Farm Economy
Trouble started brewing for the rural economy earlier this summer. Now it’s been confirmed for five straight months.
Economists see interest-rate increases raising likelihood of recession to 44% in coming 12 months.
The latest round of agricultural credit condition surveys from the Federal Reserve banks show high farm real estate values are supporting farm finances.
For 18 straight months, the rural economy has posted healthy and consistent growth, yet signs of weakness may be surfacing.
For 17 straight months, the rural economy has posted healthy and consistent growth. That’s according to the March Rural Mainstreet Index (RMI) from Creighton University.
For March 2021, the Rural Mainstreet Index sits at 65.4. That is up from February’s 61.5.
The Russian invasion of Ukraine has triggered price spikes and broad concerns in three important global markets that affect agriculture--oil and gas, fertilizer, and grains.
This article discusses what market variables are contributing to current corn market fluctuations.
This data confirms the obvious — there is plenty of income and cash in farm country and is being reflected in the record prices being paid for farmland.
For 12 straight months, the Creighton University Rural Mainstreet Index (RMI) has remained above growth neutral, to the Creighton University Rural Mainstreet Index.