• Newsletters
  • Facebook
  • Twitter
°
Friday, July 21, 2017
View complete forecast
News-Sentinel.com Your Town. Your Voice.

Drought slows Indiana's economy at end of 2012

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.The Associated Press
Thursday, March 28, 2013 06:09 pm
TERRE HAUTE — The U.S. Bureau of Economic Analysis says incomes for Indiana residents were among the slowest-growing in the nation at the end of last year.

The bureau says lower farm incomes because of the worst drought in decades were a big factor in that slow growth that placed Indiana 48th among the 50 states for personal income for the last quarter of 2012. Vigo County Purdue Extension office spokesman Jim Luzar told the Tribune-Star that pork, milk and poultry producers were especially hard hit because of higher feed prices caused by the drought.

Despite that, personal income in Indiana for the year was up 3.7 percent compared with a year earlier. The bureau says that put the state 16th in the nation overall.

Comments

News-Sentinel.com reserves the right to remove any content appearing on its website. Our policy will be to remove postings that constitute profanity, obscenity, libel, spam, invasion of privacy, impersonation of another, or attacks on racial, ethnic or other groups. For more information, see our user rules page.
comments powered by Disqus