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Explore Maryland agriculture and learn what makes it unique.
Agriculture is the number 1 commercial industry in Maryland producing over 350,000 jobs for the state. Over 31% of Maryland’s total land area is considered farmland and there are a total of 12,429 farms with an average size of 160 acres. Farmers produce a diverse mix of commodities, but Poultry and Livestock make up more than 61% of Maryland’s total agricultural sales. The primary crops produced in Maine are Corn, Soybeans, and Wheat. However, several additional crops are rather commonly produced including Watermelon, Snap Beans, Apples, and Grapes among many others.
$93/acre
4.6%
1.3%
$123
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
1.3%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $123 | 5.1% |
| 2022 | $117 | 5.4% |
| 2021 | $111 | 3.7% |
| 2020 | $107 | -1.8% |
| 2019 | $109 | -3.5% |
| 2018 | $113 | 9.7% |
| 2017 | $103 | -1.0% |
| 2016 | $104 | 10.1% |
| 2014 | $95 | 3.8% |
| 2013 | $91 | 4.6% |
| 2012 | $87 | 24.3% |
| 2011 | $70 | 7.7% |
| 2010 | $65 | -5.1% |
| 2009 | $69 | 3.0% |
| 2008 | $67 | 0.8% |
| 2007 | $66 | 6.5% |
| 2005 | $62 | 5.1% |
| 2004 | $59 | 6.3% |
| 2001 | $56 | 2.4% |
| 1999 | $54 | 0.4% |
| 1998 | $54 | 5.3% |
| 1997 | $51 | 6.9% |
| 1996 | $48 | 7.4% |
| 1995 | $45 | 8.0% |
