Trade-related relief payments cushion some Kentucky farmers

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MGN Online

LOUISVILLE, Ky. (AP) – Agricultural economists say international trade uncertainty looms over Kentucky’s farm economy.

But they say the farm sector was able to maintain stable income levels with a boost from government relief payments to farmers hit by low commodity prices caused by the trade conflict with China.

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The University of Kentucky ag economists said Thursday that statewide farm cash receipts are projected to be $5.9 billion. Net cash income, the amount left after expenses, is expected to exceed $1.8 billion, up slightly.

Ag economist Will Snell says the uptick has more to do with relief payments than the ag industry’s performance.