Colorado’s rural economy is expected to continue to suffer, primarily due to extremely low commodity prices.
Surveys of rural business leaders paint a bleak picture of agriculture. Grain prices have been cut in half, and many banks see slow or negative growth possibly stretching into the next decade.
That’s the story for ag producers across the country, according to economists at Creighton University who conduct a monthly survey.
Colorado, they say, is doing a bit better than others – but the state’s rural areas are still expected to see their economies shrink.