Healthy Farm Income Pushes Plains, Midwest Economy

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OMAHA, Neb. (AP) — An economist who oversees a survey of rural bankers in 10 Plains and Midwest states says healthy farm income is pushing the regional economy further toward recovery.

The overall index for the Rural Mainstreet economic survey in December reached 55.4, its highest level since January 2008. The November figure was 53.3.

Creighton University economist Ernie Goss oversees the survey. He says businesses heavily dependent on the farm economy are benefiting from farmers' strong income streams.

The index ranges between 0 and 100. A score below 50 suggests the economy will contract in the next few months; above 50 suggests the economy will expand.

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming are surveyed.

Copyright 2010 The Associated Press.

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