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Explore Michigan agriculture and learn what makes it unique.
Michigan is an agriculturally diverse state, and ranks in the top 5 in the nation for the number of unique commodities produced. Facilitating this diverse production mix are the large variations in climate, soil compositions, and markets across the state that can encourage growers to follow best practices for their area, which often vary widely as well. While Dairy products, Corn, Soybeans, and Cattle make up over 50% of the state’s total production, there is much more depth to this agricultural economy. For example, Michigan produces 26% of the Asparagus, 17% of the Cucumbers, and 10% of Sugar Beets grown and sold in the United States.
8.7%
5.5%
311.4%
8.7%
Average Annual Returns
Cumulative Returns of Farmland
Source: NCREIF
Past performance does not guarantee future results and there is no guarantee this trend will continue. For illustrative purposes only and is not intended to represent the result of an actual investment. All investments involve risk, including the loss of principal. Click here for AcreTrader General Disclosures.
5.5%
Standard Deviation of Returns
Year Over Year Change (%)
Source: NCREIF
| Year | Total Return | Cumulative |
|---|---|---|
| 2003 | 11.9% | -99.9% |
| 2004 | 9.7% | 9.7% |
| 2005 | 8.7% | 19.2% |
| 2006 | 10.4% | 31.7% |
| 2007 | 15.3% | 51.8% |
| 2008 | 8.3% | 64.5% |
| 2009 | -2.7% | 60.0% |
| 2010 | -1.7% | 57.3% |
| 2011 | 9.3% | 72.0% |
| 2012 | 11.6% | 91.8% |
| 2013 | 15.4% | 121.4% |
| 2014 | 12.7% | 149.5% |
| 2015 | 4.5% | 160.8% |
| 2016 | 2.1% | 166.3% |
| 2017 | 2.5% | 172.9% |
| 2018 | 1.2% | 176.2% |
| 2019 | 2.6% | 183.4% |
| 2020 | 2.4% | 190.2% |
| 2021 | 7.8% | 213.0% |
| 2022 | 15.5% | 261.4% |
| 2023 | 13.8% | 311.4% |
