User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


71° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Drought Hurts Rural Economy In 10 States

September 20, 2012, 5:08 PM

Drought Hurts Rural Economy In 10 States
OMAHA, NE -

The economy in rural parts of 10 Midwest and Western states continued to look weak in September as the drought weighed down agricultural businesses.

A new survey of bankers in the region released Thursday showed that the overall economic index remained in negative territory at 48.3 in September.

That was slightly better than August's 47.1 and July's 47.9, but any score below 50 on the 1-to-100 index suggests that the economy will contract in months ahead.

Creighton University economist Ernie Goss says the drought is already hurting businesses linked to agriculture like ethanol and farm equipment dealers.

The survey covers rural areas of Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming.

The confidence index was also weak at 43 in September, up from August's 39.6.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch
First Frozen Yogurt Truck For Franchise In SD

7/17/2014 3:32 PM

People who attend JazzFest can cool down with frozen yogurt from the first Orange Leaf food truck in the nation

Full Story
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
Millennials Prefer Cash

7/21/2014 11:40 AM

Americans would rather put their money in the bank than make long-term investments in stocks

Full Story
More Homeowners Taking Mortgage Debt Into Retirement

7/17/2014 10:10 PM

Many people plan to pay off their mortgage before they retire, but that's less common these days. 

Full Story | Watch


Events