Kentucky farm cash receipts hit record mark

November 28, 2014

36Pab,

FRANKFORT, Ky. (AP) — Farm cash receipts have reached a record level in Kentucky.

The Kentucky Agriculture Department reports National Agricultural Statistics Service information shows $5.6 billion in farm cash receipts in 2013 for Kentucky.

Total receipts were up more than 16 percent over 2012’s total of $4.8 billion.

The most growth was in soybeans, with farm sales of just over $1 billion, a 45 percent increase from 2012. Poultry and eggs were again the state’s top agricultural commodity in 2013 with farm sales of $1.2 billion, 15 percent more than the 2012 total.

Sales of cattle and calves were $836 million, corn was $766 million, tobacco was $404 million and horses and mules totaled $392 million. NASS no longer includes equine owned by nonfarms in calculating equine sales.

The report said cash receipts were balanced between crops and livestock.