undefined Agriculture Overview

Explore undefined agriculture and learn what makes it unique.


pennsylvania20 yearsall

Agriculture is the number one economic enterprise in Pennsylvania and the state ranks 19th in the United States in terms of agricultural sales. The top commodities produced and sold in Pennsylvania include: Milk, Chicken Eggs, Chicken Broilers, and Cattle. With the majority of their land covered in forests and as the home for several major food processing companies, forest products and food products generate the most revenue from exports in the state. As of 2017, there were a total of 53,157 farms in Pennsylvania across more than 7.2 million acres of farmland with an average size of 137 acres.

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Farmland Rental Rates



pennsylvania Farmland Rental Rates

Over the last 20 years, farmland rental rates per acre in the pennsylvania have risen from an average of $40 per acre in 1999 to $94 per acre in 2019. This represents an increase of $54 over this time period with an average implied capitalization rate of 1.2%.


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 %0.4 %0.8 %1.2 %1.6 %2 %Highcharts.com

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Additional Documents

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