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.
Bryan Combs with USDA’s National Agricultural Statistics Service breaks down new farmland data from the TOTAL survey, highlights key findings, and potential impacts for the ag sector. ASFMRA’s David Klein also shares how those trends are reflected in the current farmland market, especially in the Midwest.
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RealAg Radio’s Shaun Haney shares insights from new Real Agri-Studies research surrounding the relationship between farmers and their lenders and what it reveals about the current farm economy.
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