OMAHA, Neb. (RFD News) — Weak grain prices continue creating financial pressure across agriculture as the latest Rural Mainstreet Index remained below growth neutral for the fourth straight month.
Creighton University economist Dr. Ernie Goss joined us on Friday’s Market Day Report to discuss the newest numbers and what they could mean for the rural economy moving forward.
In his conversation with RFD News, Goss discussed how weak commodity prices continue impacting farmer cash flow and broader economic conditions across rural communities.
The discussion also focused on expectations from bank CEOs regarding economic growth and how current conditions are affecting farm equipment sales.
Goss additionally discussed the region’s farm and ranchland price index, which expanded after falling for three consecutive months.
March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
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