Reported 8 months ago
The economic hardship faced by farmers in U.S. prairie states like Kansas is spreading beyond the fields to small towns like Smith Center, impacting businesses and communities. With declining farm incomes, high costs, and reduced government support, businesses are seeing significant revenue declines, towns are facing foreclosures and population declines, and residents are feeling the strain with fewer purchases and tighter budgets. The situation is exacerbated by low crop prices and increased inflation, leading to a volatile and challenging economic environment where residents are forced to cut back on expenses and adapt to survive.
Source: YAHOO