For the 12th straight month, the Creighton University Rural Mainstreet Index remained above growth neutral, according to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and energy.
Last week the details of the most recent Federal Reserve’s Federal Open Market Committee meeting were released and although the meeting was held in late September, there are concerns that the Fed’s policy position may be wrong and that concern is actually echoed by a member of the FOMC, Michelle Bowman from Kansas.
Community banks have long argued that the field is neither fair nor level when talking about agricultural lending in regards to the Farm Credit System.
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