Virginia farm real estate value increases

RICHMOND, Va. (AP) — The value of farm real estate in Virginia has increased over the past year.

A federal survey shows that the value of land and buildings on farms was an average $4,320 per acre this year. That’s up from $4,310 per acre in 2013.

Cropland value increased by $10 per acre to $4,460. The value of pastureland was unchanged at $3,930.

Cash rent paid for cropland also increased. Irrigated cropland rent paid to landlords rose by $15 to an average $100 per acre. Dryland cropland rent increased by $4 to an average $54 per acre.

Cash rent paid for pasture was unchanged at an average $21 per acre.

The survey was conducted by the National Agriculture Statistics Service.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Advertiser Content