WEBVTT

NOTE duration:"00:01:17.9600000"

NOTE recognizability:0.897

NOTE language:en-us

NOTE Confidence: 0.9347013

00:00:00.000 --> 00:00:01.197
Tuckey's agriculture industry

NOTE Confidence: 0.9347013

00:00:01.197 --> 00:00:03.192
appears to be reaping record

NOTE Confidence: 0.9347013

00:00:03.192 --> 00:00:05.119
setting cash receipts this year,

NOTE Confidence: 0.9347013

00:00:05.120 --> 00:00:07.080
projected to exceed $6.7 billion.

NOTE Confidence: 0.9347013

00:00:07.080 --> 00:00:09.426
This is the latest estimate from

NOTE Confidence: 0.9347013

00:00:09.426 --> 00:00:10.990
the UK agriculture economists,

NOTE Confidence: 0.9347013

00:00:10.990 --> 00:00:13.510
saying the upturn is fueled by strong

NOTE Confidence: 0.9347013

00:00:13.510 --> 00:00:16.460
crop re yields and surging grain exports.

NOTE Confidence: 0.9347013

00:00:16.460 --> 00:00:18.420
Kentucky is known, of course,

NOTE Confidence: 0.9347013

00:00:18.420 --> 00:00:19.980
for crops like corn,

NOTE Confidence: 0.9347013

00:00:19.980 --> 00:00:21.150
soybeans and tobacco,

NOTE Confidence: 0.9347013

00:00:21.150 --> 00:00:23.110
livestock producers also benefited from

NOTE Confidence: 0.9347013

00:00:23.110 --> 00:00:25.460
high global demand for different meats.

NOTE Confidence: 0.9347013

00:00:25.460 --> 00:00:27.644
You'll remember farms had a tough

NOTE Confidence: 0.9347013

00:00:27.644 --> 00:00:30.103
time during the global trade fights

NOTE Confidence: 0.9347013

00:00:30.103 --> 00:00:31.967
and slumping commodity prices.

NOTE Confidence: 0.9347013

00:00:31.970 --> 00:00:32.990
Doctor William Snell,

NOTE Confidence: 0.9347013

00:00:32.990 --> 00:00:35.763
an economist with UK told WHAS 11 News

NOTE Confidence: 0.9347013

00:00:35.763 --> 00:00:38.059
today what's also good about a big

NOTE Confidence: 0.9347013

00:00:38.059 --> 00:00:40.197
projection is the trickle down effect

NOTE Confidence: 0.82945705

00:00:40.200 --> 00:00:43.434
to local economies. Yeah, bag industry has

NOTE Confidence: 0.82977235

00:00:43.440 --> 00:00:46.020
a lot of linkages.

NOTE Confidence: 0.82977235

00:00:46.020 --> 00:00:48.722
The labor market to local banks to

NOTE Confidence: 0.82977235

00:00:48.722 --> 00:00:51.466
Agri business is it has a big impact.

NOTE Confidence: 0.82977235

00:00:51.470 --> 00:00:52.918
Certainly in rural communities.

NOTE Confidence: 0.82977235

00:00:52.918 --> 00:00:55.021
But you know, here in Louisville

NOTE Confidence: 0.82977235

00:00:55.021 --> 00:00:57.380
you know with the even the banks

NOTE Confidence: 0.82977235

00:00:57.456 --> 00:00:59.773
and the the the big Agri business

NOTE Confidence: 0.82977235

00:00:59.773 --> 00:01:01.630
is the equipment dealerships.

NOTE Confidence: 0.82977235

00:01:01.630 --> 00:01:03.078
So it's pretty widespread

NOTE Confidence: 0.8966919

00:01:03.080 --> 00:01:05.072
impact. Economists also say the horse

NOTE Confidence: 0.8966919

00:01:05.072 --> 00:01:07.645
industry had a strong performance if the

NOTE Confidence: 0.8966919

00:01:07.645 --> 00:01:09.615
$6.7 billion projection is surpassed,

NOTE Confidence: 0.8966919

00:01:09.620 --> 00:01:11.430
that would eclipse the $6.5

NOTE Confidence: 0.8966919

00:01:11.430 --> 00:01:12.878
billion record in 2014.

NOTE Confidence: 0.8966919

00:01:12.880 --> 00:01:14.885
The past five year average

NOTE Confidence: 0.8966919

00:01:14.885 --> 00:01:17.960
has been around. 5.5 billion