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Explore Nevada agriculture and learn what makes it unique.
Nevada’s agricultural landscape is primarily made up of ranches and pastureland as livestock is the largest agricultural commodity in the state. However, farmers also grow a variety of crops where irrigation is available. In terms of Livestock, Cattle is the most widely produced, followed by Dairy, Sheep, and Lambs. Commonly grown crops include Alfalfa, Hay, Potatoes, Barley, Wheat, and Corn. More than 6.1 million acres of Nevada’s 70.2 million acre land area is dedicated to farmland, making up 8.7% of the total land area. While this percentage is lower than we see in many states, the average farm size of 1,790 acres is larger than the majority of other states.
$144/acre
5.2%
0.5%
$165
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
0.5%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $165 | -4.6% |
| 2022 | $173 | 4.2% |
| 2021 | $166 | 55.1% |
| 2020 | $107 | -34.8% |
| 2019 | $164 | 21.5% |
| 2016 | $135 | -10.0% |
| 2014 | $150 | -3.2% |
| 2013 | $155 | 19.2% |
| 2012 | $130 | 13.0% |
| 2011 | $115 | -8.0% |
| 2010 | $125 | 4.2% |
