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Explore Utah agriculture and learn what makes it unique.
Though Utah's climate, water resources, and amount of quality cropland may not seem set to make it an agricultural state, agriculture still prevails and has a large impact on its economy. The majority of the farmland in the state is dedicated to pastureland and in total, Utah sold $1.3 billion of Livestock, Poultry and products as of the last USDA Census of Ag. The top crops in Utah are Hay, Wheat, Corn, Cherries, Barley, and Safflower. There are a total of 18,409 farms in Utah spread across 10.8 million acres with an average size of 587 acres.
5.0%
5.9%
114.4%
5.03%
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.
5.9%
Standard Deviation of Returns
Year Over Year Change (%)
Source: NCREIF
| Year | Total Return | Cumulative |
|---|---|---|
| 2008 | -6.6% | -6.6% |
| 2009 | 5.9% | -1.1% |
| 2010 | -1.4% | -2.4% |
| 2011 | 1.1% | -1.4% |
| 2012 | 2.2% | 0.7% |
| 2013 | 21.9% | 22.8% |
| 2014 | 4.8% | 28.7% |
| 2015 | 5.3% | 35.5% |
| 2016 | 4.9% | 42.1% |
| 2017 | 6.2% | 51.0% |
| 2018 | 5.5% | 59.2% |
| 2019 | 5.6% | 68.1% |
| 2020 | 3.8% | 74.5% |
| 2021 | 5.7% | 84.4% |
| 2022 | 10.6% | 103.9% |
| 2023 | 5.1% | 114.4% |
