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KENTUCKY FACT SHEET
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Population
Per-capita income
Earnings per job
Poverty rate
Total number of jobs
Unemployment rate
Percent employment change
Farm & farm related jobs
Top export commodities
Farm characteristics
Farm financial indicators
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POPULATION, EMPLOYMENT, AND INCOME
State Metro Nonmetro
Population
1980 3,660,324 1,735,416 1,924,908
1990 3,686,891 1,779,947 1,906,944
Latest(1997) 3,908,124 1,888,667 2,019,457
Per-capita income (1996 dollars)
1995 19,298 22,725 16,094
1996 19,773 23,300 16,475
Change 2.5% 2.5% 2.4%
Earnings per job (1996 dollars)
1995 24,759 27,620 21,195
1996 25,190 27,977 21,668
Change 1.7% 1.3% 2.2%
Poverty rate
1980 17.6 12.8 21.9
1990 19.0 13.8 23.9
Latest(1995-96) 15.9 N/A N/A
Total Number of Jobs
1995 2,104,312 1,167,186 937,126
1996 2,133,783 1,190,943 942,840
Unemployment Rate
1996 5.6 4.3 7.0
1997 5.4 4.2 6.7
Percent employment change
1994-95 2.0 2.2 1.8
1995-96 0.1 0.3 -0.1
1996-97 3.5 4.5 2.4
Percent of 1995 employment in farm and farm related jobs:
Total 20.4 16.5 25.3
Production 5.9 2.5 10.2
Farm Inputs 0.3 0.2 0.5
Proc. & Mark. 3.1 2.1 4.5
Whol.& Retail 10.5 11.2 9.7
FARM CHARACTERISTICS
1992 Census of Agriculture
TOTAL LAND AREA (million acres) 25.4
TOTAL FARMLAND (million acres) 13.7
of total land area 53.7%
CROPLAND (million acres) 8.9
of total farmland 65.0%
irrigated 0.3%
in pasture 38.9%
in Fed. farm program 0.6%
in Conservation Reserve 3.0%
WOODLAND (million acres) 3.1
of total farmland 22.9%
in pasture 31.7%
PASTURELAND (million acres) 1.1
of total farmland 7.8%
OTHER LAND (million acres) 0.6
of total farmland 4.4%
AVERAGE FARM SIZE (acres) 151.0
FARMS BY SIZE
1 to 99 acres 56.8%
100 to 499 acres 37.8%
500 to 999 acres 3.8%
1,000 to 1,999 acres 1.2%
2,000 or more acres 0.4%
FARMS BY SALES
Less than $50,000 88.3%
$50,000 to $99,999 6.1%
$100,000 to $499,999 5.1%
More than $500,000 0.5%
TENURE OF FARMERS
Full owner (farms) 63,398
Percent of total 70.2%
Part owner (farms) 18,779
Percent of total 20.8%
Tenant (farms) 8,104
Percent of total 9.0%
FARM ORGANIZATION
Individuals/family corporations (farms) 77,583
Percent of total 85.9%
Partnerships (farms) 12,135
Percent of total 13.4%
Non-family corporations (farms) 193
Percent of total 0.2%
Others (farms) 370
Percent of total 0.4%
Avg. Operator Age (yrs.) 53
Perc. w/ farming as their 44.5%
principal occupation
FARM FINANCIAL INDICATORS
Farm Income and Balance Sheet Statement
Year 1995 1996
Number of farms 89,000 88,000
Million $
Final crop output 1,391.6 1,722.7
+ Final animal output 1,653.8 1,656.9
+ Services and forestry 548.8 609.1
= Final agricultural sector output 3,594.1 3,988.7
- Intermediate consumption outlays 1,541.0 1,645.5
+ Net government transactions (26.4) (21.7)
= Gross value added 2,026.7 2,321.5
- Capital consumption 562.8 566.9
= NET VALUE ADDED 1,463.9 1,754.6
- Factor payments 650.6 708.7
Employee compensation (total hired labor) 190.6 193.6
Net rent received by nonoperator landlords 220.7 270.0
Real estate and nonreal estate interest 239.4 245.1
= NET FARM INCOME 813.3 1,045.9
Farm Balance Sheet as of December 31: 1995 1996
FARM ASSETS 21,261.5 21,916.2
Real estate 16,227.5 16,965.8
Nonreal estate 5,034.0 4,950.5
FARM DEBT 2,871.1 3,082.2
Real estate 1,806.1 1,864.2
Nonreal estate 1,065.0 1,218.0
EQUITY 18,390.4 18,834.0
RATIOS Percent
Debt/equity 15.6 16.4
Debt/assets 13.5 14.1
TOP 5 AGRICULTURE COMMODITIES, 1996
% of State Tot. % of US
Commodity Farm Receipts Tot.Val.
1. Tobacco 22.8 29.0
2. Horses/mules 17.6 100.0
3. Cattle and calves 13.6 1.5
4. Corn 10.2 1.6
5. Soybean 8.6 1.8
All Commodities 1.8
TOP 5 AGRICULTURE EXPORTS, ESTIMATES, FY 1997
Rank Among
States Value
Commodity
Million $
1. Tobacco unmfd. 2 387.5
2. Live animals and meat exc. poultry 8 189.1
3. Soybeans and products 13 174.2
4. Feed grains and products 15 132.6
5. Wheat and products 17 99.7
Overall 18 1,109.8
TOP 5 COUNTIES IN AGRICULTURAL SALES 1992
Percent of State's
Total Receipts Million $
1. FAYETTE 4.7% 126.1
2. BOURBON 3.0% 79.4
3. WOODFORD 2.8% 75.7
4. GRAVES 2.6% 68.2
5. DAVIESS 2.5% 67.0
State Total 2,663.7
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