The March Rural Mainstreet Index Drops Sharply

The Rural Mainstreet Index fell sharply in March, signaling continued economic strain across agriculture-dependent regions.

According to Creighton University, the index dropped to 40.9, well below growth-neutral, marking ongoing weakness tied to low commodity prices and high input costs.

“Weakness in farm commodity prices and elevated agriculture input costs are spilling over into the business community,” said report author Ernie Goss of Creighton.

While farm income remains under pressure, land values showed slight improvement, and loan demand surged, indicating producers are relying more on credit to manage tight margins. Farm equipment sales, however, stayed weak, reflecting cautious spending.

For U.S. farmers and ranchers, the report highlights ongoing financial stress but also some resilience. Stable land values and manageable loan delinquencies suggest producers are weathering the downturn, though continued volatility underscores the need for strong markets and supportive policy.

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