The Creighton University Rural Mainstreet Index has dropped to its lowest level in three years. The survey of bank CEOs in the ten-state region found farmland values are holding strong, but the growth in prices has slowed. Higher borrowing costs have had a negative impact on farm equipment purchases. The business confidence index in October dropped to its lowest level since the survey began in January of 2006.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.