Laserfiche WebLink
<br />;::j <br />,,:i <br /> <br />The Economic Selling <br /> <br />-':' <br /> <br />reflects the national trends for resource-intensive industries. In particular,. <br />the data indicate that this industry is a small component of the overall <br />economy and it is not growing as rapidly as other sectors of the economy. <br />Hence, it is reasonable to conclude that the agricultural industry in the study <br />area is unlikely to yield substantial opportunities for additional jobs and/or <br />higher incomes in the foreseeable future. <br /> <br /> <br />Table 2.3.-Agricultural and total income in the study area <br /> Income growth, <br /> Income ($000) in 1993 1982-93 (percent) <br /> Agriculture Total Agriculture' <br /> Total Agriculture' % of total (%) (%) <br />Sanla Fe MSA' 2,827,101 9,481 0.34 59.64 58.25 <br />Albuquerque M5A' 11,906,635 63,841 0.54 44.13 33.04 <br />Socorro County 190,214 9,857 5.18 40.51 321.06 <br />Sierra County 146,789 3,091 2.11 25.41 13.84 <br />Las Cruces MSA' 2,007,844 138,837 6.91 57.18 150.77 <br />EI Paso MSA' 8,273,573 43,747 0.53 34.05 353.02 <br />Total study area 25,352,156 268,854 1.06 42.96 116.72 <br /> <br />::>~ <br />:-t <br /> <br />, <br /> <br />~;'.., <br /> <br />~.: <br /> <br />., <br />, <br /> <br />-:.... <br />~;:.1 <br /> <br />,<-' <br />~~1 <br /> <br />Source: ECONorthwest with data from the U.S. Department of Commerce, Bureau of Economic <br />Analysis (1 994a). <br />, Agricultural income includes farm income and earnings in the agricultural selVices industry. <br />, MSA - Metropolitan Statistical Area, as defined by the Census Bureau. <br /> <br />'~ <br /> <br />?;;: <br /> <br />This is not to say that the agricultural sector is unimportant or that it will <br />disappear. To emphasize this point, we repeat it: we fully expect the <br />agricultural sector will remain an important part of the Basin's economy. <br />The evidence indicates, however, that this sector will not playa major role in <br />the overall future economic growth in the study area. Insofar as residents <br />and political leaders ofthe area want to promote growth in jobs and higher <br />incomes, they necessarily will have to turn to alternative sectors and sources <br />of growth. As they do so, and as other sectors grow relative to agriculture, <br />the structure of the competition for water and related resources will change. <br />A major challenge facing the Basin is how to accommodate this change in an <br /> <br />47 <br /> <br />, i.' I) 9 r) 8 <br />t. ',.,' I.., \,. ..... <br />