MITCHELL, S.D. (MITCHELLNOW) Small farming communities are facing a tough economy. It’s the toughest in five years according to Creighton University’s Monthly Rural Mainstreet Index. Low grain prices have farmers looking at potentially deep losses this year. Economist Ernie Goss says farmers are tightening their belts as a result.Farm equipment sales have been negative for more than two years, and farm land prices are also dropping. For more Government stories from MitchellNow.com, Click Here.
Rural Mainstreet Index Shows Toughest Farm Economy in Five Years Across Small Towns
Small farming communities are facing their toughest economy in five years, according to Creighton University’s Monthly Rural Mainstreet Index.
