Kentucky Cash Receipts from Farm Commodities

By wmadministrator

Ranked from highest to lowest farm receipts for 2010

Commodity (millions)

2010
2009
2008
2007

All Poultry   
$953.3
$911.6
$934.9
$871.7

Horses    
$700.0
$780.0
$1,080
$1,120

Cattle & Calves    
$615.5
$484.6
$574.4
$605.0

Corn    
$603.5
$579.1
$591.5
$504.2

Soybeans   
$583.1
$560.0
$351.9
$387.0

Tobacco    
$331.2
$382.8
$370.2
$337.8

Dairy Products    
$204.1
$165.7
$237.6
$248.1

Hay    
$125.4
$143.4
$124.5
$106.0

Hogs

$107.3
$73.0
$82.7
$89.7

Wheat    
$83.6
$124.6
$214.3
$70.8

Greenhouse/Nursery    
$72.0
$76.0
$85.9
$87.8

Vegetables    
$23.0
$22.7
$22.5
$21.2

Other Crops*     
$11.5
$14.8
$10.7
$8.7

Apples, Peaches, Other Fruits, Nuts & Berries    
$10.8
$10.8
$4.8
$2.1

Other Livestock**    
$9.4
$9.1
$9.3
$11.7

Sheep & Lambs    
$3.1
$2.7
$2.2
$2.4

Aquaculture   
$2.5
$2.4
$2.4
na

Honey    

$0.9
$0.5
$0.4
$0.5

All commodities  

$4,440.0
$4,340.0
$4,710.0
$4,490.0

* Includes barley, sorghum grain, popcorn, sunflowers, other seeds, field crops and mushrooms.
** Includes mules, goats, rabbits, bison and all other livestock.

Livestock gains more than offset declines in crop receipts

Kentucky farm cash receipts increased 2.3 percent in calendar year 2010 to $4.44 billion and poultry is strengthening its position as the top dollar product for commonwealth farmers, according to the USDA’s recently issued 2010 annual report. A 7 percent increase in livestock receipts offset a 4 percent decline in crop receipts that were affected by drought.

Poultry receipts, having topped horses to become the state’s top “crop” for the first time in 2009, increased 5 percent to $953.3 million in 2010. Growth in broilers raised for meat production was responsible for the all of the poultry increase.

The Thoroughbred market had its third straight year of decline after a peak in 2007 of $1.12 billion. Cash receipts for Kentucky horses declined 10 percent to $700 million in 2010.

However, the cattle, dairy and hogs categories all experienced big increases along with poultry. In fact, the 27 percent increase in receipts for cattle and calves jumped it ahead of corn and soybean into third place among all farm sales categories last year; cattle receipts reached $615.5 million. With a 47 percent increase, hogs also moved ahead of two crop categories, wheat and greenhouse/nursery products, that had been bigger receipts generators in 2009; hogs brought in $107.3 million.

Tobacco declined 13 percent in 2010 but remained the sixth-highest farm receipts category at $331.2 million. Hay and wheat crops also brought Kentucky farmers less last year, 13 percent and 33 percent, respectively.

The 2010 USDA report also revised the 2009 total for all commodities upward $83 million to $4.34 billion rather than the $4.26 billion in the Lane List published a year ago. Chiefly, corn receipts were revised upward by $55 million – more than 10 percent – and soybean receipts were $32 million higher.

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