The average value of an acre of U.S. farmland rose $50 to $4,100 last year, according to the U.S. Department of Agriculture’s 2019 cropland value report.
A summer picnic meal remains affordable at a cost of $5.28 per person, according to a recent American Farm Bureau survey.
Virginia farmers earned $4 billion from the sale of all agriculture products in 2017, and half of that income was generated in the state’s top 10 ag counties, according to recently released findings from the 2017 Census of Agriculture.
U.S. net farm income is expected to increase 10 percent this year, according to projections from the U.S. Department of Agriculture. But the increase follows a 16 percent drop in 2018.
Virginia forests provided $21 billion to the state’s economy in 2017. More than 62 percent of the commonwealth qualifies as forestland, according to the Virginia Department of Forestry.