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Explore Montana agriculture and learn what makes it unique.
The products of Montana’s varied farming operations make it the largest industry in the state. Nearly 65% of this production comes from Cattle and Wheat, for which Montana ranks number three in exports in the entire country. Aside from these major commodities, Barley, Sugar Beets, Cherries, Lambs and Hay have been produced widely throughout history and still today. As of 2017, there were a total of 27,048 farms covering 58.1 million acres of land in Montana, 62% of the state’s total land area. The average size of each farm was roughly 2,149 acres, which puts it in the top 5 states in terms of average farm size.
7.7%
6.6%
333.5%
7.65%
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.
6.6%
Standard Deviation of Returns
Year Over Year Change (%)
Source: NCREIF
| Year | Total Return | Cumulative |
|---|---|---|
| 2003 | 8.0% | -99.9% |
| 2004 | 1.6% | 1.6% |
| 2005 | 21.1% | 23.1% |
| 2006 | 32.3% | 62.8% |
| 2007 | 6.6% | 73.6% |
| 2008 | 6.5% | 84.8% |
| 2009 | 0.8% | 86.3% |
| 2010 | 2.8% | 91.6% |
| 2011 | 7.2% | 105.3% |
| 2012 | 9.2% | 124.2% |
| 2013 | 8.0% | 142.1% |
| 2014 | 14.1% | 176.2% |
| 2015 | 4.2% | 187.9% |
| 2016 | 4.7% | 201.4% |
| 2017 | 3.1% | 210.8% |
| 2018 | 4.1% | 223.6% |
| 2019 | 5.1% | 240.0% |
| 2020 | 2.3% | 248.0% |
| 2021 | 5.4% | 266.7% |
| 2022 | 13.7% | 316.9% |
| 2023 | 4.0% | 333.5% |
