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Explore New Jersey agriculture and learn what makes it unique.
New Jersey is host to some of the most productive ground per acre in the United States and as a result, ranks the highest in terms of dollar per acre of agricultural land. Just under 16% of New Jersey’s total land area is dedicated to agricultural production and there are nearly 10,000 farms with an average size of 74 acres. In total, crops make up 90% of New Jersey’s agricultural production with the Greenhouse, Nursery, Floriculture, and Sod industry leading the way, accounting for $498 million of the billion dollar agriculture industry in the state. Other crops commonly produced include Fruits, Tree Nuts, Berries, Melons, and Potatoes.
$70/acre
3.6%
0.5%
$83
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 | $83 | -2.4% |
| 2022 | $85 | 11.2% |
| 2021 | $76 | -3.8% |
| 2020 | $79 | -3.7% |
| 2019 | $82 | 5.8% |
| 2018 | $78 | 0.6% |
| 2017 | $77 | 6.9% |
| 2016 | $72 | 7.5% |
| 2015 | $67 | 1.5% |
| 2014 | $66 | -2.2% |
| 2013 | $68 | -0.7% |
| 2012 | $68 | 9.7% |
| 2011 | $62 | 12.7% |
| 2009 | $55 | 4.8% |
| 2008 | $53 | 4.0% |
| 2007 | $51 | 6.3% |
| 2004 | $48 | 1.1% |
| 2001 | $47 | -7.8% |
| 2000 | $51 | -4.0% |
| 1999 | $53 | 4.9% |
| 1998 | $51 | 7.4% |
| 1997 | $47 | 5.1% |
| 1996 | $45 | -1.3% |
| 1995 | $45 | 5.8% |
