Drought hurts rural economy in Wyoming and 9 other states

2012-09-20T17:00:00Z Drought hurts rural economy in Wyoming and 9 other statesThe Associated Press The Associated Press
September 20, 2012 5:00 pm  • 

OMAHA, Neb. — 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.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from the Gazette

Wyoming bill would groom cosmetologists to become barbers

Wyoming bill would groom cosmetologists to become barbers

8 hours agoLoading…
Wyoming lawmakers reject bill to abolish death penalty

Wyoming lawmakers reject bill to abolish death penalty

9 hours ago Photos

Photos

Loading…

Tribal liaison overhaul advances for Wyoming Senate consideration

23 hours agoLoading…
Individual privacy bills advance to Wyoming Senate

Individual privacy bills advance to Wyoming Senate

23 hours agoLoading…
Report ranks Wyoming low in highway safety laws

Report ranks Wyoming low in highway safety laws

23 hours agoLoading…
Wyoming legislators debate joining balanced budget compact

Wyoming legislators debate joining balanced budget compact

January 27, 2015 11:46 am Photos

Photos

Loading…
Education committee votes down superintendent resolution

Education committee votes down superintendent resolution

January 27, 2015 11:39 amLoading…

Follow The Billings Gazette

Popular Stories

Get weekly ads via e-mail

Deals & Offers

Featured Businesses