By Jordan Strickler
University of Kentucky
After achieving remarkable success the previous two years, Kentucky’s agricultural economy will likely experience a modest decline in 2023 and some sectors will face continued challenges into 2024.
The global response to price incentives, stemming from tight global stocks and trade opportunities, has significantly impacted the state’s agricultural sector.
According to University of Kentucky Ma href=”https://www.ca.uky.edu/”>Martin-Gatton College of Agriculture, Food and Environment economists, researchers and extension specialists, this anticipated downturn is primarily attributed to price declines for several key farm commodities.
“Several challenges confront Kentucky agriculture,” said UK Department of Agricultural Economics professor Will Snell. “Increased global production is leading to significant price drops…
