rural

Rural Mainstreet Economy Shrinks for Six Straight Months

Dan Economy

The Creighton University Rural Mainstreet Index fell below growth-neutral for the sixth-consecutive month. On a scale of one to 100, 50 represents growth neutral. The Economic Confidence Index plummeted to its lowest level since 2020. Almost 31 percent of bank CEOs in the survey area recommend that the Fed cease raising interest rates. Despite the weaker rural outlook, only 14 …

record

Farmland Prices, Equipment Sales Decline in Monthly Index

Dan Economy, Field Crops, Livestock, Pasture

Farmland prices and farm equipment sales declined in the August Creighton University Rural Mainstreet Index. The overall index fell for the fifth straight month, for August slumped to 44.0 from 46.0 in July. The index ranges between 0 and 100, with a reading of 50.0 representing growth neutral. The region’s farmland price index for August declined to 60.0 from July’s …

values

Bankers Expect Farmland Prices to Continue Decline

Dan Economy, Industry News Release

Rural bankers expect farmland prices will continue to decline. In the latest Creighton University Rural Mainstreet Index, Midwest lenders on average estimated that farmland prices declined by 4.0 percent over the past 12 months and expect farmland prices to fall by another 3.2 percent over the next 12 months. An Illinois lender says “more than ever,” farmland values are extremely …

credit

Rural Mainstreet Economy Expands for June

Dan Economy, Industry News Release

The Creighton University Rural Mainstreet Index measured above growth neutral in June for a fifth straight month. This is the first time since July 2015 the survey has recorded five straight months of overall indices above growth neutral, according to the monthly survey of bank CEOs in rural areas of a Midwest dependent on agriculture. However, the overall index slid …

rural population

Rural Economy Index Lower Again

Dan Economy, Industry News Release

The Creighton University Rural Mainstreet Index remained weak with a reading below growth neutral for the 20th straight month, according to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and energy. Released last week, the index which ranges between 0 and 100, slipped to 44.6 from 45.3 in March. The last time …