Explore undefined agriculture and learn what makes it unique.
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.
Over the last 20 years, texas farmland has offered average returns of 7.6%. At this rate, $10,000 invested in farmland in 1999 would now be worth over $86,400. 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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