Slowing Farm Economy: What kind of role are ag exports having on rural areas?

Ag economists are sounding off over a weakening farm economy, stemming from a decrease in U.S. ag exports.

Ernie Goss with Creighton University says ag exports last year were down around 9 percent compared to 2022, and it is weighing heavily on communities dependent on the ag sector. Banks in flyover country have also reported a tightening on credit standards due to weaker commodity prices.

Goss says in addition to sluggish export sales, housing and retail sales are also a concern, and are not pulling the numbers they were a few years ago.