IDEAS home Printed from https://ideas.repec.org/a/fip/fedker/y2006iqip143-159nv.91no.1.html
   My bibliography  Save this article

A robust rural economy in 2006?

Author

Listed:
  • Jason Henderson

Abstract

Rural America will remember 2005 as a year of drought, hurricanes, and surging gas prices. To be sure, some regions of the country faced devastating natural catastrophes. Yet, these catastrophes did not stop the farm sector from posting another banner income year—nor did they stop the nonfarm sectors from enjoying solid gains in employment and income. Overall, the rural economy was quite resilient in 2005. Heading into 2006, the rural economy appears poised for another year of robust activity, especially if private sector forecasts hold true. Energy prices are the risk to the forecast. The higher oil and natural gas prices translate into higher production costs for factories, farms, and households. Yet, higher prices are also underpinning a new wave of investments and market opportunities in rural America’s emerging bio-based energy sector. Henderson reviews the rural economy in 2005 and discusses the prospects for 2006. He also explores the potential impacts of high energy prices on the rural economy in the year ahead.

Suggested Citation

  • Jason Henderson, 2006. "A robust rural economy in 2006?," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 143-159.
  • Handle: RePEc:fip:fedker:y:2006:i:qi:p:143-159:n:v.91no.1
    as

    Download full text from publisher

    File URL: http://www.kansascityfed.org/Publicat/econrev/PDF/1q06hend.pdf
    Download Restriction: no

    More about this item

    Keywords

    Rural areas ; Rural development;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedker:y:2006:i:qi:p:143-159:n:v.91no.1. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (LDayrit). General contact details of provider: http://edirc.repec.org/data/frbkcus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.