Development Land Farmland in New Jersey

Development Land farmland in New Jersey for a 640 - 1,000 Acres parcel costs approximately $70,714 per acre, with a total investment of $57,985,480. The estimated annual ROI is 1.5% with cash rent of $2,829 per acre.

New Jersey has 9,100 farms with an average size of 77 acres. Farmland prices average $16,500 per acre statewide, with 1.8% year-over-year appreciation. Cash receipts total $1.2B annually.

The estimated annual ROI is 1.5% for a 640 - 1,000 Acres parcel, generating $861,000 in annual income ($1,050 per acre). The 5-year appreciation estimate is 6598.0%.