“Economic Effects of Oklahoma’s Drought Starting to be Felt in Farm-Related Businesses”
Filed by KOSU News in State Impact.
August 28, 2012
The effects of Oklahoma’s drought have spread from farmers to agriculture-related business, which is impacting jobs and equipment sales.
This time of year, farm operations typically increase the number of workers, but at Humphrey’s Co-operative Gin and Elevator, board member Joe Kelly of Altus says the co-op has had to lay off one if its 20 workers … Shawn Skaggs, general manager of Livingston Machinery Co. in Chickasha, said the lack of sales of new farm equipment cost his company an estimated $5 million to $6 million in 2011, but that the company has not had to lay off any of its 82 employees.
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