Farms.com Home   News

Rural Employment Yet To Recover To Prerecession Levels

 

Rural employment yet to recover to prerecession levels

 

Employment fell by roughly 5 percent in urban areas and 6 percent in rural areas between the first quarter of 2008 and the fourth quarter of 2009—a period that includes the Great Recession. In 2010, the first full year of the economic recovery, urban and rural employment levels grew at comparable rates, and rural areas experienced modest growth the following year. This was followed by 2 years of near-zero employment change before growth resumed in early 2014. An annual growth of more than 1 percent between mid-2014 and mid-2015 has brought the number of employed rural residents (total rural employment) back above 20 million people for the first time since 2008. As of mid-2015, that number remained more than 3 percentage points below its prerecession peak in 2007. This chart is found in the 2015 edition of Rural America At A Glance, released November 30, 2015. 

 

Source: usda.gov


Trending Video

Replenish Nutrients: revolutionizing agriculture with regenerative fertilizers

Video: Replenish Nutrients: revolutionizing agriculture with regenerative fertilizers

Replenish Nutrients co-founder and CEO Neil Wiens speaks to Proactive's Stephen Gunnion about the company's focus on regenerative fertilizers.

Replenish Nutrients specializes in mineral-based fertilizers made from rock phosphate, elemental sulfur, potash, and organic matter. What sets its products apart is the incorporation of proprietary biology, ensuring active biological mineral nutrients are released at the right time and place. The company targets the commercial farming sector in Western Canada, covering a substantial 100 million acres.

Wiens highlighted the support received from the government of Alberta, emphasizing its commitment to low-impact, low-greenhouse gas products. Replenish Nutrients recently received an emissions reduction grant, showcasing its dedication to reducing carbon emissions in comparison to traditional chemical fertilizers.

The interview also touched upon the strong market conditions, with a robust fourth quarter attributed to favorable weather, strong volumes, and normalized fertilizer prices.

Wiens said investors can anticipate exciting partnerships and technological advancements from Replenish Nutrients, contributing to the company's expansion and increased cash flow.