Economists in the UK College of Agriculture, Food and Environment shared their predictions for the Kentucky agriculture and forest economies during the annual Kentucky Farm Bureau meeting.
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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