Will Energy Markets Refuel the Rural Economy?: A R

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Will Energy Markets Refuel the Rural Economy?: A Reprint from the “Economic Review”

The rural economy began 2006 facing an uncertain o

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By Jason Henderson (au); Maria Akers (au)
Year: 2007
Pages: 21
Binding Paperback

Product Code: 1422314391

Description

The rural economy began 2006 facing an uncertain outlook. For 2 years, rural growth had been unusually strong. But rising energy costs threatened to stall the expansion. As the year progressed, however, some rural communities were able to harness the power of high energy costs by taking part in its production. Farm incomes also declined as severe drought limited production & higher energy costs cut profits. Still, rising crop costs fueled by ethanol production kindled optimism for new economic engines in rural America. This article reviews the state of the rural economy: the slower, but steadier, expansion on Main Streets; the health of the farm economy; & rural prospects for 2007 & the influences of robust energy activity on the rural economy. Charts & tables.

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