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Posted: Thursday, 17 January 2013 2:43PM

Midwest Bankers Survey: Growth



     OMAHA, Neb. - 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.
     The index ranges from 0 to 100, with 50 representing growth neutral. It's based on a survey of rural bankers in 10 states, including Kansas, Missouri, Colorado, Nebraska, Illinois, Iowa, Minnesota, North Dakota, South Dakota and Wyoming.
     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."


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01/17/2013 2:49PM
Midwest Bankers Survey: Growth
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