Farm Bill Update – January 2024

By Will Snell | Extension Professor
Published on Jan. 30, 2024

Following the expiration of the 2018 Farm Bill on September 30, 2023, Congress extended the 2018 Farm Bill late last year until September 30, 2024.

Ag Export Growth Subsides Amidst a Changing Global Economy

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

After achieving a record high of $196.4 billion in FY 2022 (October 1, 2021- September 30, 2022), USDA has for the second time reduced its 2023 FY forecast for U.S.

Current State of Carbon Market Policies

By Jordan Shockley | Associate Extension Professor
Published on May. 30, 2023

While traveling across the U.S. discussing carbon markets with various stakeholder groups, one frequently asked question is, “Will the government have its hands in carbon markets?” When this question was asked at the beginning of 2022, my answer was no.

2023 Farm Bill Overview and Update

By Will Snell | Extension Professor
Published on Apr. 28, 2023

The 2023 Farm Bill debate continues to evolve in our nation’s capital amidst a lot of political challenges.

USDA Revising Tax Documents for Assistance Under the Inflation Reduction Act

By Jerry Pierce | KFBM Program Coordinator
Published on Apr. 21, 2023

USDA is mailing revised tax documents and a cover letter to about 12,500 direct loan borrowers who received financial assistance last year under Section 22006 of the Inflation Reduction Act. 

Changes in Kentucky Sales Tax That Apply to Farming

By Jerry Pierce | KFBM Program Coordinator
Published on Feb. 28, 2023

Legislation went into effect on the first of 2023 that made many services subject to Kentucky’s 6% sales tax. One change was to the qualifications for residential use exemption from sales tax on utilities.

U.S. Ag Exports Remain Strong Amidst a Lot of Headwinds

By Will Snell | Extension Professor
Published on Oct. 31, 2022

Despite tight supply inventories, shipping and other transportation challenges, a higher valued U.S. dollar, and an overall slowing global economy, U.S. agricultural export sales are set to establish record levels in 2022.   The value of U.S.

U.S. Ag Exports/Trade Policy Update as of June 2022

By Will Snell | Extension Professor
Published on Jun. 30, 2022

USDA recently updated their trade forecast for FY 2022  projecting a record-high U.S. ag export level totaling $191 billion, 11% higher than last year’s record high and 35% above the 2016-2020 average.  Gains in U.S.

The Importance of Agriculture for Kentucky: March 2022 Report Update Now Available

By Sarah Bowker | Blueprint Kentucky Managing Director
Published on Apr. 28, 2022

Our unit, the Community and Economic Development Initiative of Kentucky (CEDIK),  recently updated the 2015 report, The Importance of Agriculture for Kentucky. The report defines the economic impact of the Agricultural sector on the Kentucky economy.

Impact of Government Payments

By Jerry Pierce | KFBM Program Coordinator
Published on Feb. 28, 2022

How important is a new farm bill? That depends on a number of factors like what you grow, where you farm, and what happens during a year to trigger payment to you. What impact have farm bills and other government programs had on Kentucky farms in terms of profitability over the last decade? They appear to have had a considerable effect.