Explore undefined agriculture and learn what makes it unique.
There are a total of 69,983 farms in Tennessee across 10.8 million acres of agricultural land covering 41% of the state’s total land area. Farmers produce a wide variety of commodities, but field crops such as Soybeans, Cotton, and Corn account for the majority of revenue, a total of $2.2 billion. However, the sale of Livestock, Poultry and their products should by no means be overlooked as these commodities combined make up a total of $1.6 billion in sales.
Over the last 20 years, farmland rental rates per acre in the tennessee have risen from an average of $60 per acre in 1999 to $103 per acre in 2019. This represents an increase of $43 over this time period with an average implied capitalization rate of 2.6%.
Current Rental Rate Per Acre
Cash Rent per Acre
Average Annual Cap Rate
Implied Annual Capitalization Rate