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Texas has more farms than any other state in the country and ranks third in the sale of agricultural products in the United States. With diverse climates and weather patterns across the state, agricultural production can persist throughout much of the year. Notably, Texas produces 42% of Cotton in the United States. If it were judged as its own country, it would rank fourth in the world for Cotton production. The top 5 commodities in Texas are Cattle, Cotton, Milk, Broilers (Chicken), Greenhouse Crops, Corn, Sorghum, and Wheat. Overall, the Lone Star state makes up 6% of all agricultural sales in the US. There are a total of 248,416 farms in Texas (more than the next 9 states combined) covering 75% of its land area with an average size of 511 acres.

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Farmland Prices

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texas Farmland Prices

Over the last 20 years, the price of farmland per acre in the texas has risen by an average of 5.1% per year to $1,930 per acre as of 2019. This represents an increase of $1,161 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.

$1,930

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 500$ 1000$ 1500$ 2000$ 2500Highcharts.com

5.1%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-20 %-10 %0 %10 %20 %30 %Highcharts.com

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