Economists: Ag sector is booming

Record high grain prices, record cash receipts, record net farm income and new opportunities to market farm products here and abroad spelled a booming agriculture economy for 2007, University of Kentucky ag economists told farmers and the press gathered at the annual Farm Bureau meeting in Louisville.

And the outlook for 2008 is more of the same... if, if and if. If the weather is favorable. If export markets continue strong. If demand for ethanol continues to spiral. If the economy does not slip into recession as a result of the credit crunch.

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