Rural economy growing slowly, headwinds on horizon
The Creighton University Rural Mainstreet Index (RMI), that was released on Thursday, climbed above the growth neutral threshold, 50.0, for a second consecutive month, according to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy. Economist Ernie Goss said that the ag sector has actually done fairly well lately. ... Farmers generally are doing pretty well cash wise, which is good news for them, but not necessarily for the bankers that the survey covers, but as conditions soften, Goss sees use of credit by farmers as more likely soon. "That's going to [...]