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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.

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The 2012 drought greatly reduced Kentucky corn yields and left many producers wondering whether they have the protection they need in case of another disastrous season.

University of Kentucky College of Agriculture economist Cory Walters said producers can choose between two risk protection programs offered by the U.S. Department of Agriculture--the Direct and Counter-Cyclical Payment Program and the Average Crop Revenue Election.

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