economic downturn

Agriculture provides stability amid economic downturn

The Magic Valley economy is strongly influenced by agriculture similar the to Treasure Valley.   Supply and demand has a large effect on prices as does the cost of production.  If it weren’t for this stabilizing force in the area economy we would feel greater effects from the economic downturn.  An Idaho Press Tribune article stated, “the Treasure Valley’s agriculture players have continued churning out wheat, meat, milk and other essentials as other industries stumble through their biggest slump in decades. Profit margins are down because of softened worldwide demand during the recession, but employment numbers remain stable, according to Boise State University economist Don Holley.”  The entire article can be read at  Idaho Press Trubune