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Explore Wyoming agriculture and learn what makes it unique.
Ranking in the top three industries in Wyoming, agriculture has a major impact on the state's economy and Livestock is king. Wyoming has long-been known for their excellence in Cattle production and over 60% of the state's revenue from agriculture comes from their sale of Cattle and Calves. As you can imagine, Hay is also produced in abundance in Wyoming, which is commonly used as feed. In the river bottoms of Wyoming, you will find more fertile soils growing Corn, Sugar Beets, Dry Beans, and Barley as well. As a whole, 47% of Wyoming's total land area is used as farmland amounting to a total of 29 million acres.
$57/acre
6.0%
4.0%
$60
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
4.0%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA
| Year | Per Acre | Change |
|---|---|---|
| 2023 | $60 | -4.8% |
| 2022 | $63 | 1.6% |
| 2021 | $62 | 22.8% |
| 2020 | $51 | -12.2% |
| 2019 | $58 | 1.8% |
| 2017 | $57 | -8.9% |
| 2016 | $62 | 1.6% |
| 2014 | $61 | -5.4% |
| 2013 | $65 | 27.7% |
| 2012 | $51 | -12.9% |
| 2011 | $58 | 23.4% |
| 2010 | $47 | -12.1% |
| 2009 | $54 | 55.1% |
