Kentucky's Agriculture Cash Receipts Reach Record High

Kentucky's agricultural receipts reach a new RECORD HIGH of $8.3 BILLION in 2022, up from $6.9 billion in 2021.

According to the most recent USDA National Agricultural Statistics Service report. . .

In 2022, the value of livestock cash receipts totaled $4.47 billion, up 26% from 2021.

Crop cash receipts in 2022 were $3.84 billion, up 14% from 2021.

Corn leads cash receipts in Kentucky for the second straight year, with a 2022 value of $1.45 billion, up 14% from 2021.

Broilers moved up to the second position with cash receipts totaling $1.43 billion, up 39% from 2021.

Soybeans ranked third with a total of $1.39 billion, up from $1.15 billion in 2021.

Equine, stud fees, sheep, goats, and other livestock totaled $1.2 billion, up 10% from 2021.

Cattle rounds out the top 5 with a value of $1.1 billion, an increase of 25% from the previous year.

Rounding out the top 10 commodities are hay, eggs, tobacco, milk, and wheat, in that order. Cash receipts values for each of these commodities increased from 2021. Eggs had the largest increase in cash receipts, just over $110 million from the previous year. Cash receipts from these 5 commodities account for 16% of the total. The top 10 commodities total almost $7.9 billion in cash receipts.

In addition to total cash receipts, corn, soybeans, broilers, cattle, and other livestock all reached record highs in 2022. And for the first time, the top 5 commodities all exceeded $1 billion in cash receipts.

Collectively, the top ten commodities total almost $7.9 billion and accounted for 95% of all cash receipts.