Bankers survey indicates improving farm economy in South Dakota, 9 other states
OMAHA, Neb. (AP) — Bankers surveyed in parts of 10 Plains and Western states are seeing improvement in the region’s farm economy.
The Rural Mainstreet survey released Thursday shows the survey’s overall index rising from a stunted 48.5 in May to 53.2 this month. Any score above 50 suggests a growing economy, while a score below 50 indicates a shrinking economy.
Creighton University economist Ernie Goss, who oversees the survey, says higher agriculture commodity prices and rebuilding from recent floods boosted June’s index. Goss also noted that despite negative consequences from trade tensions and tariffs, nearly 7 of 10 bank CEOS surveyed support either raising or continuing the Trump administration’s current tariffs.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.