Rural Mainstreet Index: Farmers aren’t confident about the future of the industry

The latest Rural Mainstreet Index shows a dire situation unfolding. It fell below growth neutral for the 17th time in 18 months, and Creighton University economists say trade is the leading factor.

A global economic slowdown certainly is not helping out there, and certainly an supply over, I would argue, an oversupply from some of our competitors, such as Brazil and Argentina, pushing, pushing down, prices are holding, holding them down. I should say prices have improved a bit over the last month or two, but still not in a territory that makes the farmer feel good about what that farmer is making,” said Dr. Ernie Goss.

Dr. Goss says other countries are paying attention to our recent tariff action and adds any potential retaliation is likely to hurt U.S. farmers.

Related Stories
Founder Venessa Wood joins us now for a sneak peek of Ag Women Connect’s upcoming Red, White & Blue Gala.
“Good flies? Is that like a good fire ant?” Miller said. “I don’t know what a good fly is. I don’t know if they’re afraid to kill house flies or stable flies, but I’m ready to kill the screwworm fly.”
From finding her community in FFA to leading as a State President, Caroline has an inspiring story!
President Trump has long supported a direct line from Alberta’s oil fields to the Midwest.
Tidal Grow Agri-Science joins us to celebrate Global Fertilizer Day, sharing how innovation continues to drive American agriculture forward.
The American Farm Bureau Federation (AFBF) is urging Congress and the Trump Administration to act quickly on behalf of American agriculture.

LATEST STORIES BY THIS AUTHOR:

Cattle markets are collapsing this week, and analysts say that several factors are at play. Consumer beef prices also remain near all-time highs, threatening long-term demand.
If confirmed, early Chinese buys tighten nearby Gulf/PNW capacity and could bump basis in export-oriented regions.
Alan Bjerga, Senior Vice President of Communications with the National Milk Producers Federation (NMPF), shares updates and resources available to dairy producers.
Culver’s Senior Marketing Manager Alison Demmer joins us to share the company’s deep-rooted partnership with FFA and ongoing commitment to support agriculture education.
Chancey Williams joins us in the studio to share his history with FFA as we continue our Countdown to Convention sponsored by Culver’s.
FarmHER Erin Cumings shares how Nationwide’s “Every STEP Counts” helps farm and agribusiness owners prioritize safety.