Wyoming Bankers Pessimistic About Rural Economy
OMAHA, Neb. (AP) — A survey shows some bankers had a dire view of the rural economy in their 10 Western and Plains states.
A report released Thursday says January's Rural Mainstreet Index plunged to 34.8 from 41.5 in December. It's the lowest overall index figure since August 2009. Survey officials say any score below 50 on any of the survey's indexes suggests that factor will decline.
Creighton University economist Ernie Goss oversees the monthly survey of rural bankers and says it's the fifth straight month for a decline. He again blames lower prices for agriculture and energy commodities and downturns in manufacturing.
The farmland and ranchland price index dropped to 23.9 in January from December's 28.8
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.