#1
#1 out of 14.40%
15h ago
More than half of rural bank CEOs believe their local economies are in a recession
- More than half of rural bank CEOs say their local economies are in a recession.
- The Rural Mainstreet Index measures conditions in agriculture- and energy-dependent rural areas.
- Weak farm prices and high input costs are spilling over into rural business.
- Rising diesel and fertilizer costs threaten farming profitability and output.
- Farm Bridge Assistance has helped little in easing local pressures, according to bankers.
- Trade disputes with China add challenges for U.S. soybean producers.
- Analysts hope policy changes could reverse the downturn.
- The Rural Mainstreet Index covers about 200 rural communities.
- The surveyed states include Nebraska, Iowa, Illinois, and others in the region.
- The index tracks conditions in rural economies tied to agriculture and energy.
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