The index, measured on a scale of 100, was 42.8 in January, just below December's 42.9. It was at 49 in September 2015. Farmland prices remained below 50 for the 38th straight month, rising from 26.8 in December to 33.8 in January.
Goss said, “The overall index was virtually flat from last month. Over the past 12 months, livestock commodity prices have tumbled by 7.3 percent and grain commodity prices have slumped by 11.7 percent. The economic fallout from this price weakness continues to push growth into negative territory for five of the 10 states in the region." (Creighton graphic: Rural Mainstreet Index)