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Kentucky farm economy hit hard in 2009;2010 outlook is a mixed bag

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By The Staff

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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Springfield Sun | circulation@thespringfieldsun.com | 859-336-3716
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