undefined Agriculture Overview

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Due to West Virginia's hilly / mountainous terrain, much of the state's agricultural ecosystem revolves around Livestock, Poultry, and products which amount to 80% of agricultural sales in the state. The top crop produced is Hay, much of which is used as feed for Livestock, followed by Corn and Soybeans. Just under 24% of West Virginia's total land are is used as farmland for a total of 3.6 million acres of cropland, pastureland, and timber.

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Farmland Rental Rates

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west virginia Farmland Rental Rates

Over the last 20 years, farmland rental rates per acre in the west virginia have risen from an average of $26 per acre in 1999 to $43 per acre in 2019. This represents an increase of $17 over this time period with an average implied capitalization rate of 1%.

$43

Current Rental Rate Per Acre

Cash Rent per Acre

Source: USDA

Created with Highcharts 7.2.019941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 10$ 20$ 30$ 40$ 50Highcharts.com

1%

Average Annual Cap Rate

Implied Annual Capitalization Rate

Source: USDA

Created with Highcharts 7.2.0199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820190 %0.5 %1 %1.5 %2 %2.5 %Highcharts.com

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