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undefined Agriculture Overview
Explore undefined agriculture and learn what makes it unique.
North Carolina has a rich agricultural history that continues to thrive and remains as one of the state’s largest industries. It is one of the largest exporters in the United States for several commodities including Tobacco, Pork, Poultry, and Cotton. Several other crops are major contributors to their agricultural output including Sweet Potatoes, Peanuts, as well as Greenhouse and Nursery products. As of 2017, 8.4 million acres in North Carolina is classified as agricultural land, 27% of the state's land area, with a total of more than 46,000 farms.
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Farmland Returns
north carolina Farmland Returns
Over the last 20 years, north carolina farmland has offered average returns of 5.3%. At this rate, $10,000 invested in farmland in 1999 would now be worth over $62,900. 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.
5.3%
Average Annual Returns
Cumulative Returns of Farmland
Source: NCREIF
5.3%
Standard Deviation of Returns
Year Over Year Change (%)
Source: NCREIF