The latest Rural Mainstreet Index (RMI) suggests the farm economy will weaken next year as interest rates continue to climb.
Ernie Goss is an ag economist with Creighton University and says, “I think for the long term trend, the era of very cheap money is gone.”
The Rural Mainstreet Index is a survey of ag bankers in 10 states including: Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, and South Dakota.
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