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Rural Counties’ Economies Depend On Different Industries

Local economies and employment levels are more sensitive to economic trends that have a pronounced effect on their leading industries. For example, trends in agricultural prices have a disproportionate impact in farming-dependent counties, which accounted for nearly 20 percent of all rural counties and 6 percent of the rural population in 2015.

The boom in U.S. oil and natural gas production increased employment in many mining-dependent rural counties; more recently, lower oil and gas prices have led to reduced oil exploration and economic activity in these counties.

Meanwhile, the decline in manufacturing employment has particularly affected manufacturing-dependent counties, which accounted for about 18 percent of rural counties and 23 percent of the rural population. This chart appears in the ERS report Rural America at a Glance, 2016 Edition, released November 2016.

Rural counties’ economies depend on different industries

Source:usda.gov


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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

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Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.