Explore undefined agriculture and learn what makes it unique.
As one of the top 5 industries in Louisiana, Agriculture is a vital part of the state’s economy, generating more than $3.2 billion in revenue as of the latest USDA Ag Census. Louisiana farmland has benefitted from its position on the border of the Mississippi River, which has left nutrient-rich alluvial deposits over time, ideal for growing crops. There are 27,386 farms spread across a total of nearly 8 million acres of farmland in Louisiana, over 28% of all land area in the state. In terms of sales, Soybeans, Rice, Cotton, Plant Products, and Livestock products were the top commodities grown and sold in the state.
Over the last 20 years, farmland rental rates per acre in the louisiana have risen from an average of $55 per acre in 1999 to $94 per acre in 2019. This represents an increase of $39 over this time period with an average implied capitalization rate of 4.1%.
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