OMAHA, N.E.(KELO)- Our regional economy is running in the red for the 18th time in the last 19 months.
That, according to Creighton University’s monthly Rural Mainstreet Index.
The Index includes a survey of bankers in a ten state midwest region.
Creighton economist, Dr. Ernie Goss, says the bankers’ expectations aren’t very bright.
Regional bankers expect farm income to go in reverse again this year…for the third straight year.
Up to this point, there haven’t been many farm loan defaults.
Goss, says there are some early signs that may be changing.
One bright spot…Mainstreet businesses in the region appear to be doing well, despite difficulties in farming.
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