Rural Mainstreet Economy Weakens in July: High Share of Crop Farmers with 2016 Negative Cash Flow

Survey Results at a Glance: • For an 11th straight month, the Rural Mainstreet Index fell below growth neutral. • Farmland prices remained below growth neutral for the 32nd straight month. • Bank CEOs reported a 6 percent decline in farmland prices over the past year. Bankers expect cash expenses will exceed cash revenues for one in five crop farmers in the region. • Bank CEOs expect farm loan defaults to grow by 5.4 percent over the next year.