Monthly Archives: April 2015

Exploring Consumer Interest in Agritourism Venues Located in the New River Valley

Gustavo Ferreira, Assistant Professor, Agricultural and Applied Economics, Virginia Tech
French Price, Undergraduate Student, Virginia Tech
Amanda Mitcheltree, Undergraduate Student, Virginia Tech
Chelsea Abbott, Undergraduate Student, Virginia Tech
Christine Stephan, Undergraduate Student, Virginia Tech
Kim Morgan, Assistant Professor, Agricultural and Applied Economics, Virginia Tech

1. Introduction

Agritourism is a value-added activity that generates additional net farm income and creates a loyal consumer base for branded farm products. Agritourism also allows for diversification of income sources, thus decreasing market risk exposure. Agritourism is a good strategy to cope with bad crop years, disasters, and drought. Other economic and non-economic benefits from agritourism include the preservation of agricultural heritage, maximization of productivity and resources, and improvements in the economic situation of a community. Continue reading

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2014 NASS Cropland and Pastureland Rental Rates

Lex Bruce, Research Associate, Department of Agricultural and Applied Economics, Virginia Tech; Gordon E. Groover, Extension Economist, Farm Management, Department of Agricultural and Applied Economics, Virginia Tech

This winter USDA National Agricultural Statistical Service (NASS) released cash rental rates for irrigated and non-irrigated cropland and pastureland for Virginia counties and cities.

  • Table 1 – listing of 2014 rental rates by jurisdiction for irrigated and non-irrigated cropland and pastureland
  • Table 2 – listing of counties and cities in each NASS crop reporting district

To view rental rates click here 2014_Rental Rates.

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An Overview of Agritourism in the United States, Virginia and Surrounding States: An Ag Census Analysis

Gustavo Ferreira, Assistant Professor, Agricultural and Applied Economics, Virginia Tech

In the last decade agritourism in theUnited States and Virginia has become a more viable option as a revenue stream for an existing farms or for new farmers looking to carve out a niche to support their families. This study of the last three Agricultural Census (2002, 2007, 2012) reveals some national and regional trends in the agritourism industry. Continue reading

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The Management Calendar

Gordon Groover, Extension Economist, Department of Agricultural & Applied Economics, Virginia Tech

Listed below are the items to consider including on your spring 2015farm business management calendar. Continue reading

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Down to the Wire: A Few More Considerations

Jim Pease, Professor, Agricultural & Applied Economics, Virginia Tech

April 7 is the final day for farm landowners to reallocate commodity program base acres and update payment yields, and for producers to choose between Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC). According to the March 27 USDA announcement of the new deadline, nearly 98 percent of owners had completed the base acre/payment yield process, and 90 percent of producers had elected either ARC-CO (county-coverage), ARC-IC (farm-coverage), or PLC. For the remaining landowners and producers, it’s time to act, because inaction will cause the following: 1) all program crops on all your FSA farms owned or operated will continue with existing base acre allocations and payment yields, 2) all program crops on all your FSA farms will be assigned to PLC during 2015-2018, and 3) no 2014 ARC or PLC payments will be received. The cost of inaction was described earlier in this blog in “Corn ARC-Co and PLC Forecast Payments: Look Carefully Before Choosing!”  Continue reading

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