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Explore Arizona agriculture and learn what makes it unique.
Agriculture in Arizona is a major contributor to the state’s economy, as well as the U.S. economy. With a climate that promotes year-round growth of a wide variety of crops, farmers grow a diverse mix of crops including cash crops such as cotton, alfalfa, and wheat as well as specialty crops such as fresh vegetables and nursery crops. In fact, Arizona is the third-largest producer of fresh vegetables in the United States. As of 2017, there were 19,086 farms in the Grand Canyon State spread across over 26 million acres of agricultural land.
$245/acre
9.1%
3.1%
$347
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
3.1%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $347 | 3.3% |
| 2022 | $336 | 3.4% |
| 2021 | $325 | 18.2% |
| 2020 | $275 | 10.4% |
| 2019 | $249 | -1.6% |
| 2018 | $253 | 1.2% |
| 2017 | $250 | 12.6% |
| 2016 | $222 | 3.3% |
| 2015 | $215 | -2.3% |
| 2014 | $220 | -2.2% |
| 2013 | $225 | 12.5% |
| 2012 | $200 | 29.0% |
| 2011 | $155 | -3.1% |
| 2010 | $160 | 42.9% |
| 1997 | $112 | 18.4% |
| 1996 | $95 | 8.2% |
