• Home
  • News
    • Business
    • Crime / Courts
    • Health / Medicine
    • Legislature
    • Politics / Govt
  • Sports
    • The Bill Pollock Show
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Missourinet

Your source for Missouri News and Sports

You are here: Home / Agriculture / Rural bankers bullish on farm economy (AUDIO)

Rural bankers bullish on farm economy (AUDIO)

December 23, 2012 By [email protected]

A survey Missouri rural bankers finds them feeling bullish about the rural economy.  But there’s a shadow over those good feelings.

Creighton University economist Ernie Goss runs monthly surveys of small-town bankers and of purchasing agents who are in the middle of the supply and demand cycle in ten states.  This month’s survey of Missouri bankers shows they’re feeling the best about the economy that they have felt since 2007, before the recession hit. 

His farmland price index is up 27% from November. And his new-hiring index is up by almost a third.  “Farmers and non-farm investors are driving up the price of agricultural land…It’s being sustained, in this case, by the federal reserve’s easy money policy that is pushing up agricultural prices but also making funds available for borrowing and buying,” he says.

But Goss warns of a farmland bubble because of those low-interest policies and says higher interest rates could let the air out of it. 

He says the small-town bankers feel much better about the economic rebound than the purchasing managers, who are more likely to be in cities.  Goss says his survey of Missouri and nine other states shows there is is a big difference in attitudes between those who depend on agriculture and those who don’t.

AUDIO: goss interview 11:04

 

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture, News

Subscribe to our daily newsletter


Tweets by Missourinet

Sports

Crunch time for Mizzou hoops. Eli the best at selling Tigers football (PODCAST)

Thanks for … [Read More...]

Girl hurt in crash with ex-Chiefs Coach “likely has permanent brain damage”

A girl … [Read More...]

Royals building a winner, Chiefs will look different in 2021 (PODCAST)

Thanks for … [Read More...]

Rookie scores in debut as Blues beat Ducks

Zach … [Read More...]

Chiefs GM hopeful Mahomes and his offensive tackles will be ready for training camp

Kansas … [Read More...]

More Sports

Tweets by missourisports

Archives

Opinion/Editorials

TwitterFacebook

Copyright © 2021 · Learfield News & Ag, LLC