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Explore North Carolina agriculture and learn what makes it unique.
North Carolina has a rich agricultural history that continues to thrive and remains as one of the state’s largest industries. It is one of the largest exporters in the United States for several commodities including Tobacco, Pork, Poultry, and Cotton. Several other crops are major contributors to their agricultural output including Sweet Potatoes, Peanuts, as well as Greenhouse and Nursery products. As of 2017, 8.4 million acres in North Carolina is classified as agricultural land, 27% of the state's land area, with a total of more than 46,000 farms.
$80/acre
4.1%
1.9%
$101
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
1.9%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $101 | 1.0% |
| 2022 | $100 | 5.8% |
| 2021 | $95 | 6.8% |
| 2020 | $89 | -2.2% |
| 2019 | $91 | 4.0% |
| 2018 | $87 | -1.7% |
| 2017 | $89 | 6.0% |
| 2016 | $84 | -5.6% |
| 2015 | $89 | 4.7% |
| 2014 | $85 | 9.0% |
| 2013 | $78 | 9.9% |
| 2012 | $71 | 7.6% |
| 2011 | $66 | 4.0% |
| 2010 | $63 | 3.3% |
| 2009 | $61 | 6.1% |
| 2008 | $58 | 5.5% |
| 2007 | $55 | 4.8% |
| 2006 | $52 | -1.9% |
| 2004 | $53 | 3.9% |
| 2003 | $51 | 3.0% |
| 2002 | $50 | 3.1% |
| 2001 | $48 | 6.7% |
| 1999 | $45 | 4.7% |
| 1998 | $43 | 2.4% |
| 1997 | $42 | 7.7% |
| 1996 | $39 | 16.1% |
| 1995 | $34 | 3.4% |
