Resources
Resources
Explore our newest resources and information, as well as archived articles.
Family Living & Net Farm Income
The average family living costs for the 119 KFBM farm families whose 2023 living expenses were included in the family living study was $88,522, or $7,375 per month. Their average Net Farm Income was $123,618. The average family living costs over the past five years have been $85,409, and the average over the last 10 years has been $79,023.
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What to Think about Going into Harvest
As we are moving into harvest there are couple of things to think about in terms of farm finances. This year, net farm income is expected to decline and many farmers are worried about how they will cash flow the rest of the 2024 crop year. Now is the time to think about what can be done to help from seeing a significant decrease this year.
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- Avoid Costly Fines: What You Need to Know about New Beneficial Ownership Reporting Rules
- Interest Rates and Refinancing
- Should You Pay Your Kids to Work on the Farm?
- Spring 2024 Farm Observations across Kentucky
- Weathering the Storm
- Secrets of Successful Farm Managers
- What to Consider when Renting Out Your Farm
- Depreciation Changes 2023
- Can I Afford to Buy a Farm?
- What Do Higher Profit Farms in Kentucky have in Common?
- Land Rental Agreements
- H-2A Guest Worker Program for Agricultural Employers
- Does the IRS Consider my Farming Operation a Hobby Farm?
