Tuesday, March 18, 2008

ARE NEBRASKA FARMERS DRIVING THE ECONOMY?

(Lincoln Journal Star) -- You can’t beat the recession with farm income alone. Agricultural production is responsible for 6% to 8% of the state’s income tax revenue, according to Mike Calvert, director of the Legislature’s Fiscal Office. Of course that is not the whole story. The percentage does not measure the economic benefits of ag-related industries, like ethanol plants or meat packers. And it doesn’t account for farmers spending during these times when crop prices are high, Calvert told senators during a budget presentation last week.