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Farm Economy Not Expected To Slow Nebraska’s Economic Growth

Moderate growth is predicted for Nebraska’s economy in the latest long-term forecast by the Nebraska Business Council and the University of Nebraska Lincoln Bureau of Business Research.

Director Eric Thompson tells KLIN News that while weak farm income continues to be a soft spot for the state’s economy….Nebraska can expect growth through 2020 in sevral key sectors. Thompson says that while our agricultural industry continues to be stressed by weak commodity prices…they do think that farm income has stabalized and will actually have modest growth over the next few years.

Thompson says growing numbers of jobs in contruction, agricultural processing and health care should offset weak growth in farm income.

Thompson says that one factor hampers Nebraska economic growth continues to be a shortage of workers, more than a shortage of jobs.

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