Trade-related relief payments cushion some Kentucky farmers

0
497
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.

- Advertisement -

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.

Previous articleMexico president hosts US AG behind closed doors in capital
Next articleNew work rule could impact food stamps program
mm
Bobbi McSwine joined the ABC 36 News Team in March 2020. She started as a Web Content Producer in November 2019. She was born and raised in Chicago, IL, known to many as the “Windy City.” She studied journalism at the University of Illinois in Urbana Champaign. While in school, she had a number of internships ranging from Free Spirit Media, ABC 7 Chicago and Illinois Public Media. She fell in love with writing in high school and paired that with a newfound passion for storytelling in college. She misses her hometown, but she loves the horses and rich history in Lexington. When she’s not working, she’s probably listening to music or binge-watching Netflix. She’s always looking to get to know more people in Central Kentucky, so feel free to shoot her a message on Facebook @BobbiWTVQ, follow her on Twitter @McSwineB_News, or send her an email at bmcswine@wtvq.com.