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KFB Marketbasket Survey Shows Increase in Food Prices for Second Straight Quarter

After two years of slight quarterly declines in food prices, the most recent Kentucky Farm Bureau (KFB) Marketbasket Survey indicates a food-cost increase for a second straight quarter.

The survey, taken four times each year, price-checks 40 basic food items throughout the state in an effort to gauge current food-price trends. Since the end of 2016, surveyed food items had dropped by a total of $3.79 or just over three percent.

Across Kentucky - July 20, 2018
July 11, 2018
Across Kentucky - July 20, 2018

The average cost of basic grocery items in Kentucky is continuing to rise slightly.  Kentucky Farm Bureau Communications Director Todd Bright talks about the quarterly Market Basket Survey, what items saw an increase, which items dropped in price and the ones that remained the same.

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Across Kentucky - July 19, 2018
July 11, 2018
Across Kentucky - July 19, 2018

Steam engine enthusiasts and those curious about the history of mechanized agriculture will be just south of the Kentucky board in Adams, Tennessee, Friday and Saturday, July 20 and 21, for the annual Tennessee-Kentucky Thresherman’s Show.  Association President, Charlie Bumpus, talks about what people can see, the events taking place and other details.

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Across Kentucky - July 18, 2018
July 11, 2018
Across Kentucky - July 18, 2018

Farm markets and the growing season in Alaska are much different than in Kentucky.  Kentucky Farm Bureau Commodity Specialist, Fran McCall, discusses the recent Certified Roadside Market tour in Alaska, what participants learned and the differences in Alaska and Kentucky products.

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Across Kentucky - July 17, 2018
July 11, 2018
Across Kentucky - July 17, 2018

The Kentucky Joint Tax Expenditure Task Force is studying more than 600 tax exemptions to determine which ones are still relevant and if there needs to be a way to subset some of the exemptions.  Task Force member Jason Petrie, who serves as the 16th District State Representative, talks about the exemptions being studied and the potential effect on agriculture.

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Across Kentucky - July 16, 2018
July 11, 2018
Across Kentucky - July 16, 2018

The number of suicides among farm families is continuing to rise according to the Center for Disease Control.  Hancock County Extension Agent, Evan Tate, is partnering with the Hancock County Farm Bureau to host “Focus on Farm Families and Stress”, a seminar that will be conducted by Dr. Deborah Reed on July 16 at the Hawesville United Methodist Church.

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Market Closes - July 10, 2018
July 10, 2018
Market Closes - July 10, 2018

CBOT futures closed steady to much lower with Chicago wheat leading the way down. Wheat was pressured by large supplies and strong export competition. Corn dropped on above-average crop ratings and forecasts for rain next week to keep the crop looking strong.  Live Cattle weakened in the 2018 contracts and edged higher for 2019 contracts. Feeder Cattle posted small gains as the CBOT dropped.