undefined Agriculture Overview

Explore undefined agriculture and learn what makes it unique.


michigan20 yearsall

Michigan is an agriculturally diverse state, and ranks in the top 5 in the nation for the number of unique commodities produced. Facilitating this diverse production mix are the large variations in climate, soil compositions, and markets across the state that can encourage growers to follow best practices for their area, which often vary widely as well. While Dairy products, Corn, Soybeans, and Cattle make up over 50% of the state’s total production, there is much more depth to this agricultural economy. For example, Michigan produces 26% of the Asparagus, 17% of the Cucumbers, and 10% of Sugar Beets grown and sold in the United States.

Hover over the chart to view values by counties.

Farmland Rental Rates



michigan Farmland Rental Rates

Over the last 20 years, farmland rental rates per acre in the michigan have risen from an average of $60 per acre in 1999 to $127 per acre in 2019. This represents an increase of $67 over this time period with an average implied capitalization rate of 2.6%.


Current Rental Rate Per Acre

Cash Rent per Acre

Source: USDA

Created with Highcharts 7.2.019941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 30$ 60$ 90$ 120$ 150Highcharts.com


Average Annual Cap Rate

Implied Annual Capitalization Rate

Source: USDA

Created with Highcharts 7.2.0199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820190 %1 %2 %3 %4 %5 %Highcharts.com

We would love to talk to you about your land

Additional Documents

If you are interested in seeing a list of documents that are helpful for selling your farm, please download it here.

Contact Us

For additional information, feel free to contact us at any time.

Contact Us|