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| NebraskaXL » About Nebraska » Economy of Nebraska |
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Economy of Nebraska |
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Economy of Nebraska has been an agrarian one for a long time. Nebraskan farmers grow a variety of crops in the Loess Plains. Wheat,soybean, hay,sorghum and corns are the major agricultural products of the state. Other major crops of the region are potatoes, beans and sugar beets. Besides, cattle and livestock rearing are also major sources of revenue for Economy of Nebraska. Beef cattle and hogs are the primary livestock of the region. Dairy products include chicken eggs, milk products and processed meat. These live stock products generate nearly 2/3 rd of the revenue for Economy of Nebraska. Cotton mills, food processing, dairy industry, bakery and soft drinks are some of the major industries of the region.
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. The soil of Nebraska is rich in minerals and mining options are many and variant here. Petroleum, limestone sand are gravel are an integral part of mining industry. Nebraskans are also heavily into construction of various machinery, farm equipment, telecommunication equipment, scientific, medical and surgical instruments.
Economy of Nebraska is also enriched by health care, law farms,data processing companies, engineering companies and repair shops. Finance sector, insurance, retail, and wholesale sectors are also an integral part of the service sector. Since agriculture is the main revenue earner here, pesticides and insecticides are also produced on a large scale in Nebraska. In 2001 the gross product of Nebraska was $57 billion. According to the last economic data available the public sector produced 14.4%of gross state product. The hard working Nebraskans have always tried their best to improve economy of Nebraska. With better and improved infrastructure and educational opportunities, the picture looks quite bright for economy of Nebraska.
With greater industrial growth population of people engaged into farming have been declining sharply. Economy of Nebraska suffered to a great extent during the depression and and the great drought. But the increase in demand of food and processed food items during the World War II proved beneficial to the economy. Since then economy of Nebraska has been making a steady progress. .
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