Bankers Survey Shows Growth In Rural Midwest
November 18, 2011, 5:40 AM
OMAHA, NE -
The rural economy in 10 Midwest and Great Plains states appears to be on the upswing.
A survey of bankers released Thursday finds the farm economy growing at a "very healthy pace." The Rural Mainstreet Index jumped from 52.9 last month to 58.4 this month, the highest since June 2007. Anytime the index, which ranges from 1 to 100, is above 50, it suggests the economy will grow.
Creighton University economist Ernie Goss, who oversees the survey, says the results were helped by farmland price growth, which continues at a rapid pace. The farmland price index rose to 75.4 from October's 66.9 - the 22nd straight month the index has been above growth-neutral 50.
The survey covers Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming.
© 2011 Associated Press. All rights reserved. Material may not be redistributed.
1/22/2015 9:03 AM
Corey Mitchell was watching his 4-year-old son Carson skate at the Scheel's IcePlex this week when he captured an unexpected crash.
1/21/2015 6:00 PM
Eight people have been charged following a month-long drug investigation in Sioux Falls.
1/25/2015 8:08 AM
A Newcastle, Wyoming man died after an ATV broke through the ice on a lake in northern Perkins County in South Dakota.
1/21/2015 5:55 PM
At first his teammates thought Nate was just messing around, but his coaches quickly realized something was wrong and jumped to action.
1/21/2015 11:26 AM
The warrant was issued after police got a tip in December about possible drug activity at the home located near Cliff Avenue and Interstate 229.