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Washington is a powerhouse in our nation's agricultural economy, ranking 7th overall in crop sales. Thanks to an abundance of rich soils and diverse climates, farmers in Washington are able to produce over 300 unique commodities. Overall, the top 5 commodities produced in Washington are: Apples, Milk, Wheat, Cattle, and Potatoes. Notably, Washington is the number 1 producer of Apples in the United States, producing over 70% of our entire supply. The state also number one in the nation for the production of Hops, Spearmint Oil, Concord Grapes, Pears, Blueberries, and Aquaculture products. Just over 34% of Washington's land area is used as farmland, amounting to a total of 14.7 million acres.

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Farmland Returns

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washington Farmland Returns

Over the last 20 years, washington farmland has offered average returns of 11%. At this rate, $10,000 invested in farmland in 2009 would now be worth over $119,500. 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.

11%

Average Annual Returns

Cumulative Returns of Farmland

Source: NCREIF

Created with Highcharts 7.2.020092010201120122013201420152016201720182019$0$8000$16000$24000$32000$40000Highcharts.com

11%

Standard Deviation of Returns

Year Over Year Change (%)

Source: NCREIF

Created with Highcharts 7.2.0200920102011201220132014201520162017201820190 %5 %10 %15 %20 %25 %Highcharts.com

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