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Rural survey suggests Midwest, Plains economy remains mired

OMAHA, Neb. (AP) -- A survey of rural bankers in 10 Western and Plains states suggests the region remains stifled by relatively low agriculture and energy commodity prices.

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OMAHA, Neb. (AP) - A survey of rural bankers in 10 Western and Plains states suggests the region remains stifled by relatively low agriculture and energy commodity prices.

An April report released Thursday says the Rural Mainstreet Index fell to 38.2 from March's 40.2. It had risen the past two months. Survey officials say any score below 50 on any of the survey's indexes suggests that factor will decline.

Creighton University economist Ernie Goss oversees the monthly survey, and he says that, compared to a year ago, prices for farm products are down 16 percent and energy products are down 8 percent.

Nonetheless, the confidence index rose to 34.8 from 30.1 in March.

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

Related Topics: AGRICULTURE
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