OMAHA, Neb. (RFD-TV) — The Rural Mainstreet Index has slipped below growth-neutral once again, marking its eighth decline this year and falling to the lowest level since May 2020. Creighton University economist Dr. Ernie Goss joined us on Monday’s Market Day Report to break down the latest data.
According to the new report, seven out of ten rural bankers support President Trump’s recent trade steps with China, expressing cautious optimism about future export potential. However, farm loan volumes remain tight, and farmland prices continue to face pressure in many regions.
In his interview with RFD-TV news, Dr. Goss says several factors are driving the decline, including weaker commodity prices, slower farm income, and ongoing uncertainty around trade and interest rates. He noted that key indicators for the ag economy heading into next year will be credit conditions, global trade developments, and overall farm profitability.
Bigger-than-expected corn and wheat stocks are bearish for prices, while soybean figures were neutral. Farmers may face additional price pressure as harvest accelerates.
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