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, florida farmland has offered average returns of 1.7%. At this rate, $10,000 invested in farmland in 2009 would now be worth over $27,000. 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.
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