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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.
5.8%
4.1%
144.2%
5.81%
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.
4.1%
Standard Deviation of Returns
Year Over Year Change (%)
Source: NCREIF
| Year | Total Return | Cumulative |
|---|---|---|
| 2003 | 9.0% | -99.9% |
| 2004 | 6.8% | 6.8% |
| 2005 | 9.7% | 17.1% |
| 2006 | 4.5% | 22.4% |
| 2007 | 9.3% | 33.7% |
| 2008 | 5.0% | 40.4% |
| 2009 | -1.5% | 38.3% |
| 2010 | -0.4% | 37.7% |
| 2011 | 0.7% | 38.7% |
| 2012 | 8.5% | 50.5% |
| 2013 | 7.1% | 61.2% |
| 2014 | 6.4% | 71.6% |
| 2015 | 0.2% | 72.0% |
| 2016 | -0.1% | 71.8% |
| 2017 | 2.9% | 76.8% |
| 2018 | 3.1% | 82.2% |
| 2019 | 3.4% | 88.4% |
| 2020 | 2.1% | 92.4% |
| 2021 | 4.8% | 101.7% |
| 2022 | 11.7% | 125.2% |
| 2023 | 8.4% | 144.2% |
