Mainstreet Index Above Growth Neutral – Highest Since May 2022
After declining below growth neutral for March, the overall Rural Mainstreet Index expanded above the threshold for a second straight month.
Read moreAfter declining below growth neutral for March, the overall Rural Mainstreet Index expanded above the threshold for a second straight month.
Read moreAfter declining below growth neural for March, the overall Rural Mainstreet Index expanded above the threshold for the month.
Read moreBut Only 13.6% of Bankers Tightened Farm Credit Standards – Farm Equipment Sales Remain Solid at 59.7 March 2023 Survey
Read moreFor a third straight month, the Creighton University Rural Mainstreet Index (RMI) climbed above the growth neutral threshold, 50.0, according to the latest monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.
Read moreAs a result of strong farm financial conditions, the Farm equipment-sales index climbed to 61.4, its highest level since June of last year, and up from 60.4 in December. The index has risen above growth neutral for 24 of the last 26 months.
Read moreFor the first time since May of this year, the region’s overall reading in December rose above the growth neutral threshold. The December index did increase to a tepid 50.1 from 45.7 in November. The index ranges between 0 and 100 with a reading of 50.0 representing growth neutral.
Read moreThe farm equipment-sales index jumped to a strong 59.5 from October’s weak 47.8. The index has risen above growth neutral for 22 of the last 24 months.
Read moreThe Creighton University Rural Mainstreet Index (RMI) fell for the sixth time in the past seven months, sinking below growth neutral for a fifth consecutive month.
Read moreAfter falling below growth neutral in August, the farm equipment-sales index soared to 58.0 for September from 45.9 in August. The index has risen above growth neutral for 21 of the last 22 months.
Read moreAfter 23 straight months of expanding farm equipment sales, farmer purchases plummeted for the month.
Read moreThe July farm equipment-sales index 56.5 – The 20th straight month that the index has advanced above growth neutral.
Read moreBank CEOs expect 2022 net farm income for grain farmers to be 12.6% above 2021 levels.
Read moreJune Survey Results at a Glance: The overall index fell below growth neutral for the first time since September 2020.
Read moreOMAHA, Neb. (May 19, 2022) — The Creighton University Rural Mainstreet Index (RMI) fell from April’s healthy reading and remained
Read moreFarm equipment sales: This was the 17th straight month that the index has advanced above growth neutral. Readings over the past several months are the strongest string of monthly readings recorded since the beginning of the survey in 2006.
Read moreAlthough confidence in their economies appears to have wavered among rural bank CEOs, several economic measures showed strength in February.
Read moreWhile the indices show economic growth, bankers warned that inflation and rising costs of input and land could hinder rural economies.
Read moreThe farm equipment-sales index confirms the demand that manufacturers are experiencing.
Read moreFor the 10th straight month, the Creighton University Rural Mainstreet Index (RMI) remained above growth neutral, according to the monthly survey
Read moreThe July farm equipment-sales index extended the longest run in growth territory that the index has recorded since 2012.
Read moreThe farm equipment sales index in June logged the greatest growth it has shown since 2012. This marked the seventh consecutive month of growth.
Read moreThe May farm equipment-sales index rose to its highest level since 2013, and the confidence index expanded.
Read moreAbout 61 percent of bank CEOs reported that their local economy expanded between April and May.
Read moreIn other news, bankers reported that approximately 9.1 percent of farmland sales over the past the six months have gone to nonfarmer investors.
Read moreThe March farm equipment-sales index rose to 63.5, its highest reading since February 2013.
Read moreThe February farm equipment-sales index rose to 62.7, its highest reading since February 2013 and up from 54.5 in January.
Read moreThe January farm equipment-sales index rose to its highest reading since April 2013.
Read moreAfter 86 months below growth neutral, the farm equipment sales index bounced into growth territory in December in the Rural Mainstreet Index.
Read moreAfter 86 straight months of readings below growth neutral, farm equipment bounced into growth territory for the month.
Read moreSince falling to a record low in April, the Rural Mainstreet Index has increased for six straight months. The farm equipment sales index improved this month, too.
Read moreThe index has risen consistently since bottoming out in April. The farm equipment sales index remains in a recessionary zone.
Read moreThe August farm equipment-sales index fell to 32.8 from 34.4 in July.
Read moreThe July farm equipment-sales index increased to 34.4 from 32.8 in June.
Read moreThe farm equipment sales index, while still weak, also made gains.
Read moreThe June farm equipment-sales index increased to 32.8 from 21.9 in May. The confidence index improved to 43.8 from May’s 22.1.
Read moreThe Creighton University Rural Mainstreet Index declined in February but remained above growth neutral. The farm equipment sales index increased but did not yet break into positive territory.
Read moreThe confidence index in the Rural Mainstreet survey shows a boost that researchers have not seen since 2013.
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