Kentucky Bluegrass State
October 26, 2011 by staff
Kentucky Bluegrass State, Receipts will likely drive safe agriculture in Kentucky, including horses, forward again in 2011, according to Kenny Burdine, extension specialist at the University of (United Kingdom) of Kentucky, Department of Agricultural Economics. Burdine made this prediction in 2010,anlyzed the cash receipt estimates from Kentucky, recently published by the U.S. Department of Agriculture (USDA).
The figures for 2010 showed that the poultry industry again been supplanted Bluegrass Equine trademark to notch the No. 1 in total agricultural income, with 21% of the total $ 4.4 million. Agricultural Economics University Extension economists, including Burdine, estimated that in December 2010 the total income of the farm and reach 4.5 billion. Their estimates for 2011, if achieved, would be a milestone for Kentucky: a projected $ 5.1 million y.
“Horses brought cash receipts of the state five or six years, peaking in 2007 and just over 1.1 billion,” Burdine said. “Since then, however, receipts of horses have been removed in approximately 38%.”
The recession of 2008 sales rates injury and affected studies, which weighed on the market and has contributed to the weakness of the equine industry, according to Burdine. He predicts that 2011 will be a year relatively strong equine industry in Kentucky, indicating it could reach and 725 to and $ 750 million, compared with 700 million in 2010 and and 780 million in 2009, but warns it could drop the third or fourth in the Kentucky farm income by percentage.
After the recession of 2008 most of the agricultural sectors in Kentucky quickly recovered, but the strength of the equine sector was slow to return. There is a promising indicator of recovery of horses. Kentucky had an increase of 20,000 acres of alfalfa hay acres from 2010 to 2011, however, also observed a much greater reduction of the total acreage of hay.
“The trend of the surface growing alfalfa is most likely due to better weather and a general increase in power costs more attractive quality hay,” said Burdine. “The decline in the area nonalfalfa hay is probably caused by the reduction of livestock numbers and increasing competition for land for row crop production.”
Montas will remain a key engine for equine collection. Among the bulls stand for fees higher studies (over 25,000 y), 100% are based in Kentucky. By contrast, among the bulls stand for less than 5,000 and only 8% are in Kentucky, according to the report of the Jockey Club.
“Stud fees in 2011 were more likely to steadily since 2010,” Burdine said. “Therefore, the rate constant studies and moderately stronger sales should mean slightly higher revenues in 2011.”
The marquee Keeneland September yearling sale was an international benchmark for the industry, concluding with an increase in gross, average and median, despite a decrease in the number of horses sold. All these are positive signs of recovery for the thoroughbred industry.
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