Farm Economy
Sixty-five percent of farmers surveyed in July expect interest rates to climb in the next 12 months. On a positive note, 7 out of 10 said they expect farmland cash rental rates to remain roughly the same for 2024.
For 2020, total farm lending was $98.6 billion, a slight decrease from 2019.
The rural economy keeps chugging along, according to the Creighton University Rural Mainstreet Index. For the ninth straight month, the RMI has stayed above growth neutral.
For 14 straight months, the rural economy has posted healthy and consistent growth.
For 15 straight months, the rural economy has posted healthy and consistent growth.
Inflation is exceptionally difficult to tame, says Chip Flory, Farm Journal Economist and “AgriTalk” Host: “To tame it, you have to kill it. If you kill it, you kill the economy, and it sends you into recession.”
For the first time since September 2020, the rural economy is showing signs of weakness.
Trouble continues in the rural economy. Rural bankers point to the issues causing uncertainty ahead.
For the sixth time in the past seven months, the rural economy has posted signs of weakness. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
For a sixth consecutive month, the rural economy has posted signs of weakness. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.