Rural economy survey shows growth in Nebraska, Iowa, but overall decline in Midwest

22 Mar 2017

Variations in energy and agriculture may determine decline or growth in the rural economies of 10 Midwestern states.

According to a monthly Creighton University survey of 170 bankers in the states, the overall economy in the states declined for the 17th straight month.

But five of the states — Illinois, Iowa, Missouri, Nebraska and South Dakota — showed economic growth, while Colorado, Kansas, Minnesota, North Dakota and Wyoming showed declines.

Creighton economist Ernie Goss, who conducts the survey, said although farm prices are down from a year ago, there are factors that are helping rural areas in some of the states. “The negatives are not as negative.”

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