Explore undefined agriculture and learn what makes it unique.
Agriculture remains as one of the top industries in Mississippi, contributing $6.2 billion dollars to the economy annually according to the latest Census of Agriculture. The state is made up of several regions with varied landscapes, each with their own unique characteristics that allow farmers to produce a similarly varied array of crops. The high-yielding Delta region in particular, made up of rich-alluvial soil deposits, has been known as one of the highest producing regions in the world for Cotton and other cash crops. Farmland accounts for 35% of Mississippi’s total land area with 34,988 farms spread across more than 10.4 million acres.
Over the last 20 years, farmland rental rates per acre in the mississippi have risen from an average of $61 per acre in 1999 to $123 per acre in 2019. This represents an increase of $62 over this time period with an average implied capitalization rate of 4.6%.
Current Rental Rate Per Acre
Cash Rent per Acre
Average Annual Cap Rate
Implied Annual Capitalization Rate