Kelly Riley cuts sunflowers for the popular bouquets she sells every week at farmers' markets in Georgetown and Lexington.
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Nine working groups involving over 200 leaders from various sectors of Kentucky agriculture are actively shaping the future of our industry. This collaborative effort, part of the Strategic Roadmap for Kentucky Agriculture: 2025-2030, is spearheaded by the Kentucky Agriculture Council and will be unveiled this November.
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The final tally of ag cash receipts demonstrates the strength of Kentucky agriculture, but that doesn’t mean farm families are getting rich.
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During the Kentucky Farm Bureau’s annual meeting, University of Kentucky College of Agriculture, Food and Environment economists shared their predictions for the state’s agriculture and forest economies. Despite significant challenges, the economists predicted the state’s 2022 agricultural receipts will approach a record-high $8 billion, well surpassing the 2021 record-high of $6.9 billion.
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University of Kentucky agricultural economists are predicting the state’s 2021 agricultural receipts will exceed $6.7 billion. If realized, this will be a new record, surpassing the previous record of $6.5 billion in 2014 and the $5.5 billion average over the past five years. They expect net farm income to approach $2.5 billion, which is the highest since 2013.
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Agricultural economists from the University of Kentucky College of Agriculture, Food and Environment are projecting 2020 farm cash receipts to be $5.5 billion, equaling 2019 receipts. The economists estimate that net farm income will likely exceed the $2.2 billion Kentucky producers earned in 2019.
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