Rural survey: Farm foreclosures over next 5 years a concern
OMAHA, Neb. (AP) — A new report is highlighting growing concerns that farm foreclosures will be the greatest challenge to rural banks in parts of 10 Plains and Midwestern states over the next five years.
The Rural Mainstreet Index for the region rose slightly to 45.3 in October from 39.6 in September. The index released Thursday ranges between 0 and 100, with any number under 50 indicating a shrinking economy.
Creighton University economist Ernie Goss, who oversees the survey of bankers, says about 10 percent of bank CEOs surveyed expect their operations to be hit hard by farm foreclosures in the next five years. Goss blamed the concern on weak farm income and low commodity prices.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.
New school record, outdone expectations at state mark bright future for Moffat County track and field
With Saturday bringing with it a new team record, a competition that nearly didn’t happen, and a bet with some slippery stakes, never let it be said that Moffat County High School track and field athletes don’t make their season exciting right up until the very end.