undefined Agriculture Overview

Explore undefined agriculture and learn what makes it unique.


new-jersey20 yearsall

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 Rental Rates



new jersey Farmland Rental Rates

Over the last 20 years, farmland rental rates per acre in the new jersey have risen from an average of $51 per acre in 1999 to $82 per acre in 2019. This represents an increase of $31 over this time period with an average implied capitalization rate of 0.5%.


Current Rental Rate Per Acre

Cash Rent per Acre

Source: USDA

Created with Highcharts 7.2.019941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 20$ 40$ 60$ 80$ 100Highcharts.com


Average Annual Cap Rate

Implied Annual Capitalization Rate

Source: USDA

Created with Highcharts 7.2.0199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820190 %0.15 %0.3 %0.45 %0.6 %0.75 %Highcharts.com

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Additional Documents

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