Rural Bankers Say Slumping Economy And Weak Farm Income Hurting Region

OMAHA, Neb. (AP) – The monthly Rural Mainstreet survey of rural bankers in parts of 10 Plains and Western states indicates a waning economy and a weak farm income that is hurting the ability of producers to borrow money from banks.

The survey’s overall index dropped 4.2 points to 50.2, just above the growth neutral point of 50.

Creighton University economist Ernie Goss, who oversees the survey, the index would have fallen into negative territory except for federal crop support payments and somewhat higher grain prices.

The 10 states in the survey include Nebraska, Wyoming, and the Dakotas.

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