Kentucky agriculture on pace to achieve record receipts

LOUISVILLE, Ky. (AP) – Agricultural economists say Kentucky’s farm sector is on pace to achieve record-setting cash receipts.

That’s despite a turbulent year marked by surging inflation and extreme weather.

Statewide farm cash receipts this year are projected to approach $8 billion.

That would easily surpass the 2021 record-high of $6.9 billion.

That’s according to a team of University of Kentucky ag economists who offered their projections on Thursday.

Ag economist Will Snell says farmers benefited from relatively high national commodity prices.

He says farm-level prices in Kentucky will more than offset lower yields for most agricultural enterprises.