Report Suggests Midwest States Economic Growth Slowed Due to Ag Prices
OMAHA, Neb. (AP) — A
new report suggests that healthy economic growth slowed down this month
in rural areas of 10 Midwest and Plains states.
economic index for the region slipped to 55.8 in August from 57.3 in
July but was far ahead of the 47.1 in August 2012.
University economist Ernie Goss oversees the monthly survey of rural
bankers. He says drought weighed down the economy last year. He says
lower farm commodity prices are dampening the current outlook for the
The index ranges from 0 to 100, with 50 representing
growth neutral. A score above 50 suggests economic growth in the months
The index is based on a survey of rural bankers in
Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North
Dakota, South Dakota and Wyoming.