farm bill

August Rural Mainstreet Index Rises, Ag Worries Remain

Dan Economy, Industry News Release

The Creighton University Rural Mainstreet Index climbed above growth neutral in August for a seventh straight month. The monthly survey of bank CEO’s in ten Midwestern states climbed to 54.8 from 53.8 in July. The index ranges between 0 and 100 with 50.0 representing growth neutral. Organizer Ernie Goss says recent surveys show the Rural Mainstreet economy is expanding outside …

rural mainstreet

Rural Mainstreet Index Rises

Dan Economy, Industry News Release

The Rural Mainstreet Index climbed above growth neutral this month. The monthly survey of bank CEO’s in ten Midwestern states climbed to 54.8 from 53.8 in July. The index ranges between 0 and 100 with 50.0 representing growth neutral. Organizer Ernie Goss of Creighton University says the survey shows expansion of the economy outside of agriculture, but adds “the negative …

health

Rural Mainstreet Index at Highest Point in Five Years

Dan Economy, Industry News Release

The Creighton University Rural Mainstreet Index climbed above growth neutral in May for the fourth-straight month. The index surveys bank CEOs in rural areas across a ten-state region that depends on agriculture or energy to power its economy. It’s the first time since 2015 that the index readings have been above growth-neutral in four consecutive months. The growth index rose …

trade

Rural Mainstreet Index Chief Eyeing Two Economic Red Flags

Dan Economy, Industry News Release, Trade

The Rural Mainstreet Index has been steadily climbing over the last four months, signaling improving conditions in farm country. However, the man behind the RMI, Ernie Goss from Creighton University, says he has his eyes on two issues; trade and interest rates. A Farm Journal report says Goss credits exports as one of the biggest reasons for improving economic conditions, …

trade

Rural Mainstreet Index Hurt by Trade Concerns

Dan Economy, Industry News Release, Trade

The Rural Mainstreet Index, which measures the economic outlook in rural America, was hit hard by rural bankers who expressed concerns about trade tensions and their effect on the farm economy. “An unresolved North American Free Trade Agreement and rising trade tensions with China are significant concerns,” says Ernie Goss, Creighton University economist and author of the Rural Mainstreet Index. …

health

Rural Mainstreet Index Declines

Dan Economy, Industry News Release

The Creighton University Rural Mainstreet Index declined slightly in January from December’s weak reading, remaining below growth neutral. However, organizers say the monthly survey of rural bank CEO’s in the Midwest is significantly higher than the reading for January 2017. The index, like all indices in the survey, ranges between zero and 100 with 50 representing growth neutral, fell to …

rural mainstreet

Rural Mainstreet Index Fears Farm Foreclosure Threat to Banks

Dan Economy, Industry News Release

The Creighton University Rural Mainstreet Index is still below growth-neutral, which it has been for some time. The index jumped six points from September to October, but low crop prices are still inhibiting growth. Ernie Goss, the author of the index, says, “As a result of low commodity prices and weak farm income, 9.5 percent of bank CEOs expect farm …

rural mainstreet

Rural Mainstreet Index Lower

Dan Economy, Industry News Release

The Rural Mainstreet Index fell to its lowest level of the year last month as farmland prices declined and agriculture equipment sales were dismal. The index, compiled by Nebraska’s Creighton University, surveys bank CEO’s in ten Midwestern states. Overall, the index, which ranges between 0 and 100, slumped to 39.6, its lowest level since December 2016, and down from 42.2 …

Rural Mainstreet Index Improving

Dan Economy, Industry News Release

Rural Mainstreet Climbs to Highest Level Since September 2015: But Only 15 Percent Report Expanding Economy February Survey Results at a Glance: * The overall index, while remaining below growth neutral, rose to its highest level since September 2015. * More than one-third of bank CEOs reported their local economy remains in an economic downturn.  Only 14.9 percent of bankers indicated their local …