Creighton University — A new report from Creighton University shows the rural economy across the Midwest and Plains remains under pressure. The October Rural Mainstreet Index (RMI) fell to 42.5, down from 44.7 in September, marking the fifth time in the past six months that the index has been below growth-neutral levels.
Creighton economist Ernie Goss says supply chain disruptions tied to the conflict involving Iran have driven diesel fuel and fertilizer costs to record highs, weighing on rural communities and agricultural producers.
The survey of rural bank CEOs also found continued weakness in farm equipment sales, which have remained below growth-neutral levels for 38 consecutive months.
Nearly three in 10 bankers identified local farm equipment dealers as facing the greatest financial stress. Despite those challenges, farmland values have remained relatively stable, with the farm and ranchland index staying slightly above growth-neutral levels. Nearly half of surveyed bankers also expressed support for recent federal farm assistance programs.
The report also noted Nebraska agricultural exports have declined significantly this year, adding to concerns about the financial outlook for farmers and ranchers heading into 2027.
