Explore undefined agriculture and learn what makes it unique.
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.
Over the last 20 years, farmland rental rates per acre in the florida have risen from an average of $103 per acre in 2008 to $110 per acre in 2019. This represents an increase of $7 over this time period with an average implied capitalization rate of 1.6%.
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