Hay & Alfalfa Farmland in Rhode Island

Hay & Alfalfa farmland in Rhode Island for a Over 1,000 Acres parcel costs approximately $12,179 per acre, with a total investment of $24,358,000. The estimated annual ROI is 1.6% with cash rent of $487 per acre.

Rhode Island has 1,200 farms with an average size of 50 acres. Farmland prices average $15,500 per acre statewide, with 0.8% year-over-year appreciation. Cash receipts total $0.1B annually.

The estimated annual ROI is 1.6% for a Over 1,000 Acres parcel, generating $384,000 in annual income ($192 per acre). The 5-year appreciation estimate is 495.0%.