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Rural Bankers Weigh in on the Economy

Published July 17, 2020

The Creighton University Rural Mainstreet Index improved from last month, but it remains below pre-COVID-19 levels. This monthly survey of bank CEO’s in the ten-state region found the rural economy got a boost from the USDA coronavirus assistance. The bankers said farm loan defaults will increase five percent over the next year. Farmland values increased in Minnesota and South Dakota, but declined in North Dakota.