DES MOINES, Iowa - Local bankers in small towns across Iowa and nine other states are surveyed to make up the "Rural Mainstreet Index," and the latest index shows a distinct lack of optimism about the rural economy.
The index rose from 34.8 in January to 37 points in February, which is still considered below neutral in terms of their outlook for growth. Creighton University economist Ernie Goss, who oversees the survey, said it appears farmers are more overextended at banks than at this time last year, but it isn't a cause for alarm.
"The farmers still remain in reasonably good condition," he said. "This is nothing like a return to the 1980s, where the farmers mortgaged their land up significantly, and we are moving into a territory where the farmer is getting more leverage than before."
Goss said continued low commodity prices primarily are to blame for the negative outlook. The bankers were asked for their current views of the local economy, and predictions for the coming six months. Only 8.7 percent said their local economy is expanding, while more than a third - almost 37 percent - called theirs a recession.
Goss said he believes market conditions will improve in the second half of 2016, with some cautions.
"2016 is going to be somewhat like 2015, a bit challenging for the rural areas," he said. "For example, farmland prices still coming down; we're seeing cash rents, cash land rents, for the region coming down a bit."
He said the rural economy is stabilizing, but it's been at a low point.
"What we need to see going forward is at least international trade improving, also a turnaround in the global economy - and tack on a weaker dollar, that would all push the agricultural economy into positive territory," he said. "But right now, it's not in the immediate horizon."
This is the sixth month in a row with survey results below growth-neutral levels. Higher home sales in rural communities are one bright spot in the report.
The survey is online at creighton.edu.
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A small Pennsylvania community is hoping Congress will remember the needs of rural areas as lawmakers negotiate the final, contentious debt ceiling deal.
Jamie Kinder, mayor of Meadville, said larger cities tend to get more attention and funding from federal and state governments, and small rural areas like hers are more likely to be left out. She added her town has benefited from Bipartisan Infrastructure Act dollars, which have funded projects and programs in the community.
Kinder contends federal funding for small, rural areas must continue.
"We have used that federal money; we bought a fire truck," Kinder pointed out. "That's what helped us be able to bring the EMS service into Meadville. We don't have a lot of money, we have no way of bringing in revenue for a city, right? They tie your hands at the state level. So, the only way you get money in a city is through property tax."
As part of the Bipartisan Infrastructure Law, Pennsylvania is expected to receive about $13.2 billion over five years in federal funding for highways and bridges. In Meadville, road resurfacing on one major street is part of more than $12.5 million in state work scheduled this year by the Pennsylvania Department of Transportation.
Kinder emphasized Meadville relies on funding from the federal government, noting her town's economic needs are just as great as those in larger cities and suburban areas.
"We are a small community of 13,000," Kinder said. "And just because we are small doesn't mean that our citizens aren't worth as much, right? So, we want to make sure that we're giving the same opportunities to rural places as we are big cities and urban places."
Kinder added the town has also received grants to purchase ambulances and equip the fire station and historic Market House with solar energy. Meadville has also created a climate action plan focusing on its future.
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State grants could bring high-speed internet access to nearly 15,000 Washingtonians.
The State Broadband Office is awarding $121 million to 19 projects largely designed to ensure broadband for rural communities.
Director of the Washington State Broadband Office Mark Vasconi said an even greater number of communities will need to be served after this round of grants.
"We received over $300 million worth of requests," said Vasconi. "So, I think that shows the need that's out there and, frankly, we were glad that we were able to award the projects that we did."
The state has a goal of ensuring every Washingtonian has access to 150 megabits per second speed internet by 2028.
According to the latest Federal Communications Commission broadband map, 93% of Washingtonians have access to internet with speeds of at least 100 megabits per second.
Vasconi said internet availability will equalize access to services for the people who live in Washington.
"You have access to services, access to information that you otherwise would not have," said Vasconi. "It's really essential in order to conduct your daily life, whether that be health care information, educational information, banking information."
Funds are going to counties and electric co-ops - as well as the Spokane Tribe, which is receiving about $3.4 million. The state is funding the project with investments from the federal Coronavirus Capital Project Fund.
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Young farmers in the United States face extensive structural barriers affecting their mental health, according to a new survey from the National Young Farmers Coalition.
A lack of affordable health care and housing as well as access to land is taking a toll on farmers just starting their career, as well as farmers of color.
Jac Wypler, farmer mental-health director for the National Young Farmers Coalition, said mental decline can lead to poor decision-making and higher risk of injury.
"Farmer mental health truly can lead to farms being less viable," Wypler pointed out. "Farmers being less capable to do the work of the farm, as well as leaving the farming profession."
Wypler noted low pay for farmworkers and even food insecurity are also leading to farmer burnout. Advocates have created a bilingual mental health hotline for farmers at 1-800-FARM-AID and are cultivating a growing network of young farmer leaders working to reduce the stigma surrounding mental health.
The 2018 Farm Bill was the first to direct funding toward farmers' mental health and advocates are hoping the 2023 Farm Bill will offer even more.
Wypler acknowledged Americans' appreciation for farmers and the challenges they face grew during the pandemic, but stressed continued support is needed.
"A functioning healthy food system requires healthy farmers and farmworkers, and that includes their mental health," Wypler contended.
Cultivemos, a network for farmer and farmworker well-being in the Northeast, has regranted federal dollars to more than ninety organizations working to improve farmers' mental health through training and peer mentoring.
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