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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.
7.0%
4.4%
261.4%
7.04%
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.
4.4%
Standard Deviation of Returns
Year Over Year Change (%)
Source: NCREIF
| Year | Total Return | Cumulative |
|---|---|---|
| 2003 | 8.0% | -99.9% |
| 2004 | 7.8% | 7.8% |
| 2005 | 6.8% | 15.1% |
| 2006 | 20.6% | 38.8% |
| 2007 | 7.6% | 49.4% |
| 2008 | 15.1% | 72.0% |
| 2009 | 4.3% | 79.4% |
| 2010 | 10.9% | 98.9% |
| 2011 | 1.9% | 102.7% |
| 2012 | 10.1% | 123.3% |
| 2013 | 0.2% | 123.7% |
| 2014 | 2.9% | 130.3% |
| 2015 | 6.5% | 145.2% |
| 2016 | 2.6% | 151.5% |
| 2017 | 4.1% | 161.8% |
| 2018 | 4.4% | 173.4% |
| 2019 | 2.7% | 180.8% |
| 2020 | 2.0% | 186.6% |
| 2021 | 6.3% | 204.6% |
| 2022 | 10.7% | 237.2% |
| 2023 | 7.2% | 261.4% |
