Hay & Alfalfa Farmland in New Jersey

Hay & Alfalfa farmland in New Jersey for a 160 - 320 Acres parcel costs approximately $12,964 per acre, with a total investment of $3,111,360. The estimated annual ROI is 1.5% with cash rent of $519 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 160 - 320 Acres parcel, generating $46,080 in annual income ($192 per acre). The 5-year appreciation estimate is 1210.0%.