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Explore Florida agriculture and learn what makes it unique.
The famous Florida Groves have been producing citrus products for over 200 years, including oranges, grapefruits, as well as other specialty fruits. Florida is a global powerhouse in citrus production, producing more than 70% of our country’s citrus products, ranking as the number 1 producer of grapefruit in the world and the number 2 in orange juice production globally. Aside from citrus products, Florida agriculture also provides more than 60% of the sugarcane produced in the U.S. and nearly 20% of flowers grown and sold commercially. As of 2017, there were 47,590 farms in Florida, comprising 9.7 million acres of agricultural land.
$111/acre
1.8%
1.6%
$132
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
1.6%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $132 | 9.1% |
| 2022 | $121 | -4.7% |
| 2021 | $127 | -3.8% |
| 2020 | $132 | 20.0% |
| 2019 | $110 | -4.3% |
| 2018 | $115 | -6.5% |
| 2017 | $123 | 20.6% |
| 2016 | $102 | -7.3% |
| 2015 | $110 | 6.8% |
| 2014 | $103 | 18.4% |
| 2013 | $87 | -15.5% |
| 2012 | $103 | 12.0% |
| 2011 | $92 | -17.9% |
| 2010 | $112 | 19.8% |
| 2009 | $94 | -20.1% |
