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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 Returns

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new jersey Farmland Returns

Over the last 20 years, new jersey farmland has offered average returns of 3.3%. At this rate, $10,000 invested in farmland in 1999 would now be worth over $43,200. 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.

3.3%

Average Annual Returns

Cumulative Returns of Farmland

Source: NCREIF

Created with Highcharts 7.2.01998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$0$5000$10000$15000$20000$25000Highcharts.com

3.3%

Standard Deviation of Returns

Year Over Year Change (%)

Source: NCREIF

Created with Highcharts 7.2.01998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-16 %-8 %0 %8 %16 %24 %Highcharts.com

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