Virginia Farm Real Estate Value Increases - 47 ABC - Delmarva's Choice

Virginia Farm Real Estate Value Increases

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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 This material may not be published, broadcast, rewritten or redistributed.)

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