Higher farm income is helping improve the Midwest economy. That's according to a monthly survey released Monday.
The overall economic index in the Mid-America Business Conditions Survey rose to 59.4 in November. That was up from 57.9 in October and was the second highest reading since April 2000.
A reading above 50 indicates economic growth. A reading below 50 indicates economic loss.
While the survey does not include the farm sector, it does include firms that sell to the agriculture industry.
Survey conductor and Creighton University economics professor Ernie Goss says surging farm income will mean economic upturns for seven of the nine states surveyed in the central US. They are Iowa, Nebraska, Arkansas, Kansas, Minnesota, and North and South Dakota.
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