WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white

Local

Bankers Say Farm Income Helping Rural Economy

View Comments
(credit: Scott Olson/Getty Images)

(credit: Scott Olson/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Frank, Rosie, Amelia & Chris Take On Mega-Putt
  2. 4 Things To Know For 8/27
  3. Young Wolves Get Big Welcome At The Fair
  4. Learn About Minnesota's Wine Country At State Fair
  5. Good Question: What Draws Someone To Terrorism?

OMAHA, Neb. (AP) — Bankers in 10 Midwest and Plains states expect the rural economy to continue growing in the months ahead because of the strength of farm income.

The overall economic index on the March Rural Mainstreet survey remained at a healthy level of 56.9 even though it was down from February’s 58.2.

Any score above 50 on the index, which ranges from 0 to 100, suggests growth in the months ahead. Scores below 50 suggest contraction.

Creighton University economist Ernie Goss oversees the report. He says the survey suggests farmland values will continue to grow and home sales are beginning to grow.

The index is based on a survey of rural bankers in Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,812 other followers