Explore undefined agriculture and learn what makes it unique.
Though Utah's climate, water resources, and amount of quality cropland may not seem set to make it an agricultural state, agriculture still prevails and has a large impact on its economy. The majority of the farmland in the state is dedicated to pastureland and in total, Utah sold $1.3 billion of Livestock, Poultry and products as of the last USDA Census of Ag. The top crops in Utah are Hay, Wheat, Corn, Cherries, Barley, and Safflower. There are a total of 18,409 farms in Utah spread across 10.8 million acres with an average size of 587 acres.
Over the last 20 years, utah farmland has offered average returns of 5.2%. At this rate, $10,000 invested in farmland in 2009 would now be worth over $61,600. 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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Cumulative Returns of Farmland
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