Virginia law allows for localities adopting a program of special assessments for agriculture, horticulture, forestry and/or open space lands for their land to be taxed based on the value of the land in one of these four uses (use value) instead of its market value. This document describes methods and procedures used to calculate use values for agriculture and horticulture land based on an income and rental rate approach.

This report succeeds the Agricultural Land Sales in Virginia report analyzing agricultural land sales in the Commonwealth of Virginia from 2010 – 2018 (the “2018 Report”). Similar to its predecessor, this report provides insight into agricultural land sales in the Commonwealth from 2019 through 2020 and summarizes the averages of market-based agricultural land transactions at the multicounty district and statewide levels. The highest growth rate was observed in the Northern ASD district. Statewide, the market-based estimates of farmland averaged $5,533 per acre, a 14% increase from 2019 to 2020.

Native warm season grasses may provide valuable forage resources for farmers in the summer months, while also providing habitat for wildlife, among other conservation benefits. This report provides the results of a three-year forage yield variety trial of 20 different cultivars and ecotypes of native warm season grasses at five different locations in Virginia.