A new survey suggests economic growth in rural areas of 10 states in the Plains and the West will continue slowing down in the next few months.
Creighton University economist Ernie Goss said Thursday that crop prices are significantly lower than last year, and that's a drag on the economy in rural areas.
The overall economic index from the monthly survey of bankers declined to 48.2 in September from August's already weak 48.3 reading.
The survey indexes range from 0 to 100. Any score below 50 suggests decline in the months ahead.
The bankers continue to doubt the economy. The confidence index fell to 33.4 in September from August's 39.9.
Bankers from rural areas of Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.