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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 Returns

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virginia Farmland Returns

Over the last 20 years, virginia farmland has offered average returns of 5.9%. At this rate, $10,000 invested in farmland in 1999 would now be worth over $69,200. Farmland returns are made up of two values, land appreciation, and capitalization rates of the property. Total farmland returns have been positive every year since 1990.

5.9%

Average Annual Returns

Cumulative Returns of Farmland

Source: NCREIF

Created with Highcharts 7.2.01998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$0$8000$16000$24000$32000$40000Highcharts.com

5.9%

Standard Deviation of Returns

Year Over Year Change (%)

Source: NCREIF

Created with Highcharts 7.2.01998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-32 %-16 %0 %16 %32 %48 %Highcharts.com

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