Mobile Apps in Agricultural Economics

By Jordan Shockley | Associate Extension Professor
Published on Apr. 1, 2021

We have smartphone apps for everything these days, including apps for farmers and producers in areas such as marketing, management, policy, agribusiness, and economic development. This publication provides an overview of apps designed to aid in these areas, which topics they cover, and their availability via Apple or Google smartphones.

USDA Announces Additional Pandemic Assistance for Farmers

By Kenny Burdine | Extension Professor and Will Snell | Extension Professor
Published on Mar. 30, 2021

On March 24th, U.S.

ARC-PLC Farm Bill Decision 2021

By Greg Halich | Associate Extension Professor
Published on Feb. 25, 2021

Starting in 2018, grain farmers have had the ability to decide on a yearly basis between the ARC and PLC Farm Bill programs.  The decision needs to be made for each base-acre crop type (corn, soybeans, wheat) on each FSA farm.  You can choose PLC for one crop type, and ARC for another crop type on the same farm.

Paycheck Protection Program Loan Forgiveness

By Jerry Pierce | KFBM Program Coordinator
Published on Feb. 25, 2021

The Economic Aid Act reauthorized the Small Business Administration (SBA) Paycheck Protection Program (PPP) through March 31. On January 19, 2021, SBA issued Interim Final Rules concerning forgiveness and review of first and second draw loans made under PPP.

More Government Money on the Way for Kentucky Farmers

By Will Snell | Extension Professor
Published on Jan. 28, 2021

The latest COVID-19 stimulus package (Consolidated Appropriations Act of 2021) contains more funding for U.S. agriculture. Last year, U.S. farmers received an estimated $46 billion of direct federal funding, accounting for nearly 40% of projected U.S.

Paycheck Protection Program Update

By Jerry Pierce | KFBM Program Coordinator
Published on Jan. 20, 2021

The Economic Aid Act reauthorized the Small Business Administration (SBA) Paycheck Protection Program (PPP) through March 31 and made several modifications beneficial to farmers. It also authorizes second draw PPP loans. The application deadline has been extended to May 31.

Additional CFAP Funding Announced

By Kenny Burdine | Extension Professor and Will Snell | Extension Professor
Published on Jan. 19, 2021

USDA announced on this past Friday that additional Coronavirus Food Assistance Program (CFAP) payments (labeled CFAP 2.1) will be made for certain producers using leftover funds from the first two rounds of CFAP.

Estimating the Economic Depreciation of Farm Assets

By Jonathan Shepherd | Extension Specialist, Jordan Shockley | Associate Extension Professor, and Robert Ellis | Graduate Student
Published on Jan. 7, 2021

Depreciation can often become an overlooked area for a farming operation. Yet, it plays a major role in both taxes and profitability.  A possible reason could be that when most people hear depreciation, they jump directly to tax depreciation.

The Economic Value of Applying Broiler Litter in the Fall

By Jordan Shockley | Associate Extension Professor
Published on Nov. 25, 2020

Spring application of broiler litter is ideal for maximizing the economic value, but faces challenges that include wet soil conditions, lack of time to spread litter near planting, and availability of litter in the spring.

2020 Tax Update

By Suzy Martin | KFBM Area Extension Specialist
Published on Nov. 25, 2020

Despite all the events of 2020, the tax law changes were minimal.