Land Lease Survey Report for Southside Virginia Farm Business Management Update, April/May 2004
By Eric Eberly
A land lease survey was conducted during the fall of 2003. Over 2,500 surveys were mailed out to farmers and landowners in Southside Virginia. One hundred and forty-two useable surveys were received from the counties of Appomattox, Bedford, Brunswick, Campbell, and Franklin.
The results of the survey are summarized in the following table. Since the fair value of land rent varies from situation to situation, the information contained is intended for reference purposes only. For more information on farm land leasing, contact your Area Farm Business Management Extension Agent.
|Land Leasing Survey Results for Southside Virginia|
|Number of Responses||Number of Acres / #||Weighted Average $||Minimum $||Maximum $|
|Good Crop Land||19||682||18.90||7.75||46.00|
|Average Crop Land||33||2,465||18.06||7.15||35.00|
|Whole Farm per acre||25||2,593||22.89||6.00||65.12|
|Flue-cured Tobacco per lb.||12||12,724*||0.33||0.25||0.45|
|*Responses in which the farm land was rented at no cost were not included in these calculations.|
Other information relating to the surveys is as follows:
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