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Rural economy expands in June RMI survey

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An ag economist says there’s some optimism in the rural economy despite high interest rates.

Ernie Goss with Creighton University says the latest Rural Mainstreet Index rose to its highest level since May 2022.

“Things are growing in the rural Mainstreet economy based upon agriculture, energy, and some other areas,” he said. “Certainly, the concern out there right now is rate hikes.”

The index is a survey of ag bankers in 10 states including Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, and South Dakota.

Rural economy expands in June RMI survey