Low commodity prices contribute to negative Mainstreet economy

Low commodity prices contribute to negative Mainstreet economy

The latest Rural Mainstreet Index has sunk below growth neutral for a sixth straight month.

Creighton University economist Ernie Goss says lower agricultural commodity prices has been the biggest factor. “It’s the top risk at least according to the bankers. “Now they’re not farmers but they got close ties to the farmers and when we ask them about the biggest risk for the farmers they listed that one.”

The index is a monthly survey of ag bankers in 10 states including Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, and South Dakota.

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