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Explore West Virginia agriculture and learn what makes it unique.
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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Over the last 20 years, farmland rental rates per acre in west virginia have risen from an average of $30 per acre in 1994 to $45 per acre in 2019. This represents an increase of $15 over this time period with an average implied capitalization rate of 1.1%.
$45
Current Rental Rate Per Acre
Cash Rent per Acre
Source: USDA
1.1%
Average Annual Cap Rate
Implied Annual Capitalization Rate
Source: USDA