Agriculture

Farm success makes Kansas economy into nation’s second-fastest growing

Agricultural production made Kansas the second fastest growing economy in the third quarter of 2015.
Agricultural production made Kansas the second fastest growing economy in the third quarter of 2015. File photo

Kansas ranked second in the nation for economic growth in the third quarter of 2015, according to the U.S. Bureau of Economic Analysis.

In the quarter, the state grew at an annual rate of 6.5 percent compared to the second quarter. The size of the state economy was $149 billion, on an annual basis.

More than 80 percent of the growth came from the agriculture sector. South Dakota, Nebraska and Iowa, which ranked first, third and fourth in the nation for GDP growth, saw similarly strong results from agriculture.

Of the other sectors in Kansas, retail trade and construction were the strongest.

This story was originally published March 2, 2016 at 8:53 AM with the headline "Farm success makes Kansas economy into nation’s second-fastest growing."

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