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New Jersey is host to some of the most productive ground per acre in the United States and as a result, ranks the highest in terms of dollar per acre of agricultural land. Just under 16% of New Jersey’s total land area is dedicated to agricultural production and there are nearly 10,000 farms with an average size of 74 acres. In total, crops make up 90% of New Jersey’s agricultural production with the Greenhouse, Nursery, Floriculture, and Sod industry leading the way, accounting for $498 million of the billion dollar agriculture industry in the state. Other crops commonly produced include Fruits, Tree Nuts, Berries, Melons, and Potatoes.

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Farmland Prices

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new jersey Farmland Prices

Over the last 20 years, the price of farmland per acre in the new jersey has risen by an average of 2.8% per year to $13,700 per acre as of 2019. This represents an increase of $5,300 per acre of farmland over this time period.

The values shown here only represent farmland appreciation. To view total farmland returns, including cash rent and land appreciation, see the Farmland Returns section.

$13,700

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 4000$ 8000$ 12000$ 16000$ 20000Highcharts.com

2.8%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-16 %-8 %0 %8 %16 %24 %Highcharts.com

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

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