florida agriculture and learn what makes it unique.

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The famous Florida Groves have been producing citrus products for over 200 years, including oranges, grapefruits, as well as other specialty fruits. Florida is a global powerhouse in citrus production, producing more than 70% of our country’s citrus products, ranking as the number 1 producer of grapefruit in the world and the number 2 in orange juice production globally. Aside from citrus products, Florida agriculture also provides more than 60% of the sugarcane produced in the U.S. and nearly 20% of flowers grown and sold commercially. As of 2017, there were 47,590 farms in Florida, comprising 9.7 million acres of agricultural land.

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florida Farmland Rental Rates

Over the last 20 years, farmland rental rates per acre in florida have risen from an average of $87 per acre in 2009 to $132 per acre in 2019. This represents an increase of $45 over this time period with an average implied capitalization rate of 1.6%.

$132

Current Rental Rate Per Acre

Cash Rent per Acre

Source: USDA

Created with Highcharts 8.2.2200920102011201220132014201520162017201820192020$ 0$ 30$ 60$ 90$ 120$ 150Highcharts.com

1.6%

Average Annual Cap Rate

Implied Annual Capitalization Rate

Source: USDA

Created with Highcharts 8.2.220082009201020112012201320142015201620172018201920200 %0.4 %0.8 %1.2 %1.6 %2 %Highcharts.com

Farmland Rental Rates: Top 5 States

1. california
$317
2. arizona
$220
3. washington
$191
4. iowa
$189
5. illinois
$179
6. indiana
$152

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Additional Documents

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