Rural America Continues To Struggle As Urban Areas Grow

December 8, 2017 11:58 AM
 
 

The stock market has remained on an impressive climb, and a new report out of Washington D.C. shows unemployment rates are at a 17-year low of 4.1 percent.

It seems as though the U.S. economy is booming after the 2008 Great Recession where unemployment peaked at 10 percent in Oct. 2009. However, the rural economy isn’t showing these robust gains.

In a report from Drovers, the Bureau of Labor Statistics shows in rural counties, jobs have decreased by 770,000 from 2007 to July 2017.

Urban areas have bounced back quicker than their rural counterparts, and there’s been an increase of 9 million jobs since before the Great Recession began.

While the USDA is reporting 2018 could be the year the farm economy turns around, some analysts are saying financial stresses will be felt regionally in the year ahead.

“Kansas and Nebraska, that area is seeing a lot of stress—there are a lot of farm bankruptcies this year than there were last year,” said Tanner Ehmke, economist with CoBank.

He says if grain prices don’t pick up soon, some farmers may have to look for jobs off the farm.

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Comments

 
Spell Check

LEE
Jackson, WI
12/8/2017 07:39 PM
 

  I respect his comments but isn't it time to start going back to reducing some acres if the buyers know it is going to be produced they will wait to bid on anything produced, and let's face it with all the fake news that is in politics it has been in farming for years with all the made up numbers that are fired at the traders they feel as if they don't have to pay for anything. We keep being told we can't produce enough to feed the growing world that is another lie that keeps all the farmers feeling invincible how many families are going to go through the heartache of loosing another farm believing all these lies. lets face it farmers are there own worst enemy they will buy more equipment to farm more ground for more hours and get less money! We are too stupid to figure out gee maybe I should have drove the old combine a few more years and maybe I didn't need that $50000.00 pickup. Or that $10000.00 per acre land where does it end. How many 10000 Acre farms or 8000 cow dairies do we need we were better off when we only worked a 1000 acres and milked 150 cows and didn't head to Florida the day after that last row was harvested. We are not factories we are families. And I am sorry to say I would not have time to get another job because By the time I get the farm work done there is not time for a second job and it is stupid to suggest it! Because if you are not looking at the tools you use the rest of the year and preparing them for the next season you are preparing to fail a lot faster. I am a full time family farmer and if that is not enough to make a living I guess we will have to rely on corporate farms that punch a time clock and go home at 5 o'clock or maybe that is when second shift starts it is really a shame what it has become!

 
 

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