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Rural Index Rises, but Farm Woes Continue

Creighton University’s index of the rural economy rose above growth-neutral in June, though more than one in four surveyed bank CEOs reported rising loan defaults due to farmer financial woes.

Almost half of bankers reported that due to crisis-level farm income, farmers in their area have responded by selling or otherwise leaving their farm.

Creighton’s Ernie Goss cited higher commodity prices and rebuilding from recent floods as positives, and he noted that nearly 70 percent of surveyed bankers said they support raising or continuing current tariff levels.

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