Despite experiencing one of the worse droughts in U.S. history, agriculture economists in Kentucky are projecting record cash receipts for the state’s farmers.
During their annual outlook during the Kentucky Farm Bureau conference, economists from the University of Kentucky say they think Kentucky will break the $5-billion barrier in revenues this year.
Lead economist Will Snell says high prices for many crops -- along will increased exports and insurance payouts -- helped offset the drought for many agricultural industries in Kentucky.