Southern Ag Today: A Resource for Farmers and Policymakers in The Southern Region

By Jordan Shockley | Associate Extension Professor
Published on Sep. 29, 2023

The Department of Agricultural Economics here at UK is proud to be a part of Southern Ag Today.

Fall 2023 Wheat Planting Decision

By Greg Halich | Associate Extension Professor
Published on Sep. 29, 2023

Corn harvest is now underway and Kentucky grain farmers will soon decide if and how much wheat they will plant this fall.  Compared to last year there are significant decreases in wheat and soybean prices, but also significant decreases in fertilizer and fuel prices.  The following analysis quantifies these relative changes to estimate the profi

Depreciation Changes 2023

By Suzy Martin | KFBM Area Extension Specialist
Published on Sep. 29, 2023

It is important to understand the challenges facing tax preparers when it comes to accelerated depreciation and equipment purchases with trade-ins. The Tax Cuts and Jobs Act (TCJA) passed in 2018 had three significant changes to capital purchases and trade-ins.

2023 Farmland Values

By Steve Isaacs | Extension Professor
Published on Sep. 8, 2023

Each August the USDA releases the results of their survey of farmland values. The survey includes data from approximately 9,000 tracts of land of about one square mile each across the continental United States.

Can I Afford to Buy A Farm?

By Kayla Brashears | KFBM Area Extension Specialist
Published on Aug. 29, 2023

A goal of many pursuing the American dream is home ownership. Similarly, the goal of a farmer is often to become a landowner. Like single-family residences, the financial decision to purchase farmland is clouded by emotional, social, and familial influences.

2023 Tobacco Update

By Will Snell | Extension Professor
Published on Aug. 29, 2023

The 2023 tobacco harvest is well underway for the 2023 season.  This is setting up to be a late harvested crop as early weather conditions delayed progress.  While there are pockets of very good crops, excessive rain has certainly had a negative impact on the crop in certain areas, especially the dark tobacco crop in the Purchase region.

What Do Higher Profit Farms in Kentucky Have in Common?

By Lauren Omer Turley | KFBM Area Extension Specialist
Published on Aug. 29, 2023

In today’s farming culture, the farm is run just as a business.  It is important for producers to make progress and always look for ways to improve the operation.  The goal of most producers is to be at the top of the profitability curve in order to stay competitive.  In Kentucky, we have had a record three-year period from 2020 to 2022.  There

Interest Rates and Grain Storage

By Grant Gardner | Assistant Extension Professor
Published on Aug. 29, 2023

For the 2023/24 marketing year, higher interest rates will negatively impact producers' costs for holding grain in storage, especially for producers utilizing operating loans.

An INFORMATION System

By Steve Isaacs | Extension Professor
Published on Jul. 28, 2023

Recordkeeping. Root canals. Airline seats. Kidney stones. Boring relatives. Wet dogs None of them are pleasant. Some should be avoided. Some of them are pretty important though. Keeping records for the farm business, for instance. Not pleasant (usually) but certainly important.

Summaries of Produce Auction Quantities and Prices Available Soon

By Savannah Columbia | Extension Associate
Published on Jul. 28, 2023

The produce auction is a marketing channel for growers producing fruit and vegetable crops, nursery crops, and ornamentals. There are several produce auctions located throughout Kentucky, Ohio, Illinois, Pennsylvania, and other bordering states.