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Explore New York agriculture and learn what makes it unique.
There are a total of 33,438 farms in New York spread across 6.9 million acres with an average size of 205 acres. New York ranks in the top 10 for the sale of several agricultural products in the United States including Milk, Apples, and Horses. In 2017, New York’s agricultural revenue amounted to a total of $5.3 billion, 39% of which can be attributed to crop sales. The top crops produced overall in New York include: Hay, Corn, Apples, Soybeans, Cabbage, Potatoes, Sweet Corn, Wheat, and Snap Beans among many others. However, the Dairy industry is by far the largest agricultural revenue source, with Milk from Cows accounting for 47% of the state’s total sales.
$57/acre
4.3%
2.2%
$80
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
2.2%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $80 | 3.2% |
| 2022 | $77 | 11.6% |
| 2021 | $69 | 2.2% |
| 2020 | $68 | 2.3% |
| 2019 | $66 | 4.8% |
| 2018 | $63 | 3.3% |
| 2017 | $61 | 3.4% |
| 2016 | $59 | -0.8% |
| 2015 | $60 | 7.2% |
| 2014 | $56 | 3.7% |
| 2013 | $54 | 13.8% |
| 2012 | $47 | 3.3% |
| 2011 | $46 | 4.6% |
| 2010 | $44 | -1.1% |
| 2009 | $44 | 6.0% |
| 2008 | $42 | 5.1% |
| 2007 | $40 | 1.3% |
| 2006 | $39 | -4.9% |
| 2005 | $41 | 2.5% |
| 2004 | $40 | 8.1% |
| 2003 | $37 | 5.7% |
| 2002 | $35 | 6.1% |
| 2001 | $33 | 3.1% |
| 2000 | $32 | 3.2% |
| 1999 | $31 | -3.1% |
| 1998 | $32 | 9.6% |
| 1997 | $29 | 0.7% |
| 1996 | $29 | 15.5% |
