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Good Economic Growth Projected for Nebraska

Good Economic Growth Projected for Nebraska

Photo: WNAX


Good solid economic growth is projected for Nebraska’s non-farm economy over the next three years, but U-N-L Bureau of Business Research director Eric Thompson says weak farm income is expected to continue to hamper Nebraska’s economic growth in the latest long-term forecast.

Thompson says farm income is expected to rise four-percent next year and more than seven-percent the following year mostly as a result of improved productivity. He says they don’t expect a rebound in crop prices.

Thompson says agriculture is expected to hit bottom this year and begin trending upward in 2018 and ’19.

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