Items: Extension Article
Retirement 2022
By Tarrah Hardin | KFBM Area Extension Specialist
Published on Oct. 31, 2022
Currently, it is a very stressful time to be farming because of conditions that cannot be controlled. With high input and equipment prices, some producers are thinking of exiting in the next few years.
The Auction Market for Kentucky’s Front Porch Staples: Mums and Pumpkins
By Savannah Columbia | Extension Associate
Published on Oct. 31, 2022
The current picture of fall in Kentucky can be painted with harvest underway and horses racing at Keeneland racetrack, while pumpkins and mums fill the front porches of homes across the Commonwealth. Mums and pumpkins are staples of the Autumn season in our state.
Fall 2022 Wheat Planting Decision
By Greg Halich | Associate Extension Professor
Published on Sep. 29, 2022
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 increases in wheat and soybean prices, major increases in all fertilizer prices, and fuel prices that have almost doubled. The following analysis quantifies these relative changes
2022 Farmland Values
By Steve Isaacs | Extension Professor
Published on Sep. 29, 2022
Kentucky’s farm real estate values increased 8.8% according to the annual Land Values Summary released by USDA in August. Average real estate value in the Commonwealth increased to $4,350 per acre, up from the $4,000 per acre reported in 2021.
Carbon Programs for Woodland Owners in Kentucky
By Jordan Shockley | Associate Extension Professor
Published on Sep. 29, 2022
As carbon programs continue to evolve and expand throughout the country, many programs focus on agriculture, specifically sequestering carbon in row crop production. Why agriculture?
Farm Employee Retention
By Suzy Martin | KFBM Area Extension Specialist
Published on Sep. 29, 2022
Hiring and managing employees is one of the least liked tasks a farm operator faces. Questions about the cost of hiring employees are an often-asked question of Kentucky Farm Business Management Program (KFBM) specialists.
Optimism for Burley???
By Will Snell | Extension Professor
Published on Aug. 30, 2022
For those of you who have gotten past the title, it is not a typo. Yes, the Kentucky burley sector has lost over 70% of its market over the past couple of decades, while the number of farms growing burley in the Commonwealth has dwindled by more than 90%.
Relating Farm Financial Terms to Real Life
By Kayla Brashears | KFBM Area Extension Specialist
Published on Aug. 30, 2022
A producer that works with any type of lending institution may hear their lender use words like liquidity, solvency, and profitability. Their banker may tell them their Term Debt Coverage Ratio is less than 1:1, so the new farm purchase is off the table. A producer may know that their Debt-to-Worth is good or their Current Ratio is bad.
USDA-FSA’s Livestock Indemnity Program
By Kenny Burdine | Extension Professor
Published on Aug. 9, 2022
USDA’s Livestock Indemnity Program (LIP) is administered by the USDA Farm Service Agency (FSA) and is intended to help compensate producers for greater than normal levels of livestock deaths from adverse weather, disease outbreaks, and predator attacks. The program can also partially compensate producers for lost value resulting from injury.
Mid-Year Cattle Report Continues to Show Decreasing Cattle Inventory
By Kenny Burdine | Extension Professor
Published on Aug. 3, 2022
In late July, USDA-NASS released their mid-year estimates of U.S. cattle inventory. As expected, the report showed lower inventory across most all cattle types. All cattle and calves were estimated to be down by just under 2%, while beef cow inventory was estimated down by 2.4%.