Explore undefined agriculture and learn what makes it unique.
Kansas has been known as “The Wheat State”, producing over 15% of the nation’s Wheat. As of 2018, Kansas ranked 7th in the United States in the sale of commodities and has a long history of agriculture dating back long before the state’s founding. Kansas has a staggering 45.7 million acres classified as farmland making up over 87% of the land area, the third most for any state in the nation. Aside from Wheat, Kansas is also a top producer of Corn, Soybeans, Sorghum, Beef, and Veal.
Over the last 20 years, farmland rental rates per acre in the kansas have risen from an average of $36 per acre in 1999 to $64 per acre in 2019. This represents an increase of $28 over this time period with an average implied capitalization rate of 4.3%.
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