Weather Alert Day

Midwest Bankers Survey Suggests Continued Growth

By: Associated Press
By: Associated Press

A new survey of rural bankers suggests that growth in farmland prices, cash rents and farm equipment sales remain strong despite the continuing threat of drought in some Midwestern and northern Plains states.

A report on the Rural Mainstreet Index released Thursday says the index hit 55.6 in January, down from 60.6 in December. It is the index's fourth straight month above growth neutral.

Creighton University economist Ernie Goss says the region's rural economy is still expanding at a moderate pace and that farm communities "appear to have shed the negative impacts of the 2012 drought."

The index ranges from 0 to 100, with 50 representing growth neutral. It's based on a survey of rural bankers in Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming.

KOLN-TV Call: (402) 467-4321 Toll-free: 1-800-475-1011 840 North 40th Lincoln, NE 68503 Email: KGIN-TV Call: (308) 382-6100 123 N Locust Street Grand Island, NE 68802 Email: KSNB-TV Toll free 888-475-1011 123 N. Locust St. Grand Island, NE 68802 Email :
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 187339871 -
Gray Television, Inc.