Farwell, TX's Data
About Farwell, TX's
Farwell is a small city located in Parmer County, Texas, serving as the county seat. Established in 1905, Farwell lies on the Texas-New Mexico border, with its sister city, Texico, located directly across the state line in New Mexico. This unique geographical positioning has influenced its development and cultural exchange over the years. Farwell's history is deeply intertwined with the growth of the railway system, which played a crucial role in its early economy and settlement patterns.
Things To Do in Farwell, TX
Hike: Here are a couple of local trails to check out!
Local Attractions in Farwell, TX
Parmer County Courthouse - A historic building serving as the center of county government.
Farwell City Park - A community park offering recreational facilities and outdoor space for events.
The XIT Museum in nearby Dalhart - Showcases the history of the famous XIT Ranch, which once was a significant landholder in Texas.
Blackwater Draw Museum - Located nearby, it exhibits artifacts and history of prehistoric inhabitants of the region.
Texico Historical Museum - Just across the state line, this museum highlights the shared history and culture of the border area.
The Economy of Farwell, TX
The economy of Farwell is primarily driven by agriculture, with a significant emphasis on cattle ranching and farming, including crops such as corn and wheat. The city's location near the border also facilitates a degree of commercial and trade activity. In recent years, there has been a noticeable trend towards the development of local businesses and services that cater to the needs of the community and surrounding areas, reflecting a diversification of its economic base.
Farwell, TX Inflation
Understanding the BLS and Inflation in Farwell, TX
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Farwell, TX. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Farwell, TX understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Farwell, TX using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Farwell, TX when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Farwell, TX
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