undefined Agriculture Overview

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Agriculture has a long history in the state of Kentucky and is still is one of the state’s leading economic drivers. Throughout its history, Kentucky has been one of the leading producers of tobacco in the nation and still remains the number 2 exporter of the crop. Today, Livestock producers play a large role in our agricultural economy as Kentucky is the number 1 exporter of Livestock products. As of 2017, there were a total of 75,966 farms producing a wide variety of crops and animal products adding up to nearly 13 million acres, 51% of the total land area.

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Farmland Prices

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kentucky Farmland Prices

Over the last 20 years, the price of farmland per acre in the kentucky has risen by an average of 4.8% per year to $4,300 per acre as of 2019. This represents an increase of $2,500 per acre of farmland over this time period.

The values shown here only represent farmland appreciation. To view total farmland returns, including cash rent and land appreciation, see the Farmland Returns section.

$4,300

Current Price Per Acre

Value per Acre

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$ 0$ 1000$ 2000$ 3000$ 4000$ 5000Highcharts.com

4.8%

Average Land Appreciation

Year Over Year Change (%)

Source: USDA

Created with Highcharts 7.2.019971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019-4 %0 %4 %8 %12 %16 %Highcharts.com

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Additional Documents

If you are interested in seeing a list of documents that are helpful for selling your farm, please download it here.

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