Out of what was once purely a farming village with several well-to-do economists and many small farmers, and a relatively high number of craftsmen, grew a residential community for commuters, pensioners and employees in service industry occupations. Even the "Flurbereinigung" undertaken between 1968 and 1979, which cost a great amount (1,300,000 DM), could not stop agriculture's downward slide. Only one agricultural operation in Ulmet – at an outlying homestead – still raises crops full-time. There are not even many part-time farmers. There was once livestock breeding, but that has been given up.