Explore undefined agriculture and learn what makes it unique.
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.
Over the last 20 years, new york farmland has offered average returns of 7.1%. At this rate, $10,000 invested in farmland in 1999 would now be worth over $81,200.00. 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.
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Cumulative Returns of Farmland
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