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Explore Tennessee agriculture and learn what makes it unique.
There are a total of 69,983 farms in Tennessee across 10.8 million acres of agricultural land covering 41% of the state’s total land area. Farmers produce a wide variety of commodities, but field crops such as Soybeans, Cotton, and Corn account for the majority of revenue, a total of $2.2 billion. However, the sale of Livestock, Poultry and their products should by no means be overlooked as these commodities combined make up a total of $1.6 billion in sales.
$95/acre
3.9%
2.5%
$117
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
2.5%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $117 | 2.6% |
| 2022 | $114 | 6.5% |
| 2021 | $107 | 4.9% |
| 2020 | $102 | -1.0% |
| 2019 | $103 | 5.1% |
| 2018 | $98 | -0.5% |
| 2017 | $99 | 1.5% |
| 2016 | $97 | -4.0% |
| 2014 | $101 | 9.8% |
| 2013 | $92 | 1.1% |
| 2012 | $91 | 14.5% |
| 2011 | $80 | 1.9% |
| 2010 | $78 | 6.8% |
| 2009 | $73 | 6.6% |
| 2008 | $69 | 2.2% |
| 2004 | $67 | 8.1% |
| 2003 | $62 | 2.5% |
| 2002 | $61 | 1.7% |
| 2001 | $60 | -0.8% |
| 2000 | $60 | -3.2% |
| 1999 | $62 | 8.8% |
| 1998 | $57 | 0.9% |
| 1997 | $57 | 17.0% |
| 1996 | $48 | 12.3% |
| 1995 | $43 | -7.9% |
