Bankers say farm income helping rural economy


Share
Posted Online: March 21, 2013, 6:05 pm
Comment on this story | Print this story | Email this story


OMAHA, Neb. (AP) — Bankers in 10 Midwest and Plains states expect the rural economy to continue growing in the months ahead because of the strength of farm income.

The overall economic index on the March Rural Mainstreet survey remained at a healthy level of 56.9 even though it was down from February's 58.2.

Any score above 50 on the index, which ranges from 0 to 100, suggests growth in the months ahead. Scores below 50 suggest contraction.

Creighton University economist Ernie Goss oversees the report. He says the survey suggests farmland values will continue to grow and home sales are beginning to grow.

The index is based on a survey of rural bankers in Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming.



















 




Local events heading








  Today is Wednesday, Sept. 17, the 260th day of 2014. There are 105 days left in the year.
1864 -- 150 years ago: We are told league merchants have paid no attention to the prohibition on selling ammunition, but continue to sell just as before the order was issued.
1889 -- 125 years ago: The Rev. R.F. Sweet, rector of Trinity Episcopal Parish, left for the East to visit his boyhood home in Boston before attending the general convention of the Episcopal Church in New York.
1914 -- 100 years ago: Dr. E.A. Anderson was named to succeed Dr. E.L. Kerns as head physician of the Modern Woodmen of America, and moved to Rock Island from Holdingford, Minn.
1939 -- 75 years ago: One week late, because of the outbreak of war, Dr. E.L. Beyer resumed his work as professor of romance languages at Augustana College. Dr. and Mrs. Beyer left Germany on the last train to the Belgian border.
1964 -- 50 years ago: Employees in Turnstyle stores in Moline and Davenport will vote Oct. 2 in an election set up by the Chicago regional office of the National Labor Relations Board. Employees will vote either for the Retail Clerk International or for no union.
1989 -- 25 years ago: Rock Island High School is considering a step to help teen moms stay in school and get their diploma. The school board is expected to vote tonight on instituting an on-site child care center.


(More History)