$1.01 billion

February 25, 2014 | Number of The Day
Value of products sold on NJ farms

New Jersey’s farms are getting bigger, more efficient, and their products have a greater market value — a total of $1.01 billion — according to preliminary data released by the U.S. Department of Agriculture.

The data is derived from a twice-a-decade Census of Agriculture that’s conducted across the country. The new census is from 2012. The previous census was conducted in 2007.

According to the NJ Department of Agriculture, the census shows the average New Jersey farm increasing from 71 to 79 acres since 2007, with each farm selling an average of $111,030 – up from $95,564.

Small farms — those between one and nine acres — have decreased 24 percent to 2,237. Farms between 50 and 179 acres increased 7 percent from 1,675 to 1,790 since 2007.