OMAHA, Neb. (AP) — A new survey suggests that the economy will slow down in rural parts of 10 Western and Plains states — including Minnesota — in the months ahead.
Creighton University economist Ernie Goss says weak crop and energy prices are hurting profits across the region.READ MORE: MPD Officer Brian Cummings’ First Court Appearance Scheduled In Crash That Killed Leneal Frazier
The Rural Mainstreet Index dipped into negative territory at 49 in September from August’s 50. Any score below 50 suggests that factor will decline.READ MORE: 'Purple Reigns In Minnesota': Minnesota Congress Making First Steps To Honor Prince
Farmers are delaying big purchases if they can because of the environment. The farm equipment sales index remained at 14.2 in September.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.MORE NEWS: Minn.-Based Dairy Queen Takes Mass. Company To Court Over Use Of ‘Blizzard’ Name
(© Copyright 2015 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)