Kentucky ag economists predict record-high 2022 cash receipts

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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KyAgJennifer ElwellAgFacts
A Tale of Two Extremes

The latest information from the USDA National Agricultural Statistics Service, Kentucky Field Office notes, “Pasture conditions continue to decline as drought and cool temperatures are stunting regrowth. Grazing has been limited as the grass is brown and dormant. Many farmers have been feeding hay for a month at this point and concern is growing for winter hay stocks.”

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