Kentucky
Kentucky agriculture on pace to achieve record receipts
LOUISVILLE, Ky. (AP) – Agricultural economists say Kentucky’s farm sector is on tempo to attain record-setting money receipts.
That’s regardless of a turbulent 12 months marked by surging inflation and excessive climate.
Statewide farm money receipts this 12 months are projected to method $8 billion. That may simply surpass the 2021 record-high of $6.9 billion.
That’s in line with a group of College of Kentucky ag economists who supplied their projections on Thursday.
Ag economist Will Snell says farmers benefited from comparatively excessive nationwide commodity costs.
He says farm-level costs in Kentucky will greater than offset decrease yields for many agricultural enterprises.
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