Crude oil's dive ripples through farm economy
Chicago
CRAIG Uden, who fattens cattle for beef on his Nebraska feedlot, expects to cut his energy costs by as much as a quarter this year because of falling oil prices - a silver lining in an otherwise tough rural economy.
The lowest energy prices since 2009, which have already benefited transport, retail and industrial companies, are giving farmers a boost just as the US Department of Agriculture forecasts their incomes will plunge 32 per cent this year.
TRENDING NOW
NDR 2026: Singapore to create new Western island to support 'new generation of industries'
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
E-commerce is killing ‘real’ commerce, says China’s beverage king Zhong Shanshan
Asia-Pacific aviation: is up really the only way?