Created: 04/23/2014 6:33 PM
By: Devin Neeley, KOB Eyewitness News 4
Population growth has been a problem in New Mexico in the last few years, but a recent study found Farmington to be the second fastest shrinking city in the entire country and local businesses are feeling the pinch.
“Well sure, cause we do a lot with the oil patch, and they are all going off to South Dakota, Texas, down in Hobbs,” said Jerald Weidner of Casa Hermosa Furniture.
24/7 Wall Street, an online magazine, reports 7,000 more people left Farmington than moved in from 2010 to 2013.
In those three years Farmington lost about three percent of its population.
The website cited Farmington’s shrinking economy in 2012 and 2013
“We are really hoping it comes back.”
Jerald Weidner has lived in Farmington for about 35 years and enjoys it.
“The people are friendly, I love it here.”
He says that with less people to visit his business, they really have to stay on their toes. But he hopes that with time people will come back for new jobs.
And maybe they will stay.
“We love this community and you can’t get any better the weather is ideal, no hurricanes, no tornadoes, if you want the snow its right next door, you know, it’s nice here.”
There could be some good news for Farmington, the study noted the spike in oil investment that could boost the Farmington economy.
The number one fastest shrinking city is Pine Bluff, Arkansas.