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Agriculture is the number 1 commercial industry in Maryland producing over 350,000 jobs for the state. Over 31% of Maryland’s total land area is considered farmland and there are a total of 12,429 farms with an average size of 160 acres. Farmers produce a diverse mix of commodities, but Poultry and Livestock make up more than 61% of Maryland’s total agricultural sales. The primary crops produced in Maine are Corn, Soybeans, and Wheat. However, several additional crops are rather commonly produced including Watermelon, Snap Beans, Apples, and Grapes among many others.

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Farmland Returns

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maryland Farmland Returns

Over the last 20 years, maryland farmland has offered average returns of 6.2%. At this rate, $10,000 invested in farmland in 1998 would now be worth over $72,000. 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.

6.2%

Average Annual Returns

Cumulative Returns of Farmland

Source: NCREIF

Created with Highcharts 7.2.0199819992000200120022003200420052006200720082009201020112012201320142016201720182019$0$8000$16000$24000$32000$40000Highcharts.com

6.2%

Standard Deviation of Returns

Year Over Year Change (%)

Source: NCREIF

Created with Highcharts 7.2.0199819992000200120022003200420052006200720082009201020112012201320142016201720182019-12 %0 %12 %24 %36 %48 %Highcharts.com

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