Bank failures are at record high levels with about two-thirds of the failed banks in rural areas, especially farm areas. Most failed banks are purchased and reopened immediately with little disruption to rural communities except that new ownership tends toward lending practices that are more conservative than the average. (JHZ)

The Nation's 678 rural manufacturing-dependent counties, hit much harder than other rural counties, have since been recovering more. Total employment growth in rural manufacturing counties exceeded growth in nonmanufacturing counties by about 1 percentage point during 1982-84 and by almost 3 percentage points during 1984-86. (Author)

Problem farm debts may translate into slow growth for rural communities, with local banks unable to offer credit even to credit worthy borrowers. Communities served by branches of large banking organizations are probably better off than communities served only by small independent banks. (Author)

Agricultural and rural concerns affected the writing of the Constitution in at least three ways: (1) in the issues that led to the calling of the Constitutional Convention; (2) in the debates during the convention itself; and (3) in the ideology of government held by many of the framers. (JHZ)

Reviews employment growth in rural and small town communities, focusing on two periods, 1940-70 and 1970-80. For the rest of the 1980s, predicts a slower growth in nonmetro areas--that is, slower than in metro areas and slower than in the 1970s--yet not as slow as in the 1960s. (JHZ)

Farm policy alone is no longer a sufficient development policy for today's rural America. Rural economies have changed over the last 30-40 years from reliance on farming to greater reliance on manufacturing and service industries. Rural economic development policies need to reflect today's changed rural economy. (Author)