undefined Agriculture Overview

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There are a total of 33,438 farms in New York spread across 6.9 million acres with an average size of 205 acres. New York ranks in the top 10 for the sale of several agricultural products in the United States including Milk, Apples, and Horses. In 2017, New York’s agricultural revenue amounted to a total of $5.3 billion, 39% of which can be attributed to crop sales. The top crops produced overall in New York include: Hay, Corn, Apples, Soybeans, Cabbage, Potatoes, Sweet Corn, Wheat, and Snap Beans among many others. However, the Dairy industry is by far the largest agricultural revenue source, with Milk from Cows accounting for 47% of the state’s total sales.

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Farmland Prices

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new york Farmland Prices

Over the last 20 years, the price of farmland per acre in the new york has risen by an average of 4.8% per year to $2,810 per acre as of 2019. This represents an increase of $1,630 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.

$2,810

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 600$ 1200$ 1800$ 2400$ 3000Highcharts.com

4.8%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-5 %0 %5 %10 %15 %20 %Highcharts.com

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Additional Documents

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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