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The global recession and the bursting of 2008’s commodity price bubble resulted in a one-two punch to Kentucky’s agricultural sector in 2009. Agricultural economists with the University of Kentucky College of Agriculture estimate Kentucky farm cash receipts to be $4.29 billion this year, down about $550 million from 2008’s record high. However, if global economic recovery proceeds as predicted, overall cash receipts for 2010 should remain at approximately the same level, or slightly higher.
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