Farm Economy
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.
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.
For nearly a year, the rural economy has shown consistent growth, according to the Creighton University Rural Mainstreet Index (RMI).
It will take significant N bookings at higher prices or excess natural gas supplies to relight fires at fertilizer plants – and neither seems likely until summer 2022.
The pandemic may be easing, but the job market remains complicated.
Economic stability and growth are returning to rural America.
Have you seen the shift in your area? Once-sleepy farmland prices are awake and shooting higher.
The Rural Mainstreet Index for March soared to a record-high 71.9. March represents the fifth time in the past six months the index climbed above growth neutral.
The strength and timing of the economic recovery are contingent on three uncertain factors.
The effects are already visible, with declining French barley exports to China and the U.S. struggling to sell corn for the new season.