Economics News

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Just as the summer grilling season is heating up, beef supplies across the country are down, meaning it might cost a little more to host that backyard party. In fact, the number of beef cattle in the United States is reportedly less than 30 million—the lowest number since the early 1960s. And when numbers go down and feed prices go up, consumers end up paying more at the grocery store.

  The importance of Kentucky agriculture extends well beyond the farm. The total economic impact of agriculture production, inputs, processing and manufacturing is nearly $46.3 billion and represents 263,000 jobs in Kentucky, based on a recent analysis by the University of Kentucky College of Agriculture.

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