The rural economy was strong in 2007. Record farm

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Will Rural Prosperity Prevail in 2008?: A Reprint from the “Economic Review”

The rural economy was strong in 2007. Record farm

Our Price: $15.00

By Jason Henderson (au); Maria Akers (au)
Year: 2008
Pages: 17
Binding Paperback

Product Code: 1437905021

Description

The rural economy was strong in 2007. Record farm incomes were fueled by rising ethanol demand and by stronger export demand, which was driven in part by a weaker dollar. Farmers strengthened their financial conditions and boosted investment in land and equipment. Meanwhile, bus. on Main Streets reaped benefits from the higher farm spending, and the fortunes of energy-dependent regions brightened with higher energy prices. As the year progressed, however, the outlook for the rural economy began to dim. Following national trends, Main Street activity waned. The higher costs for gas and heating fuel pinched rural household budgets. The authors review the state of the rural economy in 2007 and discuss its prospects for 2008. Illustrations.

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