MITCHELL, S.D. (MITCHELLNOW) There’s some unexpected, good news for the regional economy. Creighton University’s latest Rural Mainstreet Index posted its most positive numbers in two years which came as a surprise even to economist Dr. Ernie Goss. He says grain prices remain below break-even, and community bankers expect farm operations to lose money this year. Still, Goss notes that farm loan delinquencies are still very low. For more Government stories from MitchellNow.com, Click Here.
Rural Economy Sees Unexpected Strength in New Survey
The regional economy just got a boost, according to Creighton University’s latest Rural Mainstreet Index, which hit its highest level in two years—an unexpected positive sign. Despite low grain prices and concerns from community bankers that many farm operations may face losses in 2025, economist Dr. Ernie Goss points to continued strength in farm loan repayment rates and low delinquency levels, signaling cautious optimism in the rural Midwest economy.
