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 Returns

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kentucky Farmland Returns

Over the last 20 years, kentucky farmland has offered average returns of 8.3%. At this rate, $10,000 invested in farmland in 1999 would now be worth over $92,700. Farmland returns are made up of two values, land appreciation, and capitalization rates of the property. Total farmland returns have been positive every year since 1990.

8.3%

Average Annual Returns

Cumulative Returns of Farmland

Source: NCREIF

Created with Highcharts 7.2.01998199920002001200220032004200520062007200820092010201120122013201420152016201720182019$0$15000$30000$45000$60000$75000Highcharts.com

8.3%

Standard Deviation of Returns

Year Over Year Change (%)

Source: NCREIF

Created with Highcharts 7.2.019981999200020012002200320042005200620072008200920102011201220132014201520162017201820190 %4 %8 %12 %16 %20 %Highcharts.com

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