Economics News

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Most beef cattle-producing states have been able to escape drought conditions so far this year and Kentucky producers enjoyed significant rainfall in early July that put them in a good position this summer. Still, weather aside, Cattle prices have improved from recent declines but remain lower than this time last year.

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A study by the University of Kentucky’s Community and Economic Development Initiative of Kentucky shows that agriculture is a valuable asset to Fayette County’s economy. Agriculture and the businesses that support it are responsible for one out of 12 jobs and for $2.3 billion in annual output.

The CEDIK study was unveiled at a recent Lexington-Fayette Urban County Government council work session.

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