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Will rural prosperity prevail in 2008?

Henderson, Jason - ; Akers, Maria - ;

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 used the year?s higher profits both to strengthen their financial conditions and to boost investment in land and equipment. Meanwhile, businesses 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 near the end of the year, Main Street activity waned. The higher costs for gas and heating fuel pinched rural household budgets. And, despite robust outlooks for ethanol production and exports, rising energy costs began to trim profit margins for farm and nonfarm businesses alike. Henderson and Akers review the state of the rural economy in 2007 and discuss its prospects for 2008..Printed Journal


Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit: Federal Reserve Bank of Kansas City
Edisi-
Subjek-
ISBN/ISSN1612387
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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