In Kentucky, soybeans and corn are the top crops. Nearly 1.47 million acres of farmland were dedicated to soybeans, with farmers selling more than $752 million worth of the crop in 2012.
What are the top 3 agricultural products in Kentucky?
Kentucky’s most important agricultural products in terms of cash receipts were poultry (22% of projected 2015 sales), equine (16%), cattle (16%), soybeans (13%) and corn (13%). Other products, including hogs, dairy, tobacco, goats, and horticulture, play smaller roles.
What is the most profitable cash crop to grow?
The highest yielding crops are sugar cane, sugar beet, and tomatoes. Sugar cane accounts for about 80% of the world’s sugar production, while sugar beet the remaining 20%. Not surprisingly, the most lucrative cash crops from a value per acre perspective are illegal in many parts of the world.
What is Kentucky’s number one agricultural product?
Poultry, including broilers (chickens raised for meat), are Kentucky’s leading ag commodity. In 2015, state farmers earned more than $960.1 million in production value with 307.7 million broilers.
What were the top 3 cash crops?
The highest yield cash crops in the world are: Sugar cane. Sugar beet.
How much does an acre of land cost in Kentucky 2021?
Shareable PDF. Average Kentucky farm real estate values were $4,000/acre as reported in the annual Land Values Summary released by USDA on August 6. This was 2.0% higher than 2020 and the first-time average values have reached $4,000.
What is Kentucky’s main source of income?
Manufacturing
Manufacturing is the largest single contributor to Kentucky’s economy, accounting for nearly one-fifth of the state’s gross product.
What crop makes the most money per acre?
Corn. Corn, also known as maize, is a staple food in America and across the world. In 2019, U.S. farmers planted 91.7 million acres of corn, making it the most produced crop, of any crop, in the U.S.
What is the easiest farm to start?
20 Most Profitable Small Farm Ideas
- Tree Nursery. A tree nursery can be a great investment when done right.
- Fish Farming.
- Dual Crop Farming.
- Dairy Farming.
- Herb Gardening.
- Bee Farming.
- Aquaponics.
- Microgreens Farming.
Which crop has the highest demand?
Rice was the most valuable agricultural crop in the world in 2016. It was third to sugarcane and maize (corn) in quantity produced.
How many acres is considered a farm in KY?
10 acres
Under the enabling legislation for the amendment, to qualify as farmland the property had to contain a minimum number of acres (10 acres for agricultural land and 5 acres for horticultural land) and had to be used for agricultural or horticultural purposes.
How many acres is a farm in KY?
171 acres
The average farm size in Kentucky is 171 acres, compared to the national average of 444 acres. Kentucky agriculture is dominated by small family farms.
What are the top 5 AG counties in Kentucky?
LOUISVILLE (June 17, 2019) — Barren, Christian, Daviess, Fayette, and Graves counties led in key agricultural statistics in 2017, the most recent Census of Agriculture revealed.
What is the best plant to grow for profit?
Most Profitable Crops
- Lavender. Lavender can be used in just about everything, from food flavoring to medicines to fragrances.
- Bamboo. Bamboo is mainly sold as a potted plant or landscaping feature.
- Basil. Basil is a popular herb used in tons of different dishes.
- Cilantro.
- Chives.
- Ginseng.
- Gourmet Garlic.
- Arugula.
How do you make money farming 1 acre?
How To Make Money Farming 1 Acre (7 Ways)
- Microgreens. One way that many farmers are finding success with small plots of land is by growing microgreens.
- Salad Greens. Another high-value crop is salad greens.
- Garlic.
- Worm Castings.
- Black Soldier Fly Larvae.
- Mushrooms.
- Ginseng.
What is an acre of land worth in KY?
Average real estate value in Kentucky was $3,920/acre an increase of 2.6% from last year. Kentucky cropland value averaged $4,400/acre an increase of 2.3%, and pasture value was $3,060/acre, up 0.7% from 2019. Farmland values continue to show resilience in the face of weak commodity prices.
What state has the cheapest land per acre?
If you’re still looking to spend less than $10,000 an acre but willing to spend a little more to have more options, you can look at Utah, Iowa, Oregon, Colorado, Mississippi, Kentucky, Minnesota, Arkansas, Maine, and Vermont. Land in these states averages between $5,000 and $8,000 an acre.
Where in the United States is land the cheapest?
Tennessee, Arkansas, and West Virginia consistently rank as the cheapest places to buy residential land. Tennessee offers diverse geography, from mountains and lakes to acres of rural flat ground, and of course the iconic landmarks and attractions like Graceland and Nashville, the heart of country music.
Who is the largest employer in Kentucky?
The companies we keep
| Company | Employees | |
|---|---|---|
| 1 | Houchens Industries | 5,467 |
| 2 | Med Center Health | 3,566 |
| 3 | Warren County Public Schools | 2,565 |
| 4 | Western Kentucky University | 1,854 |
Is Kentucky a rich state?
Kentucky is the fortieth richest state in the United States of America, with a per capita income of $26,779 (2017).
What is Kentucky’s top export?
Made-in-America Manufacturing Exports from Kentucky and Jobs
The state’s largest manufacturing export category is transportation equipment, which accounted for $17.6 billion of Kentucky’s total goods exports in 2018.