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Agriculture is the largest industry in Virginia and the state ranks in the top 10 nationally for the production of several crops including Tobacco, Apples, Peanuts, and Turkeys. Overall the state ranks 29th in total agricultural sales in the US. There are more than 43,000 farms in Virginia with an average size of 180 acres covering 30% of the state's total land area.

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Farmland Prices

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virginia Farmland Prices

Over the last 20 years, the price of farmland per acre in the virginia has risen by an average of 4.6% per year to $4,720 per acre as of 2019. This represents an increase of $2,570 per acre of farmland over this time period.

The values shown here only represent farmland appreciation. To view total farmland returns, including cash rent and land appreciation, see the Farmland Returns section.

$4,720

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 1200$ 2400$ 3600$ 4800$ 6000Highcharts.com

4.6%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-32 %-16 %0 %16 %32 %48 %Highcharts.com

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Additional Documents

If you are interested in seeing a list of documents that are helpful for selling your farm, please download it here.

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